Investment is forecasted at $40 billion in 2023 along with the investments in research and development which focuses on reducing greenhouse gas emissions. Investment is spread across much of Canada with $7.2 billion in British Columbia to $1.3 billion in Newfoundland and Labrador.
A study by iTOTEM Analytics found the important role Indigenous-affiliated businesses played in supporting the province’s supply chain and economy. Highlights include $540 million in spending with Indigenous-affiliated businesses, which increased 148% from 2018 to 2021.
Oil and gas investment in Canada is growing, creating jobs and prosperity for all Canadians.
iTotem research shows that B.C.’s natural gas and oil industry creates jobs and economic growth in all regions of the province through its supply chain
Liquefied natural gas is needed to meet the world’s energy needs and Canada has an important opportunity. Learn more with this 101 infographic.
Canada and Russia are oil and natural gas exporting nations: Canada must step forward to help provide energy security for our allies and the world.