CANADA HAS THE THIRD-LARGEST OIL RESERVES IN THE WORLD
166 BILLION BARRELS
Canada has 172 billion barrels of oil that can be recovered economically with today's technology. Of Canada's 172 billion barrels of oil, 166 billion barrels are located in the oil sands.
Global demand for energy is expected to increase 37% by 2040 as economies in both developed and emerging counties continue to grow and standards of living improve.
All sources of energy, developed responsibly, will be needed to meet growth in global demand. With conventional oil supply declining, the need for unconventional resources is increasing.
Canada used 25.3% less energy per dollar of GPD in 2013 than 1990.
KEY FACTS AND FIGURES ON THE NATURAL RESOURCES SECTOR IN CANADA
1.77 Million Jobs
In 2015 natural resources directly and indirectly accounted for 1.77 million jobs in Canada.
17% of GDP
Canada's natural resource sector accounted for 17% of nominal GDP in 2015.
$107 Billion in Capital Expenditures
In 2015, natural resource companies invested $107 billion, representing over 40% of total non-resident capital investment in Canada.
$598 Billion in Major Energy Projects
There are over 400 major resource projects under construction or planned over the next 10 years in Canada, worth over $691 billion in investment of which $598 billion are energy specific.
$27 Billion a year revenue contributions
Amount governments have derived annually on average from the natural resources sector (2010-2014)
$231 Billion in Exports
Canada's natural resource exports were valued at $231 billion in 2015. Main export destinations: USA, United Kingdom and China.
Sources: Canadian Natural Resources Canada - www.nacre.gc.ca, International Energy Agency (IEA) - www.iea.org
Salida Energy is a proud Canadian company and we wish to inform visitors to the following strengths about Canada's Natural Resource sector.