How British Columbia benefits from Canada's Oil & Gas
From cars and ferries in the lower mainland, to travel and tourism along the coast, to jobs and economic opportunities in rural and northern BC, the province's economy is deeply connected to Canada's oil and gas industry.
BC is well known for its resource economy – and oil and gas is a major part. In 2017, the sector directly and indirectly supported over 62,000 jobs in the province. Natural gas is a key piece of the provincial economy, and of Canada's oil and gas industry: as of 2018, BC produced 32 per cent of Canada’s natural gas. And BC's natural gas pipelines and coming liquefied natural gas (LNG) export terminals are positioning the province and the country to benefit from natural gas exports for decades to come.
Natural gas and LNG in particular is a major driver of economic opportunity for many Indigenous communities in BC. A 2020 study found that 40 of 41 First Nations involved in natural gas and LNG projects in BC are in favour of development. And a growing number of First Nations, including the Haisla Nation near Kitimat, are becoming equity owners in natural gas and LNG projects – offering long-term economic benefits for decades to come.
Over $500 billion since 2000
Canada’s oil and gas industry paid over $500 billion in taxes and royalties to federal, provincial, and municipal governments between 2000 and 2019. That's about $25 billion per year to help pay for the roads, schools, and hospitals we all rely on.
Beyond government revenues, our industry also has an outsized footprint in the overall economy. Between 2000 and 2020, Canada sold more than $1.54 trillion in oil and gas exports. But we're still leaving more revenue – and energy – on the table: In that same period, we still spent $424 billion on foreign oil imports, mostly to serve parts of Canada, like Ontario, Quebec, and the Maritimes, that lack pipeline infrastructure from Western Canada.
Supporting hundreds of thousands of Canadian families
Canada’s oil and gas industry supported nearly 400,000 jobs across the country as of 2020. That's counting people directly employed by the industry, as well as in adjacent industries that work with oil and gas. It’s not counting other types of jobs, like hotels and restaurants, that support the industry in many communities, and likely would not exist without the economic impact that oil and gas provides.
Most of the products we use and rely on in our daily lives are made from oil and gas:
Phones and Computers
Makeup & Cosmetics
By the Numbers
Oil and gas is a major driver of Canada’s economy, accounting for 5.6% of our overall Gross Domestic Product (GDP) in 2020.
In revenues to government, through taxes and royalties from 2000-2019. Revenues our governments spend on schools, roads, hospitals, and other essential services we all use.
Canada sold more than $1.54 trillion in oil and gas exports to the rest of the world, from 2000–2020. That's over $77 billion per year coming back to Canada.
Despite our abundant oil and gas resources, Canada still spent over $400 billion buying foreign oil imports from 2000–2020. By using more of our own oil and gas, we stand to increase our energy independence.