I will be commenting on a blog that mentions the long-term benefits of the Responsible Resource Development project, The Canadian government is investing millions of dollars in the pipeline and marine industries.
It is evident that the government is aiming to increase job satisfaction and conditions while also decreasing unemployment as the government is “strengthening pipeline and marine safety, supporting consultations with aboriginal peoples” in addition the government is planning to “create jobs, growth and long-term prosperity”
The investments of the Canadian government will grow the economy as spending on capital and labour conditions increase in these industries.
The project is very costly and the government is spending billions of dollars, this may cause a deficit in the budget furthermore the non-existing short-term benefits of this project makes it even more unattractive. Building the infrastructure for this project may take months and it won’t be until a couple years the project will bring returns on the investments.
Although the project will bring great benefits to the economy the project will be highly costly. I agree with the blog that the project is a great investment for the future, but the lack of short-term returns on investment makes this project unattractive. As mentioned in class the return on investment is something to consider before spending large sums of money in projects.
blog can be viewed at: http://www.naturalresource.ca/blog/?p=839
COMM101 Topic: Strategy
https://www.youtube.com/watch?v=a9oHlk-LZc0
| Name | B Kirk |
| Student Number | 20557138 |
| Course Section | 102 |
| Article Title | Harper Government Announces Plan for Responsible Resource Development |
| Source | http://actionplan.gc.ca/en/page/r2d-dr2/what-responsible-resource-developmenthttp://www.naturalresource.ca/blog/?p=839 |
| Date article published | Apr 24, 2012 |
| Date blog post written | Nov 16, 2013 |
| Word count | 220 |