Home to 9% of the world’s forest and 25% of the world’s boreal forest [2], Canada’s vast forested ecosystems define our stunning natural landscapes while providing significant social, cultural, and economic benefits. Supporting the livelihoods of hundreds of thousands of workers, it’s important ...
Did you know that the modern healthcare sector relies heavily on petroleum products? Whether it be a natural gas plant generating electricity to power a hospital, the fuel used to operate a road ambulance to transport patients, or one of the countless life-saving medical devices made from petrol...
The liquefied natural gas (LNG) industry in British Columbia is more than just a vital emerging economic sector for Canadians; it represents a unique opportunity for collaboration and partnership with First Nations communities. In the words of Indigenous community leaders: “Canadian LNG is Indig...
By 2050, the world and its energy mix will be vastly different than today according to ExxonMobil’s latest global outlook --- but not in the way you might expect. The oil major expects global energy demand to grow 15% by 2050 as the world’s population booms from 8 billion today to 10 billion and...
Key Facts Pipeline infrastructure restraints affected refined product shipments from Edmonton to cities in British Columbia, creating a supply/demand squeeze and affecting gasoline prices Since 2015, pipeline bottlenecks have resulted in an additional $1.5 billion in gasoline and diesel costs fo...
Newfoundland and Labrador is home to millions of acres of productive forested lands, a critical economic mainstay for the province since its beginnings. Going back into history, much further back than when Europeans settled what we now know as Atlantic Canada, you'll discover that the region's f...
Canadian families are struggling to make ends meet, and our economy is in trouble. Whether it be decreasing labour productivity, dropping capital investment, or poor gross domestic product (GDP) growth per capita, it should be no surprise that these “economic” red flags are often accompanied by ...
Canada's economy is in trouble. You may recall that back in March, the Bank of Canada announced it was time to “break the glass” and fix Canada’s faltering labour productivity and decreasing business investment problem, largely by attracting new private capital (hint hint, natural resource devel...
Speaking frankly, it is extremely difficult to fathom just how much a “billion dollars” is. For example, we often hear about the “billions” that our natural resource sectors generate for Canadians, but for 99.9% of us, without tangible comparisons, conceptualizing this amount of money is next to...
Canada’s vast and diverse landscapes hold an immense wealth of natural resources that have long served as the bedrock of the nation’s economy. Accounting for over 19% of Canada’s nominal gross domestic product (GDP) in 2022, the energy, forestry, and mining sectors support 1.7 million direct and...
Oil Tanker & Tug Boats in Salish Sea - Trans Mountain The Trans Mountain Pipeline (TMX) is finally complete and operating as it should. It has been a journey twelve years in the making, with many hurdles to jump, negotiations to make, limited resources during a global pandemic, extra costs, ...
British Columbia is just one of many Canadian provinces blessed with a vast wealth of natural resources. Home to major deposits of valuable rocks, minerals and metals, B.C.'s mining industry has flourished over the years and today remains a major contributor to the province’s economy and overall...
This blog has been edited due to Bill C-59 Canada’s nascent liquefied natural gas (LNG) industry is making great strides forward, with four current projects currently underway. LNG Canada – the largest private sector investment in our country’s history – is one of those projects; with an initial...
This blog has been edited due to Bill C-59 Key Points • Natural declines in oil & gas fields mean significant volumes of new supply need to be brought online every year to keep up with global energy demand • The world still gets more than 80 per cent of its energy from fossil fuels, despite t...
