Canada s Energy Sector

Transcription

1 Canada s Energy Sector September, 2018

2 Context Key Points þ Canada has vast and diverse energy assets; not only does it have strong resources, but it boasts an advanced innovation system and robust energy efficiency standards. Through the ingenuity and hard work of Canadians, the energy sector provides a major source of economic activity. þ This has given rise to an industry which is the largest investor in Canada, and produces its number one export. It is a creator of jobs, an inventor of technology, and our competitive advantage on the world stage. þ The energy sector is an engine for inclusive growth. Energy companies are leading partners with Indigenous communities. Development also takes place in remote and rural communities and is central to their economic prosperity. þ A fully integrated North American energy system supports one of the largest trade relationships in the world, as well as continental energy security.

3 CONTEXT Canada is a global energy leader with world-class assets and expertise Renewables (e.g. wind, solar) 9 th in wind power capacity 10-fold growth in solar capacity since th in liquid biofuels Nuclear 2 nd in uranium production Tier 1 Nuclear Nation Own nuclear reactor technology (CANDU) Hydro 2nd largest hydro producer 59% of Canadian electricity Crude oil 4th largest producer 3rd largest proved reserves Natural gas 4th largest producer $7B net exports Energy efficiency Saved Canadians $38B in energy costs Avoided 95 Mt of GHG emissions Energy innovation $2.2B invested in energy RD&D 56,000 employed in clean energy

4 Vision An affordable, stable and environmentally-sound energy system providing the greatest benefit for all Canadians CANADIAN ENERGY SNAPSHOT Source: Natural Resources Canada

5 contributing to jobs and economic growth across the country GDP: 24% Jobs: 147k 14 ENERGY PRODUCTION BY JURISDICTION (1000s PJ) 12 About 16,700 Indigenous peoples are employed in the energy sector 10 Energy provides strong employment opportunities in over 1,000 communities, including in remote and northern regions 8 6 GDP: 5% Jobs: 22k 4 GDP: 18% Jobs: 18k GDP: 2% Jobs: 43k GDP: 5% Jobs: 6k 2 GDP: 4% Jobs: 28k GDP: 4% Jobs: 8k GDP: 22% Jobs: 5k GDP: 2% Jobs: 1k 0 B.C. Alta. Crude oil & NGLs Sask. Natural gas Man. Coal Ont. Hydro Que. Maritimes Other renewables Nuclear N.L. TERR

6 Generating Capacity (Canada & US, 2017) Canada United States Wind 8.35% Solar/Tidal 1.43% Conventional Steam Turbine 14.49% Nuclear 9.78% Combustion Turbine 8.66% Internal Combustion Turbine 0.94% Wind 6.97% Nuclear 8.90% Solar 1.88% Hydro 8.58% Biomass 1.36% Geothermal 0.32% Other 0.42% Coal 24.67% Petroleum 3.35% Hydro 56.36% Natural Gas 43.54% Generating Capacity GW Generating Capacity 1, GW Data Source: U.S. Data from Energy Information Administration, 2016; Canada Data from StastCan,CANSIM Table Data Retrieved: May 2018; Visual Created by the Canadian Electricity Association

7 Vision An affordable, stable and environmentally-sound energy system providing the greatest benefit for all Canadians Global Share of Greenhouse Gas Emissions Canada is < 2% China s share has increased significantly US and EU emissions have declined steadily Canada s share is 1.6% Down a bit recently

8 CONTEXT CONTEXT Energy is a major source of economic activity in Canada 11% $18B in annual government revenues of Canada s GDP* (7% direct) 900,000 jobs across Canada* (276,000 direct) * Direct and indirect contribution $175B 33% of capital expenditure ($75B) 21% of exports ($113B) spent on energy by businesses and consumers

9 CONTEXT and is part of a fully integrated North American energy system 34 major Can-US power transmission interconnections Crude oil Refined Petroleum Products 3,320 Mbbl/d 602 Mbbl/d 5.4 MtU 8.2 Bcf/d 72.1 TWh Uranium Natural gas Electricity 324 Mbbl/d 1,062 Mbbl/d 4.6 Bcf/d 516 Mbbl/d 2.3 TWh 2.5 Bcf/d 12.2 TWh 70+ Can-US pipeline connections 582 Mbbl/d 74 Mbbl/d Source: North American Cooperation on Energy Information, based on data from Statistics Canada, NEB, EIA and SENER (2017) 1 TWh Shared programs, common standards, and aligned regulations create market certainty for businesses and increase consumer choice Alignment across policy (e.g., energy efficiency)

10 WHAT WE CAN KEEP DOING TOGETHER 1. Removing barriers to energy development by ensuring that there are no unnecessary tariffs on energy trade; 2. Building and strengthening energy security by ensuring affordable, reliable, and abundant access to energy supply; 3. Enabling the development of cross-border energy infrastructure by improving transparency, and streamlining administrative and permitting processes; 4. Enhancing cooperation on energy regulations to facilitate the flow of goods and workers across the border; and 5. Advancing clean energy and innovation through greater collaboration that will accelerate the development of these technologies.

11 Vision An affordable, stable and environmentally-sound energy system providing the greatest benefit for all Canadians Jacob Irving President Président 805B 350 rue Sparks Street Ottawa ON, K1R 7S8 T xt 601 F C