ensuring the energy, environmental, and economic needs of north america canadian energy perspectives
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Ensuring the Energy, Environmental, and Economic needs of North America
Canadian Energy Perspectives
2
Canada US Energy Trade (2008)
ProvidingEnergy
Security
Canada’s energy exports to the US = $122 billion
Canadian exports satisfied 9% of total US demand
Cross-border direct investment in energy is approx. $90 billion
23MMWh55M
MWh
524Bcf3629
Bcf676
MMb
Electricity Crude Oil Natural Gas US consumption 1% 13% 15% from Canada$3.8 Billion $61 Billion $33 Billion
3
Canada is your largest & most secure energy supplier
0 500 1,000 1,500 2,000 2,500
* OPEC Member Source: EIA, 2008 data
U.S. Imports of crude oil& petroleum products
ProvidingEnergy
Security
Canada
Saudi Arabia*
Mexico
Venezuela*
Nigeria*
Iraq*
Algeria*
Russia
Angola
thousand barrels per day
4
Oil Reserves by Country
21
3036
44
60
9299
102
115
136
176
264
0
50
100
150
200
250
300
bill
ion
ba
rre
ls
Can
ada
Sau
di A
rabi
a*
Abu
Dha
bi*
Ven
ezue
la*
Nig
eria
*
Iran
*
Liby
a*
Kaz
akhs
tan
Rus
sia U
nite
d S
tate
s
* OPEC Member Source: EIA, 2008 data
Iraq
*
Kuw
ait*
ProvidingEnergy
Security
These Twelve Countries Represent 88% of the Planets Oil Reserves
5
Global Energy Demands
82% of the world’s known oil reserves are state controlled or managed by national oil companies
Only 18% is openly accessible to the market
Two thirds of that accessible oil is in Canada’s Oil Sands
ProvidingEnergy
Security
6
Pipelines
New proposals
Expansion of existing lines
Existing lines
Oil sands deposits
Developed oil sands
ProvidingEnergy
Security
7
Greenhouse Gas (GHG) EmissionsGHG Emissions by Country
Canada’s GHG Emissions by Sector
Solvent & Waste 4% Oil Sands 5%
Agriculture 9%
Buildings 10%
Other Industry 14%
Electricity & Heat Generation 16%
Oil & Gas 18%(excluding oil sands)
Transportation 25%
Ensuring Environmental
Stewardship
UnitedStates22%
Other21%
China20%
Eurasia9%
Canada 2%
Japan 4%
India 4%
Europe17%
Australia 1%Australia 1%
8
Emissions in Perspective
Ensuring Environmental
Stewardship
9
Regulations
• The Provinces have jurisdiction over the development of their resources
• The Government of Canada has legislative and/or mandated responsibilities in the areas of:
• Fisheries and Navigable Waters, Wildlife Protection
• Trans-boundary Issues and Human Health
• Shared responsibilities include a fiscal and regulatory framework that encourages investment, technology development, and meets environmental goals
Ensuring Environmental
Stewardship
10
Economic Benefits (Forecast of 343,000 New American Jobs from 2011 to 2015)
Generating Economic
Benefits
7,300
4,700
43,200
Alaska = 900
Hawaii = 1,400
3,200
1,200
1,900
6,500 2,000
3,1006,000
800
800
1,000
2,300
3,200
6,800
3,900
2,900
27,3004,800
4,000 3,200
7,200
14,600
10,600
7,600
20,300
10,5005,200
4,700
4,800
7,000
8,400
10,300
13,20013,800
1,700
1,6007,700
4,0009,300
19,400
8001,700
1,000
1,200
1,000
Environment
Economy
Energy