Companies must compete globally for investment, resources, people and markets. As leaders in innovation, expertise, productivity and ESG, Canadian natural gas and oil producers have an opportunity to be a responsible supplier of choice for the world.
A strong energy sector ensures Canada’s prosperity and a strong Canadian economy, now and for the future.
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.
Industry Across Canada
In addition to its contribution to Canada’s GDP and tax revenues, the industry is also a major job creator across the country. Using goods and services from many regions, Canada’s exploration and production of oil and natural gas is truly a national industry.
Capital Investment and Drilling
Capital investment in Canada’s energy sector generates development activity, which in turn spurs job creation and economic growth across Canada for all levels of government.