Why do you explore for and produce oil and natural gas in Canada?
Energy fuels our lives, and the appetite for energy is growing dramatically. Worldwide, energy consumption is projected to rise 31 per cent by 2040. We’re going to need more energy to meet this demand.
How can I find out more about how gasoline prices are set?
CAPP represents companies that explore for and produce oil and natural gas, but has no control over the price of gas. There are a number of sources outside of CAPP you can check out for more information.
What does the industry's economic contribution look like?
Our industry is the single largest private sector investor in the country, investing $38 billion in capital projects in 2016. Our industry contributed an estimated $12billion* to government revenues in the form of royalty payments, land payments (bonus payments), and corporate and municipal taxes, ensuring that all Canadians benefit from oil and natural gas development.
*Average contributions from 2014-2016.
What does the industry's workforce look like?
Right now, our industry accounts for more than 500,000 jobs across Canada, directly and indirectly. Every day, thousands of committed employees across Canada contribute to the growth, creation and development of our industry, making an important contribution to Canada’s economy.
What new technologies or innovations are being used by the industry?
Our industry is constantly striving to improve on existing technologies, particularly to minimize our environmental impact.
Where does Canada rank as a global energy producer?
Canada only represents 0.5 per cent of the world’s population, yet it is the fifth-largest natural gas producer and the sixth-largest crude oil producer in the world. Canada has extensive oil and natural gas resources right across the country.