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“The government’s talking, for example, about harmonizing extended producer responsibility across Canada,” she said.
“And what that means is that the industry that puts plastic products on the market also takes responsibility for those plastic products after they are used. And then that way, what we see across different geographies, like British Columbia, like the EU, is you can get much higher collection and recycling rates for plastics.”
Marshall said as governments work to increase collection, recycling rates and scale, there are opportunities to invest in petrochemicals.
“Those are the big opportunities where I think when you look at that from an investment perspective, there’s still lots of strengths and opportunity in petrochemicals,” she said.
At a press conference Wednesday, Alberta Energy Minster Sonya Savage accused the federal government of “proceeding in a direction that suits their agenda and their purpose.”
She said part of Alberta’s economic recovery plan is to bring in more petrochemical activity, including the manufacturing of plastics.
“So we would just say that is Alberta’s jurisdiction. It’s a key part of our economic recovery strategy,” she said.
“So we’ll be following that announcement from the federal government and each and every announcement to ensure that it doesn’t infringe on our constitutional jurisdiction and to ensure that it doesn’t infringe on our ability to recover our economy and doesn’t infringe on our ability to diversify our economy.”
