21,000 jobs, $890 million in taxes and about $2.5 billion in annual GDP
There’s been a big step forward for a major proposed Canadian liquefied natural gas (LNG) project that’s seen as an opportunity for economic reconciliation with Indigenous communities and help to reduce global greenhouse gas emissions. Partners in the Ksi Lisims LNG project, including the Nisga’a Nation, have applied for a 40-year LNG export licence and…
Oil sands companies spent a record $2.4 billion with 275 Indigenous businesses in 2019
Canadian oil sands producer Imperial Oil says it has signed two of its largest-ever contracts with Indigenous businesses. Two joint ventures – one with the Fort McKay First Nation and another with the Mikisew Cree First Nation – will provide Imperial large-scale earthwork, land reclamation, and mining support services at its Kearl oil sands mine…
There are 2,449 coal-fired plants operating worldwide, 189 under construction and 292 planned
Coal use around the world is rising in what the head of the International Energy Agency (IEA) calls “a sobering reality check” for targets to reduce emissions. Against that backdrop, global demand for liquefied natural gas (LNG) is soaring, in part because it can help displace coal power and reduce emissions by half – or…
Canadian LNG exports are expected to replace coal power, primarily for growing markets in Asia
In the world’s race for cleaner energy to reduce greenhouse gas emissions, liquefied natural gas (LNG) from Canada has an advantage. To start with, it comes with a smaller footprint – the lowest emissions intensity of LNG projects in the world. But why? Canada leads among countries able to export natural gas to displace coal,…
Could become a new large-scale industry for Canada while reducing our environmental footprint
Canada’s largest oil sands producers are “in full-scale development mode” on a major joint project designed to significantly reduce greenhouse gas emissions and propel the sector down the path to net-zero. The companies have planned one of the world's largest carbon capture and storage (CCS) projects. It’s a key piece of what could become a…
Natural gas is an absolutely critical part of any clean energy mix
The future looks brighter for Canada’s emerging liquefied natural gas (LNG) industry. A second project, Woodfibre LNG, has received the green light and a major expansion is being considered for the under-construction LNG Canada plant. It’s no surprise given the red-hot global market for LNG. Last year, LNG prices increased by 435 per cent compared…
The sector will be critical to Canada, and the world, for decades to come
The idea of the need for a “just transition” for Canadian oil and gas workers is based on the false narrative that global demand is now decreasing and, therefore, Canada’s industry will no longer be profitable or essential in the very near future. This is not true. Oil and gas will continue to be critical…
Already a steady supplier and can grow significantly if major projects get the go-ahead
Europe needs new suppliers to get off Russian oil and maintain energy security in the long term. Newfoundland and Labrador’s offshore oil industry is already a steady supplier and can grow significantly if major projects get the go-ahead. “We have the potential certainly to be producing more,” says Paul Barnes, Atlantic Canada and Arctic director…
U.S. Sen. Manchin says North America best positioned to help the world with energy security
U.S. Democratic Senator Joe Manchin wants to build a North American energy alliance with Canada and Alberta. The former governor of West Virginia and chair of the Senate Committee on Energy and Natural Resources ended an April visit to the Alberta oil sands with a commitment to raise the profile of Canada’s resources in Washington,…
More than triple the next-highest industry on the list, mining and quarrying
The latest numbers show how much businesses in Canada spend on environmental protection, and it’s another year with the oil and gas sector way ahead of the pack. Statistics Canada reports that oil and gas producers spent $3.1 billion on environmental protection in 2019, the highest of all 20 industries in the annual survey. The…