Canada’s oil and gas sector remains a cornerstoneof the national economy, contributing significantly to GDP and provincial revenues. The industry is
undergoing a transformative shift, with increasing focus on sustainability,
emissions reduction, and clean energy alternatives. With large-scale investments
in carbon capture, renewable natural gas, alternative fuels, and electrification
of operations, there is a growing demand for clean technology solutions. For
cleantech providers, this is a pivotal moment to collaborate on technologies that
help decarbonize Canada’s energy landscape while maintaining its role as a global
energy leader. The oil and gas sector includes extraction, distribution, refining,
and upgrading of oil and gas products.

Oil & Gas represents:

• The world’s fourth-largest producer of oil and the fifth-largest producer of natural gas.
• Canada’s largest source of greenhouse gas emissions: 31% (217 million tonnes CO2 equivalent) of Canada’s total greenhouse gas emissions.
  The world’s fourth-largest producer of oil and the fifth-largest producer of natural gas.
• A major role in Canada’s economy: $71.4 billion annual GDP contribution, equivalent to over 3% of Canada’s total, and $34 billion in provincial royalties.
• Significant water consumption: Production methods are highly water-intensive, with oil sands production requiring 0.4–0.6 barrels of water per barrel of oil and mining operations using 2–4 barrels of water per barrel of oil.

Click here for a comprehensive overview of the sector