Supply and production
1. Canada has the third largest oil reserves in the world—after Venezuela and Saudi Arabia.
2. Canada is the 5th largest producer of natural gas in the world.
3. Canada is the 6th largest producer of crude oil in the world.
Markets and demand
11. Almost one billion people in the world still do not have access to electricity.
16. China’s demand for natural gas is expected to increase more than 200 percent by 2040.
17. Between 2016 and 2017, Chinese imports of LNG rose by 46%.
Economy
21. One new LNG terminal on B.C.’s West Coast would support the creation of 20,000 jobs a year.
23. Canada’s oil and natural gas industry pays an average of $8 billion a year in taxes.
24. Canada’s oil and natural gas industry has an $108 billion direct GDP impact on the Canadian economy.
25. For every job created in the oil sands industry, 2.5 jobs are created elsewhere in the country.
Safety and Transportation
30. All oil tankers operating in Canadian waters are double-hulled to reduce the chances of a spill.
31. There have been zero major maritime oil spills in Canadian waters since 2000.
32. Canada’s transmission pipelines have a 99.999% safety record over a decade.
Environment and Innovation
37. Of the top 10 oil exporting nations, only Canada has a price on carbon.
Indigenous and Community
47. Oil sands companies spent $3.3 billion on procurement from Indigenous owned companies in 2015-2016.
49. In 2015 and 2016 total funding for community investment in the oil sands was $48.6 million.
50. In 2015 and 2016, 399 Indigenous businesses had direct business with oil sands producers.