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
Over the past decade the failure of various levels of Canadian governments to get pipelines built has ignited debate on a very important question:
Which is a safer means to transport oil to market? Is it pipelines, or trains / rail cars via railways?Read more
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
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
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
In Texas, millions of barrels of new pipeline capacity is under construction to get their oil to market. According to Bloomberg, major Permian Crude Pipelines projects currently underway include:
- Gray Oak – Complete in end of 2019 – 700,000 – +1,000,000 bpd
- EPIC – Complete in 2nd H of 2019 - 440,000 – 675,000 bpd
- Cactus II – Complete btw 3rd Q of 2019 – April 2020 – 585,000 – 670,000 bpd
- Permian-Nederland – Complete in mid-2020 - 600,000 – 1,000,000 bpd
- Permian-Gulf Coast – Complete in mid-2021 – 1,000,000 bpd
These are just some of the pipelines that will help increase shipping capacity to refineries off the Gulf Coast to meet rising global demand for oil.Read more
Did you know that 12 of the 13 provinces and territories in Canada have an active petroleum industry stimulating the economy within their respective boundaries in some way or another?
These companies are using goods and services in many regions throughout the country, making the exploration and production of oil and gas truly a national industry.
Here’s some quick facts on the oil and gas industry across Canada – you might be surprised as to how much the provinces and territories other than Alberta are involved in this precious industry of ours!Read more
As the second largest country in the world, Canada is fortunate to have an incredible diversity and wealth of natural resources which play an important part in its high standard of living and national economy.Read more