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
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