Dave Tuccaro

Dave Tuccaro

President and CEO, Tuccaro Inc.

It showed real foresight from Syncrude's leadership to see our community as potential suppliers…

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“When I took over Neegan Development from the Mikisew Cree First Nation in 1990, the company was going broke because we had too much heavy equipment that wasn't being used. Dennis Love, who was Syncrude's mine manager, sent over a couple of people to evaluate our fleet and finances before changing the scope of our tree-clearing contract. It allowed us to survive and reorganize. Our relationship has grown since then and we have more than 200 employees working in different areas at Syncrude.

It showed real foresight from Syncrude's leadership to see our community as potential suppliers because the conventional oil patch in Alberta was closed to Aboriginals at that time. We started the Northeastern Alberta Aboriginal Business Association to help others learn how to work with industry. Syncrude has supported the association by working with members on what they need to do to work at their sites. Both the industry and the communities have prospered because of this vision. That's win-win in my books.”

Economic Contribution

Performance Overview

  • Economic contribution of $7.6 billion
  • Purchased $5.5 billion in goods and services
  • $2.1 billion spent in northern Alberta and with Aboriginal suppliers

Total Expenditures by Category

($ millions)

 
2008 2009 2010 2011 2012
Royalties, payroll & municipal taxes
         
1,988 1,026 1,204 1,269 853
Purchased energy1
         
878 432 458 528 339
Employees (net)
         
684 937 843 907 866
Materials and supplies
         
817 1,026 978 931 937
Contracted services
         
1,929 2,509 2,916 3,233 4,520
Other expenditures
         
128 170 30 27 53
Total
         
6,424 6,100 6,430 6,895 7,568
  1. Also includes expenditures related to purchased bitumen

Generating Economic Benefits

Syncrude recognizes that its procurement strategy must benefit all Canadians. While Alberta will remain Syncrude's primary supply hub, supply chain studies indicate substantial indirect flow-through to other provinces via subcontracting. The Canadian Energy Research Institute conducts occasional studies on the economic impacts of oil sands development. Visit their website for more information.

Annual Economic Contributions

Annual Procurement of Goods and Services

Geographic Distribution of Expenditures

($ millions)

 
2012
Aboriginal community
 
139
Municipality of Wood Buffalo
 
1,933
Edmonton area
 
1,717
Rest of Alberta
 
2,367
Rest of Canada
 
1,320
International
 
92
Total
 
7,568

Geographic Distribution of Expenditures

Aboriginal Business Expenditures

Over $1.8 billion has been spent with Aboriginal companies since 1992.