In Canada, the energy sector has long been an important contributor the economy. Across the country, Canadians have developed innovation and expertise that have positioned Canada as a world leader in energy production. Now, as Canada seeks to achieve net-zero by 2050, the energy sector is undergoing a transition and Canada is yet again leading the way to a cleaner future of the energy industry worldwide.
This transition is creating opportunities for investment in clean growth, and international companies are taking notice. Canada’s abundance of resources and extensive trade agreements are major advantages for companies to create a strong supply chain. With the world’s most educated workforce and strong public and private partnerships, Canada is among the most desirable country for investment in clean growth of the energy sector.
A snapshot of Canada’s energy sector:
1. Canada is the world’s fourth largest natural gas producer and home to the world’s largest oil reserves open to private investment;
2. Canada has one of the world’s cleanest electricity grids;
3. Newfoundland and Labrador’s offshore projects are already among the lowest carbon intensity emitting oilfields in the world.
Canada’s advantages in the energy industry are attracting global companies to invest in clean growth in Canada, helping to accelerate the transition to a cleaner future.
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