Home > United Nations Online Network in Public Administration and Finance (UNPAN)
1. Global
Global
2. Africa
Africa
3. Arab States
Arab States
4. Asia & Pacific
Asia & Pacific
5. Europe
Europe
6. Latin America & Caribbean
Latin America & Caribbean
7. North America
North America
UNPAN North America
Public Administration News  
Share
Canada to Be Energy "Superproducer": Think-tank
Source: English.news.cn
Source Date: Friday, March 15, 2013
Focus: Public Administration Schools, Thematic Website, Institution and HR Management
Country: Canada
Created: Mar 18, 2013

VANCOUVER, March 14 (Xinhua) -- Canada will soon become one of the world's largest exporters of energy products and gain significant economic benefits from it, according to a study released Thursday.

The research, conducted by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank, said Canada was not striving to be an energy superpower but that was clearly where it was headed.

The study found Canada currently ranks sixth in the world in oil production, just behind Russia, Saudi Arabia, the United States, China, and Iran. But, with planned new investment in oil sands fields and shale formations, Canada could become the fourth or even third in the world.

It said Canada was the fifth largest exporter of oil, natural gas, oil products, and electricity combined in 2009, behind Russia, Saudi Arabia, Norway, and Iran.

"Because Canada is energy self-sufficient, most of the increase in oil, gas, uranium and hydroelectric production will be exported. Consequently, Canada is bound to soon be one of the world's largest exporters of energy commodities," the study concluded.

Kenneth P. Green, co-author of the study, said Canada's energy sector already made an enormous contribution to the economy in addition to creating jobs and government revenues through royalty payments.

The study said oil and natural gas extraction contributed 94 billion Canadian dollars (92 billion U.S. dollars) to GDP in 2011, and electric utilities contributed 33 billion dollars (32 billion dollars).

It also estimated the energy sector provided at least 663,000 jobs, or 4.5 percent of total payroll employment in 2012.

On the revenue side, Canada's energy producers contributed at least 19 billion dollars to provincial and territorial governments in the form of royalties, lease payments, and fees.

"These payments will only become greater as petroleum and uranium production increases and new hydroelectric facilities are built," Green said.

News Home

 Tag This
 Tell A Friend
del.icio.us digg this Slashdot
Rate:
0 ratings
Views: 134

Comments: 0 Bookmarked: 0 Tagged: 0



0 Comments | Login to add comment

Site map | FAQs | Terms and Privacy | Contact Us
Copyright 2008-2010 by UNPAN - United Nations Public Administration Network