The National Farmer’s Union decries the impoverished discussion since the spark of public interest in our resources was lit by the potential acquisition of the Potash Corporation of Saskatchewan Inc. by the Australian firm BHP Billiton.
One only has to look at Norway’s management of their non-renewable resources to see what is possible. Norway captures 50% of the resource wealth extracted each year. The wealth is retained for present and future generations. Norway has a sovereign wealth savings fund of $480 billion. Sask. captures 12% of resource wealth each year and is projected to have $340 million in its savings fund at the end of its next fiscal year.
“Saskatchewan has been impoverished by apathy and its politicians’ lack of vision and gross mismanagement of the province’s natural resources for the last 30 years. We will leave future generations a bankrupt province with mountains of mine waste when the resources run out,” says National Farmers Union President Terry Boehm.
“Tomorrow the National Farmers Union will be calling on all citizens to share a vision of Saskatchewan where our resource wealth is saved for the citizens and used to build equitable caring communities and vibrant family farms both now and in the future.
IMAGINE WHAT IS POSSIBLE,” says Terry Boehm.
Date: Tuesday, October 26th, 2010 Time: 10:30 a.m.
Location: National Farmers Union National Office, 2717 Wentz Avenue, Saskatoon.
If you require further information, please call:
Ross Hinther, Director of Research, National Farmers Union
Ph. 306-652-9465 email email@example.com
2717 Wentz Ave.
Tel (306) 652-9465
Fax (306) 664-6226