Pages tagged "Topic: Economy"
6 Reasons Why the Natural Resources Sector is Critical for Canadian Prosperity
Just how important is Canada’s natural resource sector to the prosperity of Canadians? Very, very important, to say the least, even for those who may not work in the sector directly (see more below). But don’t take our word for it. Here are several recent statistics showing e...
The Oil & Gas Emissions Cap is a Cap on Canadian and Indigenous Prosperity
Key Points Capping oil and gas emissions likely means a cap on production, resulting in: • Significantly reduced government revenues, funds used to pay for public programs, infrastructure and jobs • New barriers to Indigenous economic reconciliation via responsible resource de...
The “Trickle-Down” Effect of Canadian Oil & Gas
Canada Day has come and gone and it is evident how much Canadians love our country. Despite our regional differences, there seems to be a general understanding that all provinces and territories are connected, and when one province is doing well, the others are also. Recently...
Oil & Gas Emissions Cap to Cost Canadian Economy Up to $79 Billion Annually, Benefit Other Producers: REPORT
Is an emissions cap on oil and gas in Canada good for our families and the global environment? According to a new report by the Montreal Economic Institute (MEI), implementing an emissions cap on an already highly regulated sector will cause significant economic pain for Cana...
Canada Already Has a Windfall Tax on Oil & Gas, Let's Have an Informed Conversation.
Canada already has a working "windfall tax" on oil and gas companies. It’s called a scaling royalty system, so let's have an informed discussion about our world-class energy producers. Despite the overwhelming treasure trove of evidence and analyses showing how a windfall tax...
Energy Sector to Generate $112 Billion for Canadian Governments in 2022-2023: REPORT
A new report by RBC Capital Markets estimates a significant financial windfall for Canadian governments through our local oil and gas industry in an era of now-higher commodity prices and improved profitability.Released in July, RBC's report (1) estimates these revenue stream...
Increasing Energy Exports is Canada’s Best Response to Rising Living Costs
If you have noticed rising costs at the grocery store, gas pump, your favourite restaurants or anywhere else in your daily life, you are not alone. Today, much of the world is struggling with supply shortages and increased living costs associated with the technical term “infl...
10+ Examples of Global Oil & Gas Investment in 2022 & Beyond
Does the world need more oil and gas in 2022 and beyond? If you've read any of our previous posts related to the global energy supply crunch and dire warnings of underinvestment in the oil and gas sector, you probably know the answer is a big YES. The most plausible projectio...
More Canadian Oil Is Good for Our Families & the Global Environment
As the world's third-largest reserve holder and fourth-largest producer and exporter, Canada's reliance on foreign oil is shockingly significant. Between 1988 and 2020, Canada imported approximately $488 billion of foreign oil. According to Statistics Canada, we've imported o...
Canada Needs a Resource Recovery in 2021 and Beyond
Last year was for the record books, and not in a good way. Canada – and most of the world, for that matter – grappled with the fallout from COVID-19 in varying degrees since the beginning of 2020. Such a year can only be described as catastrophic for millions of Canadians fro...