As Canadians, we are the owners of natural resources that make it possible for us to enjoy one of the highest qualities of life in the world. The energy industry plays a critical role by providing the funding needed to keep the lights on at our schools and businesses, supplying hospitals with life-saving equipment, funding essential public services and building thriving communities.
In 2015, the energy sector invested $48 billion of capital into the Canadian economy. Over the next 25 years, the oil sands alone could pay $1.5 trillion in taxes, meaning the creation of thousands of jobs for Canadians, economic prosperity across the country, and better infrastructure throughout our communities.
- Lower unemployment, economic stability and improved infrastructure are all possible with continued investment by Canada’s oil and gas industry.
- In 2015, the energy sector invested $48 billion of capital into the Canadian economy.
- In the next 25 years, the oil sands could pay $1.5 trillion in taxes to Canadian governments, granting Canadians in all provinces economic prosperity.
Sources: CAPP, CERI