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While some Canadians see the export of resources as an “old economy” activity of low value, a recent report by Canada’s Public Policy Forum turns that notion on its head.

Towards a More Innovative Future: Insights from Canada’s Natural Resources Sector argues that technical innovation drives efficiencies that are not only boosting the country’s economic output, but also creating world-class exportable technologies and high-value employment. “The flawed notion that generating wealth from abundant natural resources occurs at the expense of innovation is not something Canadians can or should accept,” the report says.

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Partnerships based on technical innovation are transforming the Canadian oilsands, where 80% of the wealth can be unlocked only through the application of advanced technologies.

GE Oil & Gas is already in Alberta, partnering with companies to bring the latest technologies to bear on oilsands development.