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How Canada Can Make a Global Difference
Canadians for Canada’s Future
3
The Basics of Canadian Energy
3
Global Crude Oil Reserves by Country
Source: BP Statistical Review 2019 & AER 20193
Top 10 World Crude Oil Producers in 2018
5 Source: BP Statistical Review 2019, CAPP Energy Outlook June 2019
2025: 5.47 mmbbl/d
Top 10 World Natural Gas Producers in 2018
0 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
6
Economic Impact of the Energy Sector (2017‐2027e)
7 Source: CERI 2017 – estimated GDP impact from 2017 – 2027e
Energy Jobs Across Canada
Source: Prism Economics and Statistics Canada, 2017, direct & in‐direct employment7
Crown Revenues from the Canadian Energy Sector
9 Source: CAPP, Statistics Canada
Global Energy Outlook
10
World Energy Mix – 2016‐2040
11 Source: IEA World Energy Outlook 2018, New Policies Scenario
First World: Energy = Convenience Third World: Energy = Life
12
Energy Scarcity
Energy Abundance
Need for Energy
Human Development – Fueled by Energy
13
Energy is Required to Improve Global Living Conditions
Example Countries
GroupPopulation
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
14 Source: IEA World Energy Outlook 2018
Why Canadian Energy?
15
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%
Technology and Innovation
17
21% improvement in per barrel emissions intensity in the oil sands since 2009
Source: COSIA 2018
LNG for the world
18
Canadian LNG Facilities Can Help Canada Achieve National Emissions Targets and Global Emissions Reductions
Source: CAPP, Government of Canada
Realizing the Potential
19
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
Canadian Oil Egress – Proposed Projects
21
CANCELLED
DELAYED 5+ YR
CANCELLED
DELAYED 2+ YR
Source: Financial Post map
LNG Market Access
22
Indigenous Prosperity
20
Why the Energy Industry Matters to B.C.
24 Source: CAPP, Statistics Canada, 51,000 jobs includes direct & indirect
25
● 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
Thank You!