Economy

A strong energy sector ensures Canada’s prosperity and a strong Canadian economy, now and for the future.

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Canadian Economic Contribution

According to Statistics Canada, Canada’s oil and natural gas industry provided more than $105 billion to Canada’s gross domestic product (GDP), and supported almost 400,000 jobs across the country in 2020.

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Industry Across Canada

In addition to its contribution to Canada’s GDP, the industry is also a major job creator across the country. Canada’s oil and natural gas industry is active in 12 provinces and territories. Using goods and services from many regions, Canada’s exploration and production of oil and natural gas is truly a national industry.

Economic Competitiveness

But the reality is Canada is falling behind. Without access to emerging markets, a streamlined regulatory system and a competitive tax structure, Canada risks losing capital investment that translates industry growth into jobs, new technologies, government revenues and economic benefits for all Canadians.

Capital Investment and Drilling

Capital investment in our energy sector generates development activity, which in turn spurs job creation and economic growth across Canada for all levels of government.