Alberta oil and gas hugely important to Ontario economy
$2.1B in salaries and wages were generated as the result of oil and gas spending in 2017
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Author: Lennie Kaplan
Atlantic Canada missing out on potential oil and gas boom
At more than $11 billion in direct spending in 2017 alone, the energy sector has a big impact in the Atlantic provinces
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Oil and gas extraction sector contributes $53B to federal finances
Alberta’s resource extraction is significant, and much of its revenues (as well as other economic activity and taxes) end up in provinces such as Quebec via federal transfers
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Canada missing out on $1.2-trillion EU natural gas market
According to Natural Resources Canada, at the end of 2018 Canada had 73 trillion cubic feet (tcf) of proven natural gas reserves
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Europe remains dependent on imported oil from repressive states
Its policies on renewable energy mean that dependence will only deepen
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