Speaking frankly, it is extremely difficult to fathom just how much a “billion dollars” is. For example, we often hear about the “billions” that our natural resource sectors generate for Canadians, but for 99.9% of us, without tangible comparisons, conceptualizing this amount of money is next to...
This blog has been edited due to Bill C-59 Key Points • Natural declines in oil & gas fields mean significant volumes of new supply need to be brought online every year to keep up with global energy demand • The world still gets more than 80 per cent of its energy from fossil fuels, despite t...
This blog has been edited due to Bill C-59 A new report by the Canadian Chamber of Commerce shows how important the conventional oil and natural gas sector is to Canada’s economy, generating tens of billions of dollars in economic activity and providing hundreds of thousands of jobs for families...
This blog has been edited due to Bill C-59 As electric vehicles (EVs) charge down the road to becoming more popular, many assume EVs will let us leave large amounts of our oil consumption in the rearview mirror. Yet, contrary to common belief, the latest findings reveal that the increasing popul...
This blog has been edited due to Bill C-59 The federal government has said it will lend capital to Indigenous communities through the Canada Infrastructure Bank (CIB) to purchase equity shares in infrastructure projects. However, the CIB is only mandated by Ottawa to invest in broadband, renewab...
This blog has been edited due to Bill C-59 Once upon a time in 1858, James Miller Williams, a carriage maker from Hamilton, Ontario, embarked on a quest drilling for water only to unearth a treasure far greater – a substance known as “black gold.” His surprise oil discovery marked North America’...
This blog has been edited due to Bill C-59 The world will need all forms of energy to accompany a global population of roughly 9.7 billion by 2050 ExxonMobil’s latest annual energy outlook sheds light on what it believes the world will look like in 2050. With billions more people, more prosperi...
This blog has been edited due to Bill C-59 When the last global pandemic spread worldwide, people everywhere bunkered down at home to ride out the virus. The use of petroleum products dropped drastically as a result, with global oil consumption bottoming out at about 70% of pre-pandemic levels i...
Did you know Canada was the world's sixth-largest sulphur producer in 2021 [4]? Although sulphur isn't known for its pleasant smell, the non-metallic chemical element is incredibly useful in our day-to-day lives. Sulphur production began in Canada primarily as a byproduct of oil and gas extract...
If Canada put its pedal to the metal, it could displace up to 59% of Russian natural gas exports and up to 46% of its oil sales over the next decade says a new report by SecondStreet.org. The survey comes when Europe – Russia’s largest oil and gas export destination – and other nations abroad ar...