Alberta is the heart of Canada’s oil and natural gas industry. Wild rose country is home to the third-largest deposits of oil in the world, and more than 400 trillion cubic feet of natural gas. That’s enough to heat all of Canada’s gas-heated homes for more than 800 years.
A healthy energy sector means a healthy provincial economy. Canada’s oil and natural gas sector has been a benefit to Alberta’s economy since the first natural gas well was drilled in 1883 near Medicine Hat. As the industry grew, so did opportunities for Albertans and the pioneering Canadians who moved to Alberta.
That long history of shared benefits continues today. The industry contributed $9.1 billion in resource revenues to the province between 2014 and 2015. That’s almost 20 per cent of total government revenues. That money pays for health care, education and infrastructure. The industry also supports a diverse range of business and job opportunities. More than 315,000 Albertans work in related jobs, like instrumentation technology and catering services. There’s no doubt about it, Canada’s oil and natural gas sector helps grow a healthier economy for Albertan families.
- A healthy energy sector means a healthy economy for Alberta.
- Canada’s oil and natural gas sector provides 20 per cent of the Alberta government’s revenues. That’s money for health care, education and infrastructure.
- Canada’s oil and natural gas sector creates jobs for more than 315,000 Albertans.