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- With policies to meet more stringent targets by 2030, demand will peak by 2025. Under net zero, demand peaks even earlier and will be cut by one-fifth in fewer than 10 years, and by more than 75 per cent by mid-century.
globalnews.ca/news/8271113/canada-oil-demand-forecast-iea-report/
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Mar 7, 2024 · Canadian exports of crude oil and equivalent products also reached a record high in 2023. Steadily rising since 2021, crude oil exports totalled 230.0 million cubic metres, up 3.2% from 2022. As more Canadian crude oil was exported, stocks diminished throughout 2023.
- End-use energy intensity trends by end-use subsector, Global Net-zero scenario. Description: This line chart shows energy intensity trends by end-use subsector in the Global Net-zero scenario from 2021 to 2050 (indexed to 100).
- Kaya identity, or trends in key drivers of GHG emission levels, Global Net-zero scenario. Description: This line chart shows trends in the main drivers of greenhouse gas (GHG emissions), or Kaya identity in the Global Net-zero scenario.
- 2050 GHG emissions, Global Net-zero scenario. Description: Net zero GHG emissions by 2050 means that any remaining emissions across the economy are offset by an equal number of removals.
- Bioenergy demand by type and end-use sector, Global Net-zero scenario. Description: This stacked bar chart shows bioenergy demand in Canada’s four end-use sectors for the Global Net-zero scenario.
- GHG emissions by economic sector, 2021. Description: This square area chart shows the relative share of GHG emissions by economic sector in 2021.
- GHG emissions by province and territory, 2021. Description: This column chart shows GHG emissions by province in 2021.
- Total GHG emissions, all scenarios. Description: This line chart shows total GHG emissions in all three scenarios.
- GHG emissions by economic sector, Global Net-zero Scenario. Description: This stacked column chart shows the evolution of total sectoral GHG emissions in the Global Net-zero Scenario.
Canada’s Energy Future 2023: Energy Supply and Demand Projections to 2050. Canada’s Energy Future series explores how possible energy futures might unfold for Canadians over the long term. Canada’s Energy Future 2023 focuses on the challenge of achieving net-zero greenhouse gas emissions by 2050.
- Global Prices Drive Canadian Oil Exports
- Choosing Where to Invest
- Much More Clean Electricity
The projections come at a particularly lucrative time for the industry; the five largest companies that operate in Canada's oilsands made about $35 billion in profits in 2022. But the models should be a warning for many oil and gas companies, climate experts say, calling into question the future of fossil fuel use and production in Canada. On the o...
The report shows that "we need to be careful, especially where public money is dedicated. We need to ensure that it goes to projects that are going to be competitive in the long term," said Jan Gorski, director of the oil and gas program at the Pembina Institute, an energy think-tank. "And not every project will be competitive. Some of those projec...
The CER's scenarios show electricity use increasing to power all the electric cars, building heating systems and other clean technologies that will replace fossil fuels in the lives of Canadians. And that new electricity will come from cleaner sources — with wind energy growing nearly seven to nine times its current levels by 2050. That's not surpr...
Oct 12, 2023 · The country produces about 4.8 million barrels per day (bpd) of crude and that figure could climb by about 500,000 bpd to about 5.3 million bpd by the end of 2024, according to S&P Global Commodity...
Mar 1, 2024 · In December, primary energy production rose 3.2% year over year, with crude oil (+8.1%) leading the increase. At the same time, secondary energy production increased 2.9% with refined petroleum (+3.1%) gaining the most.
