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      • Higher crude oil and mineral prices combined to drive up the value of Canada's natural resource assets in 2021. Overall, the dollar value of selected natural resource reserves totalled $1,444 billion in 2021, a 149% increase from 2020. This increase came following a 30% decline the previous year during the COVID -1 9 pandemic.
      www150.statcan.gc.ca/n1/daily-quotidien/221114/dq221114d-eng.htm

      Canada's natural resource wealth, 2021 (preliminary data)

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  3. www150.statcan.gc.ca › n1 › daily-quotidienCanada's natural resource wealth, 2021 (preliminary data)

    Nov 14, 2022 · Higher crude oil and mineral prices combined to drive up the value of Canada's natural resource assets in 2021. Overall, the dollar value of selected natural resource reserves totalled $1,444 billion in 2021, a 149% increase from 2020.

  4. www150.statcan.gc.ca › n1 › daily-quotidienThe Daily — Oil and gas extraction, 2021 - Statistics Canada

    Sep 27, 2022 · In 2021, Canada's oil and gas extraction companies reported total assets of $452.9 billion, up 2.6% from 2020. Total capital assets increased 1.2% in 2021 to $380.0 billion as the industry reversed the write-offs incurred in 2020.

  5. www150.statcan.gc.ca › n1 › pubThe oil and gas sector in Canada: A year after the start of ...

    • Crude oil price. The price of crude oil is the most important factor that drives production and investment in the oil and gas extraction sector. Chart 1 presents movements in two of the most relevant crude oil prices for Canada, the WTI and the Western Canadian Select (WCS) from January 2019 to February 2021.
    • Production and employment. Chart 2 presents monthly production and employment in the oil and gas extraction industry and in all industries as a whole from January 2019 to April 2021.
    • Crude oil and merchandise exports. The global value chain and, therefore, merchandise exports have been greatly affected by the pandemic because of declining demand.
    • Capital expenditures. Capital expenditures in oil and gas extraction are highly related to crude oil price. Lower oil prices will drive down the profit level of oil and gas extraction and ultimately discourage investment in the industry, and this will affect its production capacity in the long term.

  6. www.cer-rec.gc.ca › en › data-analysisMarket Snapshot: Historical Trends in Canadian Oil and Gas ...

    Nov 23, 2022 · Investments in Canadian oil and gas are rising from their 2020 lows due to higher prices. But other factors are becoming more important for the industry, such as environmental, social, and governance (ESG 1) considerations and net-zero emissions policies.

  7. www.cbc.ca › news › businessAfter a turbulent year, Canada's energy industry braces for ...

    • Vaccines and Economic Recovery
    • More Consolidation
    • Emissions Plans
    • Clouds Over Keystone XL
    • Preparing For The Energy Future

    The spread of COVID-19 around the world this year squashed fuel demand, taking crude oil prices down with it. Those prices eventurned negativeat one point. Canada's oilpatch slashed jobs and spending. Market watchers expect vaccines will help air and automobile travel pick up again, lifting oil demand, but when and how much remain topics of debate....

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    The $3.8-billion merger of two key players in the Canadian oil and gas business — Husky Energy and Cenovus Energy— was among the big surprises of 2020. The Canadian oil and gas sector is unlikely to see another merger of such size in 2021, but analysts believe consolidation will continue in the months ahead. "There's a lot of small operators with g...

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    The federal Liberal government recently laid out plans for cutting greenhouse gas emissions, and debate overthe strategy is sure to continue well into 2021. The centrepiece of the policy is a gradual increase in the federal carbon tax on fuels, which means pump prices, for example, will rise by more than 37 cents a litre by 2030. Rebates will be us...

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    The long-running saga surrounding Keystone XL could come to a head in 2021. The pipeline project, which aims to get more Alberta crude to Gulf Coast refineries in the U.S., has long faced environmental opposition. Soon, it will face an unfriendly White House, too. President-elect Joe Biden has called it "tarsands that we don't need," with environme...

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    Expect to hear more talk from policy-makers and executives about preparing for the energy future, whether that's innovation in the oil industry, geothermal technology or hydrogen development. "I think this is the year that companies can really set the course for where they want to go over the next decade, and maybe the next two or three decades," s...

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  8. natural-resources.canada.ca › sites › nrcanENERGY FACT BOOK - natural-resources.canada.ca

    SPOTLIGHT: OIL AND GAS. GHG emissions from oil and gas production have gone up 25% between 2000 and 2019, largely from increased oil sands production, particularly in situ extraction. During this period, oil sands production emissions more than tripled while conventional oil and natural gas emissions decreased by 14%.

  9. natural-resources.canada.ca › transparency2021–22 Departmental Results Report - Canada

    In the midst of the economic fluctuations and uncertainties in 2021-22, NRCan continued to deliver results for Canadians while supporting ongoing stabilization and economic recovery in Canada’s natural resource sectors.