How much do oil and gas contribute to the Canadian economy?

Ever wonder how much oil and natural gas contribute to the Canadian economy?

Using data from the Canadian Energy Research Institute (CERI), the Canadian Association of Petroleum Producers (CAPP) has quantified the economic benefits of these commodities—benefits that reach far beyond the areas of development and production.

For instance did you know the oil and natural gas industries account for more than 450,000 direct and indirect jobs across Canada?

Or that the province with the highest economic benefits outside of Alberta is British Columbia at $765 billion?

Check out the CAPP website for more information.

We’ll explore the impact to the U.S. economy during our next post on this topic.

Persistent low oil prices would hamper Canada’s economy

Economic growth would be slowed by 23% through 2021, says CERI study

In the news: Is Canada being left behind?

Two interesting stories in the media this week you may be interested in.

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