The Facts

The oil and gas sector’s contribution to Canada’s economy in a “slump” year

The oil and gas sector’s contribution to Canada’s economy in a “slump” year

The broad oil and gas sector¹ has been and continues to be a significant contributor to Canada’s economy. Compared to the narrower direct oil and gas extraction sector, which comprised about 2.2 per cent  of GDP in 2016, the broad oil and gas sector includes both the direct and indirect impacts of oil and gas extraction and oil and gas investment on the economy. Even with the energy price decrease as of 2016, the broad energy sector’s contribution (direct and indirect) amounted to 5.4 per cent to Canada’s total GDP.
Commentary: Informed opinions on the future of oil versus uninformed agendas

Commentary: Informed opinions on the future of oil versus uninformed agendas

When forecasting future oil consumption around the world, many people have opinions and agendas, but forecasts rooted in facts and technological capabilities are rarer.
Le Canada est une super-puissance pétrolière qui en a importé pour près de 500 milliards $ depuis 31 ans

Le Canada est une super-puissance pétrolière qui en a importé pour près de 500 milliards $ depuis 31 ans

Il est probable que la plupart des citoyens ne savent pas d’où provient le pétrole qu’ils utilisent quotidiennement. Nous avons examiné les données de Statistique Canada pour en savoir plus. Une première découverte : le Canada a importé pour 477 milliards $ de pétrole étranger sur une période de 31 ans, entre 1988 et 2019, soit 587 milliards $ de 2020. Étonnant, tout de même, pour un pays possédant les troisièmes réserves mondiales.
Canada’s ports and energy imports and exports: International comparisons

Canada’s ports and energy imports and exports: International comparisons

Canada’s seaports are key to moving goods and people via logistical supply chains extending to seaports in more than 170 countries and territories throughout the world. They are critical hubs in the nation’s economy, bringing Canada’s goods, including oil, natural gas and fuels, to key markets in the United States, China, Japan, and South Korea, among other countries.
LISTEN: CEC’s Mark Milke on how much foreign oil Canada imports

LISTEN: CEC’s Mark Milke on how much foreign oil Canada imports

Canadian Energy Centre director of research Mark Milke was on the Danielle Smith show to discuss Canada’s ongoing use of foreign oil imports, despite boasting the third largest oil reserves on the planet.
Commentary: Canada is an energy superpower — which imports nearly half a trillion dollars in foreign oil

Commentary: Canada is an energy superpower — which imports nearly half a trillion dollars in foreign oil

Canada is one of the world’s top oil producers with the third-largest proven reserve on the planet. Despite that, Canadians may find it surprising that the country imported nearly 241 million barrels of oil in 2019, with a value of nearly $19 billion. 
Foreign oil imports to Canada: $477 billion between 1988 and 2019

Foreign oil imports to Canada: $477 billion between 1988 and 2019

Despite Canada’s position as one of the world’s top oil producers, with the third-largest oil reserves, crude oil imports into Canada have become a significant part of the country’s energy mix, particularly since 2000.
Importations de pétrole étranger au Canada : 477 milliards de dollars entre 1988 et 2019

Importations de pétrole étranger au Canada : 477 milliards de dollars entre 1988 et 2019

Dans cette fiche d’information (une version PDF peut être téléchargée ici), nous avons utilisé les renseignements de la Base de données sur le commerce international canadien de Statistique Canada pour suivre les flux d’importation de pétrole (c.-à-d. l’huile de pétrole, les huiles obtenues à partir des matériaux bitumineux, le pétrole brut) au Canada entre 1988 et 2019. Ensuite, nous avons analysé la source de ces importations par pays avant de faire une ventilation des importations de pétrole par province et une ventilation des chiffres de 2010 à 2019. Puis, nous avons comparé la valeur des importations de pétrole brut à d’autres importations pour donner un sens aux quantités importantes de pétrole brut¹.
Commentary: Weak oil and gas investment still plagues Canada

Commentary: Weak oil and gas investment still plagues Canada

Over the past decade, one oft-heard claim is that oil and gas is a ‘sunset’ industry, where investment in Canada can be expected to decline given a worldwide flight from oil and investment.
Comparing investment in the oil and gas sector: Canada vs. the world

Comparing investment in the oil and gas sector: Canada vs. the world

In this CEC Fact Sheet (which can be downloaded here as a pdf), we examine trends in oil and gas investment in Canada and other regions around the world.¹ We do so for two reasons. The first is to discover if investment in Canadian oil and gas has followed worldwide trends or departed from them, and if so, where and in what magnitudes. The second reason to examine oil and gas investment trends is that one oft-heard claim is that oil and gas is a “sunset” industry, where investment in Canada can be expected to decline given worldwide secular trends, i.e., a flight from oil and gas to other forms of investment.