Canada’s natural resources are one of the strengths of the Canadian economy. Accounting for 17% of the national gross domestic product (GDP) in 2017, they employ more than 2 million people directly and indirectly across the country.
Many natural resources, like oil, for example, are found in abundance in the great white north. As Canadians, when our natural resource industries prosper, so does our country!
With that in mind, here’s all the latest retweets by Canada Action on Twitter concerning our natural resource sectors during November of 2018. Use these as a learning tool to get up to speed on the current state of affairs of our natural resource industries.
Don’t forget to join us on Twitter, Facebook and Instagram for updates via your live social media feed today!Read more
Did you know that Canada ranked 14th on the 2018 Social Progress Index (SPI), with a score of 88.62 out of 100? That’s the highest out of the top 10 countries with the world’s largest proven oil reserves!
Here are the rankings for these nations. While looking at the index results, try to keep in mind this question... where would you like to get your oil from?Read more
Did you know that despite being a major world producer and exporter of crude oil, Canada also imports oil from abroad, most of which enters eastern Canada? This is mainly because there has been insufficient infrastructure built to connect Western Canadian oil supplies to eastern Canadian markets.
As a matter of fact, in 2017, Canada imported 670,000 barrels per day of crude oil from countries such as the USA, Nigeria, Saudi Arabia, Azerbaijan and Norway (see below for 2016).
So why does Canada not have any infrastructure to replace this imported oil with our own? That’s a good question many Canadians are wondering about nowadays, especially with recent events like the record-high WCS vs. WTI differentials in November of 2018.
If you’ve heard of the Energy East project, then you should know that the opportunity to connect east and west with energy infrastructure via pipeline was put on hold when the project was cancelled by TransCanada in October of 2017. What would have been so great about this project being built?Read more
Canada’s competitiveness on a global scale is becoming a bigger concern as the months go by for organizations, CEOs and industry leaders across the board.
Some people may say that these quotes are simply anecdotal and as a result shouldn’t be concerning. But given the multitude of executives and leaders in Canada all sounding the same alarm, that Canada is losing its competitiveness, what they are saying should matter to all Canadians.
These quotes aren’t an anomaly either. They’ve been consistent, coming from leaders doing business in all provinces and industries across Canada.
Here’s the latest 20+ quotes that should have everyone in Canada worried and be asking themselves: what needs to change?
The approval of the $40 billion liquefied natural gas project in Northern British Columbia is a huge win for the First Nations who find their communities along the associated up-and-coming pipelines and export terminal. This mega-project means jobs, careers, business opportunities and revenues for these Indigenous people and their communities for decades to come.
It also means lots of opportunities for all Canadians working in the oil and gas industry, especially in British Columbia and Alberta. At a time where oil pipelines have been suspended or cancelled all together, the BC LNG investment is a shining light in a rather dark outlook for Canada’s petroleum industry.
While this massive energy infrastructure project will benefit all Canadians, more specifically, here’s some hard facts showing a few important reasons why BC LNG matters to First Nations in BC.
- Also see: 3 Reasons Why Canada Needs BC LNG
Oil production in Alberta has increased alongside rising global oil demand. Canada’s provincial economic powerhouse produced 238,000 more barrels per day in the first 8 months of 2018 than it did over the same time frame the year before.
Extraction is also on the rise. Since 2010, Alberta has gone from producing under 2 million barrels per day up to more than 3.7 million barrels a day as of August 2018. That’s quite the jump, but not a surprise considering that global oil demand is expected to grow nearly 12% by 2040.Read more
Good news, Canada! Construction is set to begin on the $40 billion liquefied natural gas (LNG) project located in northern British Columbia.
This massive project, which represents the largest energy investment in Canada’s history, is expected to bring huge economic benefits to both the province and nation through increased private sector revenues, employment opportunities and government revenues.Read more
A lot of people wonder just how much greenhouse gas (GHG) emissions are created by mid-stream components such as pipelines. In Canada, the Canadian Energy Pipeline Association (CEPA) sheds some light on this topic.
According to the latest data from 2014, you might be amazed at just how little skin Canadian pipelines have in the grand scheme of things.Read more
Supporting Canada's natural resource industries (oil and gas, mining, forestry, etc.) is extremely important not only for our current economic prosperity, but for that of our future as well!
Twitter is one place where Canadians can share their thoughts, feelings and emotions with others on current world events. It's also a great platform to share the facts just for general knowledge AND to counteract the mis-information that has been spread about Canadian industries like the energy sector, for example.
Here's Canada Action's retweets for all of October 2018. We recommend you check them out and give these people a follow on Twitter. The more we can all spread the message on social media, the more informed Canadians will be about just how important natural resources are to our economy!Read more
If you follow the discussion on Canadian energy and the economy, chances are you’ve heard about the record setting price differential between Western Canadian Select (WCS) and the West Texas Intermediate (WTI) benchmark.
This discount on WCS has a profound effect on Canada’s economy; millions of dollars in government and private sector revenues are lost every day. You see, WCS is the main blend of heavy crude that Canada sells to the world. So, without access to other markets than the USA, Canada really has no choice.Read more