Canadian Energy Sources and Global Demand
Energy fuels our lives, and Canada's oil and natural gas industry is uniquely able to meet that need in an environmental and socially responsible way, through innovation and new technology.
World Energy Needs
The world’s need for energy – from all sources – is expanding. As more people in developing and emerging economies rise out of poverty and improve their standards of living, global demand grows for energy and everyday products made from oil and natural gas. The world will need more energy in all forms, including oil and natural gas.
Global energy demand is set to rise 24% by 2040, according to the International Energy Agency (IEA). This includes growth in both oil and natural gas demand, with oil and natural gas continuing to meet 45% of the world’s energy needs in 2040.
Canada’s Energy Mix
Canada is rich in natural resources. Our country has many different energy sources: oil, natural gas, coal, hydroelectricity, nuclear and more. This energy is used for various purposes, such as heating homes, fueling vehicles, generating electricity and more.
Some parts of Canada have the resources to produce electricity from large rivers, waterfalls or tides, while other areas are rich in oil and natural gas. Similarly, consistent wind in some regions makes large-scale electricity generation possible, while other regions can tap geothermal energy. Canada’s energy mix is continually changing as new technologies become available.
Transportation and Infrastructure
Canada's oil and natural gas producers continue to find new markets for their expanding production. Most product is transported three ways: pipeline, marine transport and rail.
A handy list of frequently asked questions and answers regarding Canada's oil and natural gas industry.