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Albertans and all Canadians must share in the benefits of our oil sands operations – whether from the energy we provide, employment, our payment of taxes and royalties, or through the business opportunities we create. We especially recognize the value in sourcing goods and services from local, regional and national suppliers. Our preference is to source locally, if all other factors in a procurement bid are equal. We will delegate specific work to local Aboriginal-owned businesses that have the capacity to successfully fulfill contract requirements on a sustainable basis.
Note: Includes all expenditures.
Spending in 2014 equalled about $8 billion, with significant progress made on major capital projects. This included the relocation of two mine trains and construction of a tailings management facility at our Aurora mine, and continued construction on the Mildred Lake Mine Train Replacement and the full-scale centrifuge tailings plant.
Over the last five years, Syncrude has spent over $25 billion for goods and services purchased in Canada, of which over $18 billion was spent in Alberta alone. Of that amount, almost $5 billion was spent with local Wood Buffalo suppliers, including Aboriginal-owned businesses.
Recognizing the imperative to maximize Aboriginal procurement, a concerted effort began in 2012 to enhance outcomes. We are already seeing results, with a 55 per cent increase in Aboriginal spending by 2014. Read more about our Aboriginal business focus here.
Hike Metals sits on the shores of Lake Erie in Wheatley, Ontario, and builds boats for a wide array of notable customers. The company employs as many as 35 full-time tradespeople – welders, machinists, pipefitters and millwrights to name a few. It added Syncrude to its client list in 2013 with the order of two ice breakers and two work boats. These watercrafts will help ensure a steady supply of fluid fine tails pumping from our Mildred Lake Settling Basin to the full-scale centrifuge tailings plant, which is expected to come on-line in 2015. “This is valued contract work for us,” says Hike Metals president, Andy Stanton. “It’s certainly good economics for our business to have this contract with Syncrude. It helps sustain local employment in Wheatley.”
|Royalties, payroll & municipal taxes||
|Employees (salaries and benefits)||
|Goods and services||
1 Includes expenditures related to purchased bitumen.
Due to rounding, some figures may not add up to the calculated total.
Crown royalty payments help to build and maintain schools, hospitals and roads, among other essential public infrastructure. Over the last five years, Syncrude payments have totalled over $3 billion.
The benefits of Canada’s oil sands industry is felt across the country. Every dollar invested in the oil sands creates about $8 in economic activity, according to the Canadian Association of Petroleum Producers (CAPP).