• The industry provides about 522,000 jobs for Canadians across the country, generates $10 billion annually in government revenues through taxes and royalties and $100 billion in GDP annually.
• Canada produces 4.5 million barrels of oil per day (about 3-4% of global production) and we possess the world’s 3rd largest known reserves.
• Natural gas and oil are Canada’s number one export commodity, accounting for 19% of the value of all Canadian exports — outpacing agriculture, automobiles and manufacturing.
• From 2009 to 2018, the oil sands industry reduced greenhouse gas emissions intensity by 20%.
• The oil and natural gas industry is Canada’s largest investor in clean technologies – 75% of the $1.4 billion invested in 2019 was supported by the sector.
• Between 2017-2019, the oil sands industry invested $5.9 billion procuring goods and services from over 275 Indigenous-led companies. The industry is also Canada’s largest employer of Indigenous peoples.
• According to the International Energy Agency (IEA) World Energy Outlook 2020, global demand for both natural gas and oil is set to reach record levels, and these sources of energy will be needed for decades to come. The IEA recognized Canada as a leader in climate action and also projected strong growth in Canadian natural gas and oil production to meet global energy security needs through 2040, an opportunity for Canada’s resources to meet demand in global energy markets.