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Canadians for Canada’s Future
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How Canada Can Make a Global Difference Canadians for Canadas Future - - PowerPoint PPT Presentation
How Canada Can Make a Global Difference Canadians for Canadas Future - - PowerPoint PPT Presentation
How Canada Can Make a Global Difference Canadians for Canadas Future 3 The Basics of Canadian Energy 3 Global Crude Oil Reserves by Country 3 Source: BP Statistical Review 2019 & AER 2019 Top 10 World Crude Oil Producers in 2018 2025: 5.47
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The Basics of Canadian Energy
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Global Crude Oil Reserves by Country
Source: BP Statistical Review 2019 & AER 2019 3
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Top 10 World Crude Oil Producers in 2018
5 Source: BP Statistical Review 2019, CAPP Energy Outlook June 2019
2025: 5.47 mmbbl/d
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Top 10 World Natural Gas Producers in 2018
5 10 15 20 25 30 35
US Russian Federation Iran Qatar Canada China Australia Norway Saudi Arabia Algeria
Trillion Cubic Feet per Year
Source: BP Statistical Review 2019 and CAPP
Resource in place to support Canadian demand for ~300 years
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Economic Impact of the Energy Sector (2017‐2027e)
7 Source: CERI 2017 – estimated GDP impact from 2017 – 2027e
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Energy Jobs Across Canada
Source: Prism Economics and Statistics Canada, 2017, direct & in‐direct employment 7
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Crown Revenues from the Canadian Energy Sector
9 Source: CAPP, Statistics Canada
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Global Energy Outlook
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World Energy Mix – 2016‐2040
11 Source: IEA World Energy Outlook 2018, New Policies Scenario
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First World: Energy = Convenience Third World: Energy = Life
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Energy Scarcity Energy Abundance Need for Energy
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Human Development – Fueled by Energy
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Energy is Required to Improve Global Living Conditions
Example Countries Group Population Life Expectancy Expected Years of Schooling for Children
Decreasing Living Conditions
India, Indonesia, Philippines China, Turkey, Brazil, Mexico Canada, USA, Europe, Russia, Australia Congo, Nigeria, Sudan
1.4 Billion 2.4 Billion 2.6 Billion 0.9 Billion 79 Years 76 Years 69 Years 59 Years 16 Years 14 Years 11 Years 9 Years
Total Energy Use (boe/person/year)
Decreasing Energy Consumption
Source: United Nations Human Development Index, World Health Organization and EIA
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14 Source: IEA World Energy Outlook 2018
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Why Canadian Energy?
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GHG Emissions in Global Context
16 Source: Environment and Climate Change Canada, 2018 & World Resources Institute, 2017
Country Global Emissions (%)
China 24% United States 13% European Union 7% India 7% Russian Federation 4% Japan 3%
Canada <1.5%
Australia 1% Other 40%
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Technology and Innovation
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21% improvement in per barrel emissions intensity in the oil sands since 2009
Source: COSIA 2018
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LNG for the world
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Canadian LNG Facilities Can Help Canada Achieve National Emissions Targets and Global Emissions Reductions
Source: CAPP, Government of Canada
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Realizing the Potential
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20 Source: CAPP, NEB, IEA
99% of our oil & natural gas goes to a single customer Losing $10 ‐$15 billion per year in revenues, underscores the need to compete globally and to find new international markets
New Market Access Critical for Canada’s Prosperity
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Canadian Oil Egress – Proposed Projects
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CANCELLED DELAYED 5+ YR CANCELLED DELAYED 2+ YR
Source: Financial Post map
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LNG Market Access
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Indigenous Prosperity
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Why the Energy Industry Matters to B.C.
24 Source: CAPP, Statistics Canada, 51,000 jobs includes direct & indirect
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- Delivering >500,000 Canadian jobs
- >$40 billion of capital investment
annually
- Contributing >$7.5 billion in
government revenues annually
- Contributing to a reduction in net
global emissions
- Supporting improved quality of life
as people in emerging economies gain access to affordable, reliable energy
Creating a Strong Canadian Energy Future Together
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