Energy Industry in Canada

Supporting Canada's Energy Families

Canada, with its vast wealth of natural resources, is fortunate to be one of the world’s largest energy producers and exporters. From oil to gas to wind to solar to nuclear to hydro to biofuels, our country has it all, producing vast quantities of energy that support a strong economy and ensure resource security for families across Canada, the U.S., and elsewhere abroad.

Home to the world’s second-largest uranium reserves, third-largest oil reserves, ninth-largest natural gas reserves, and one-fifth of the world’s freshwater, we are one of the world’s top electricity producers, generating more than 80% of our power supply from sources such as hydro and nuclear. Canada also consistently ranks as one of the world’s top electricity exporters, sending a whopping $4.3 billion of power to the U.S. in 2023 ^[1].

Canadians should be proud of what the energy sector does for our families and governments here at home, including an oversized economic contribution domestically, accounting for 10.3% – or $279 billion – of Canada’s economy, 28% of our total merchandise exports, and hundreds of thousands of jobs nationwide in 2023 ^[2].

Canada’s massive impact on our economy is irreplaceable. Our country would not be as strong and prosperous without our energy resources, and the world would be much less energy-secure. But we can do more - and should, as our closest allies and trading parnters are asking us to step up.

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See all of Canada Action’s “energy” related blogs today!

Canada’s Role in Global Energy Security

With projected growing global demand for oil, natural gas, renewables, nuclear and other emerging forms of energy for decades to come, Canada is ideally positioned to meet the world’s energy needs.

The reality is that we will need all forms of energy to fulfill the ever-increasing demand here at home, but also abroad in developing emerging market economies. We don’t have to choose between supporting oil and gas or renewables; we can support all of the above for a more prosperous, energy-secure world.

By building new pipelines, powerlines, ports, railways, and roads, our country can play an increasingly important role in global energy security, bringing immense economic benefits for Canadian families and governments from coast to coast.

Canadian Energy: Quick Facts

Globally, Canada is a top 10 producer, exporter, and reserve holder of many forms of energy ^[2][3]:

• Uranium: 2^nd largest producer, 2^nd largest exporter, 3^rd largest reserves
• Electricity: 2^nd largest exporter, 7^th largest producer, 8^th largest reserves
• Oil: 3^rd largest oil exporter, 4^th largest oil producer, 4^th largest reserves
• Natural Gas: 5^th largest producer, 6^th, largest exporter, 9^th largest reserves
• Hydroelectricity: 3^rd largest producer and the 4^th largest reserves
• Coal: 8^th largest exporter, 15^th largest producer, 18^th largest reserves
• Renewables: 6^th largest producer of renewable energy
• Nuclear Power: 6^th largest producer
• Wind Power: 9^th largest on-shore wind capacity
• Biofuels: 13^th largest producer

Let’s Support All Canadian Energy

A strong energy industry is good for Canadian and Indigenous families and communities nationwide. Join us and hundreds of thousands of Canadians on Twitter, Instagram and Facebook today to learn more about why the world needs more Canadian natural resources!

Is Canada really energy secure?

We produce more than enough oil and natural gas to meet the needs of every Canadian but we don’t have adequate infrastructure to transport our own energy across Canada. pic.twitter.com/qcaBwDXslK

— Canada Action (@CanadaAction) April 5, 2025

SOURCES:

_{1 - https://www.cer-rec.gc.ca/en/data-analysis/energy-markets/market-snapshots/2025/market-snapshot-overview-of-canada-us-energy-trade.html}

_{2 - https://energy-information.canada.ca/sites/default/files/2024-10/energy-factbook-2024-2025.pdf}

_{3 - https://financialpost.com/commodities/energy/oil-gas/alberta-major-revision-oil-gas-reserve-estimates}