Canada's natural resource industries (mining and minerals, forestry, energy) are the backbone of its prosperity. The forestry sector alone accounts for a considerable amount of the national gross domestic product (1.6%) and mass employment across the country (over 230,000 jobs in 2017).
With the third largest forested area in the world (next to only Russia and Brazil), Canada’s forests are without a doubt a critical part of its economy. To preserve them, federal law requires any harvested public lands to be replanted.
This is a prime example of Canada’s commitment to being a responsible environmental steward. In 2014 alone, more than 540 million seedlings were planted nationwide. Many of these were to replace groves cut down by the industry...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
How can you support Canadian energy and the opportunities that mega-projects like the Trans Mountain expansion, Keystone XL pipeline and BC LNG would bring to our nation?
Truth is that we as Canadians needs to stand up for our prosperity! We cannot let loud vocal minorities dominate the conversation with mis-information concerning our energy sector any longer!
Every voice counts in this battle for Canada’s economic future. Here are a few simple ways you can get involved in the conversation and do your part:Read more
With lengthy delays and so much uncertainty when it comes to getting pipelines built in Canada, it seems Canadian producers have found another way to get their oil to market.
According to Statistics Canada, there was a total of 16,193 railway carloads transporting petroleum and fuel oil in June of 2018. That’s about eight times the amount seen a decade ago and a fresh record high.
Furthermore, because of limited pipeline capacity the biggest increase in weight moved by rail for the second consecutive month was for crude petroleum and fuel oils – up by 45.8% (464,000 tonnes) year-over-year.
Crude-by-rail exports also rose by 31.4% since January 1st while in June of 2018 they rose by a whopping 86.8% when compared with the same time frames the year before. This is largely due to the modest recovery oil prices have made in recent months, as producers scramble to take advantage of the potential boost in revenues.
So what does this all mean for Canada?Read more