Oil, natural gas, and other fossil fuel products dominate Canadian energy exports—and will continue to do so for the foreseeable future.
energy exports
Energy alone supplied 27 per cent of Canada’s merchandise exports—and 23 per cent of total exports—last year.
Within the energy basket, oil is by far the largest earner.
Biden’s climate plan aims to wean the U.S. off of fossil fuels.
Alberta has run nearly uninterrupted deficits since 2008/09.
The oil price and volume of production drive the Alberta and Saskatchewan crude oil royalty formulas.
British Columbia’s natural gas resources are substantial and the international market for liquefied natural gas is growing.
The expansion of the Trans Mountain pipeline will add an additional 590 thousand barrels per day of capacity.
The president-elect's position on the Keystone XL pipeline may be problematic.
Canadian natural gas, sold to markets in India and Asia, could displace some of their need to generate power with coal.