From Europe to Africa to Asia, demand for oil and natural gas is soaring, pushing crude oil and natural gas prices to levels not seen since the middle of the last decade. As a result, Canada’s crude oil and natural gas exports have increased; between July and September 2021, Canada exported $31.9 billion of oil and natural gas, primarily to the United States, a rise of $6.1 billion or 19 per cent from the same period in 2019.
Canadian Energy Centre Executive Director of Operations Mike Simpson joined Taking Care of Business host Mario Toneguzzi to discuss new research that found Canada’s oil sector has made significant progress in producing a cleaner barrel of oil.
There has been lots of talk about Canada’s so-called “Just Transition,” but so far little comprehensive analysis of its impact on the national economy and workforce. One of the most controversial elements of the “Just Transition” are calls by some for a shutdown of Canada’s oil and gas industry to curb the country’s 1.6 percent contribution to global GHG emissions.
Canadian Energy Centre Executive Director of Operations Mike Simpson joined Business Insider host Mario Toneguzzi to discuss the contribution of the oil and gas sector to Canada’s economy.
British Columbia has been producing oil and natural gas since 1952. In fact, as of 2018, B.C. produced 32 percent of Canada’s natural gas and two percent of Canada’s conventional oil. British Columbia collects royalties from oil and gas development, supporting economic prosperity in the province.