• Is the oil industry really “dead” as some are saying? Explores the suggestion by Canadian political leaders Elizabeth May and Yves-François Blanchet earlier last week.
• Several facts from pre, during and post coronavirus that point towards continued growth in global demand for oil for decades to come.
• Shutting down Canada's oil industry would only cede market share to producers who are less environmentally friendly while having no effect on global emissions, also impairing Canada's ability to transition to a lower carbon economy in the future.
Whether you like it or not, oil is a very important part of the Canadian economy. It's been said revenues generated by the oil and gas industry “pay the rent” in our country, not to mention the sector provides hundreds of thousands of direct and indirect jobs from coast-to-coast.
Yet, many Canadians seem unaware of the importance of oil to Canada. Such understanding seems to be lost amid the intense misinformation campaigns by special interest and environmental groups targeting the industry.
Just how much oil does Canada import every year? The answer is shocking actually, considering that Canada has the third largest proven oil reserves in the world.
Looking at the Canadian International Merchandise Trade Database, Canada imported approximately $18.9 billion of crude oil in 2019, down slightly from $19.2 billion in 2018 but up versus $17.1 billion in 2017.
A more detailed look in this chart below:Read more
With the federal government’s decision on Frontier oil sands mine coming soon, it’s more important than ever to explain why all us Canadians should put our full support behind this historic project.
If Teck is not allowed to proceed, it will be another nail in the coffin for Canada's oil and gas industry which has seen massive divestment and cancellations of major projects since 2015.
Where does all that capital investment go? To jurisdictions like the Untied States and elsewhere around the world with less stringent environmental regulations. Shutting down Canadian industry doesn't keep one barrel of oil in the ground.
It's a lost opportunity for our country and the global environment. Here's several reasons why Canada will lose if the Frontier oil sands project is not approved.Read more
With the federal government’s decision on the Teck Frontier Mine coming soon (in February), there’s some important details about this new oil sands project that need to be brought into the limelight.Read more
It’s no secret that Canada’s energy sector has been struggling in 2019. It’s unfortunate that this year so far has been but a continuation of many before it where the oil and gas industry has seen capital investment and investor confidence drop significantly.
Meanwhile, countless layoffs have forced talented individuals to move to other more competitive jurisdictions for jobs and better employment opportunities, many of whom are relocating south to the United States.Read more
Just how important is oil and gas to the Canadian economy? We gave the best answer we could in a previous blog, but new studies by the Canadian Energy Research Institute (CERI) shed even more light on the topic.
Two CERI reports released in July of 2019 forecast the economic contribution of both conventional oil and gas and the oil sands industry across Canada.
Below details the focus of each report, and the overall economic highlights along with a link to the PDF file for your convenience.
We Canadians have a tendency to be very polite. Other than our famous “eh” saying which we tag onto the end of many sentences each day, we’re also known for being very apologetic and will say “sorry” for just about anything.
It’s not such a bad reputation to have, really. Being well-mannered and polite will get you further in life than if you weren't. But when it comes to important issues like supporting the industries that are responsible for our national prosperity, this is a reputation we need to change.
For too long have we let small but vocal special interest groups dictate the conversation about our world-class natural resource industry. We’ve left these groups unchecked, letting them say whatever they want and whenever they want to, even if it was a complete falsehood.
It’s now time for Canadians to take a stand and stop saying sorry for being one of the most transparent, regulated, and environmentally-progressive producers and exporters of a variety of natural resources.
Please watch our video and share on Facebook, Instagram, Twitter or any other social media platform you’re on! Thank you!
With all the media coverage of anti-pipeline protestors and anti-pipeline narratives over the past several years, you would think no one in Canada supports the Trans Mountain Pipeline expansion (TMX). This is a major misconception many have about the project which could not be further from the truth.
Recent polls suggest that a majority of both Canadians and British Columbians support the Trans Mountain pipeline expansion. A few examples of the most recent polls conducted in Canada (Note: these are not "hand-picked" either, but show a general trend of consensus across the country):
But lets put the microsample polling aside for now. Several First Nations, organizations and governments have voiced their support for the Trans Mountain pipeline expansion. Here's as many as we could find: