How Canada Can Make a Global Difference
Canadians for Canada’s Future 3
The Basics of Canadian Energy 3
Global Crude Oil Reserves by Country 3 Source: BP Statistical Review 2019 & AER 2019
Top 10 World Crude Oil Producers in 2018 2025: 5.47 mmbbl/d 5 Source: BP Statistical Review 2019, CAPP Energy Outlook June 2019
Top 10 World Natural Gas Producers in 2018 Trillion Cubic Feet per Year 0 5 10 15 20 25 30 35 US Russian Federation Iran Qatar Resource in place to Canada support Canadian demand for ~300 years China Australia Norway Saudi Arabia Algeria 6 Source: BP Statistical Review 2019 and CAPP
Economic Impact of the Energy Sector (2017 ‐ 2027e) 7 Source: CERI 2017 – estimated GDP impact from 2017 – 2027e
Energy Jobs Across Canada 7 Source: Prism Economics and Statistics Canada, 2017, direct & in ‐ direct employment
Crown Revenues from the Canadian Energy Sector Source: CAPP, Statistics Canada 9
Global Energy Outlook 10
World Energy Mix – 2016 ‐ 2040 11 Source: IEA World Energy Outlook 2018, New Policies Scenario
Need for Energy Energy Abundance Energy Scarcity First World: Energy = Convenience Third World: Energy = Life 12
Human Development – Fueled by Energy Decreasing Living Conditions Canada, USA, China, Turkey, India, Indonesia, Congo, Nigeria, Example Europe, Russia, Philippines Brazil, Mexico Sudan Countries Australia Group 1.4 Billion 2.4 Billion 2.6 Billion 0.9 Billion Population Life 79 Years 76 Years 69 Years 59 Years Expectancy Expected Years of 16 Years 14 Years 11 Years 9 Years Schooling for Children Total Energy Use (boe/person/year) Decreasing Energy Consumption Energy is Required to Improve Global Living Conditions 13 Source: United Nations Human Development Index, World Health Organization and EIA
14 Source: IEA World Energy Outlook 2018
Why Canadian Energy? 15
GHG Emissions in Global Context Country Global Emissions (%) China 24% United States 13% European Union 7% India 7% Russian Federation 4% Japan 3% Canada <1.5% Australia 1% Other 40% 16 Source: Environment and Climate Change Canada, 2018 & World Resources Institute, 2017
Technology and Innovation 21% improvement in per barrel emissions intensity in the oil sands since 2009 17 Source: COSIA 2018
LNG for the world Canadian LNG Facilities Can Help Canada Achieve National Emissions Targets and Global Emissions Reductions 18 Source: CAPP, Government of Canada
Realizing the Potential 19
New Market Access Critical for Canada’s Prosperity 99% of our oil & natural gas goes to a single customer Losing $10 ‐ $15 billion per year in revenues, underscores the need to compete globally and to find new international markets 20 Source: CAPP, NEB, IEA
Canadian Oil Egress – Proposed Projects CANCELLED CANCELLED DELAYED 5+ YR DELAYED 2+ YR 21 Source: Financial Post map
LNG Market Access 22
Indigenous Prosperity 20
Why the Energy Industry Matters to B.C. 24 Source: CAPP, Statistics Canada, 51,000 jobs includes direct & indirect
Creating a Strong Canadian Energy Future Together ● Delivering >500,000 Canadian jobs ● >$40 billion of capital investment annually ● Contributing >$7.5 billion in government revenues annually ● Contributing to a reduction in net global emissions ● Supporting improved quality of life as people in emerging economies gain access to affordable, reliable energy 25
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