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Canada has access to all main sources of energy including oil and gas, coal, hydropower, biomass, solar, geothermal, wind, marine and nuclear.It is the world's second largest producer of uranium, [2] third largest producer of hydro-electricity, [3] fourth largest natural gas producer, and the fifth largest producer of crude oil. [4]
According to a 2018 report, British Columbia, which has had a carbon price since 2008, had the fastest-growing economy in Canada. [52] In its April 25, 2019 report, Canada's Parliamentary Budget Officer estimated that the federal government "will generate CA$2.63 billion in carbon pricing revenues in 2019-20."
The following data are from the Energy Information Administration's (EIA) Annual Energy Outlook released in 2020 (AEO2020). They are in dollars per megawatt-hour (2019 USD/MWh). These figures are estimates for plants going into service in 2025, exclusive of tax credits, subsidies, or other incentives. [ 134 ]
While Canada reduces the carbon footprint in the US by exporting 10% of total hydroelectricity, more than half of all Canadian homes and businesses burn natural gas for heat. [127] Hydro power, nuclear power and wind generate 80% of Canada's electricity, coal and natural gas are burned for the remaining 20%. [128]
The energy intensity is the ratio of primary energy consumption over gross domestic product measured in constant US $ at purchasing power parities. In 2009, energy intensity in OECD countries remained stable at 0.15 koe/$05p, with 0.12 koe/$05p in both the European Union and Japan and 0.17 koe/$05p in the USA.
The Canadian Centre for Energy Information (CCEI) is a Canadian federal government website and portal that was announced on May 23, 2019. [ 1 ] The Canadian Energy Information Portal was launched by Statistics Canada , in partnership with Natural Resources Canada , Environment and Climate Change Canada , and the Canada Energy Regulator .
"Petrocurrency" or (more commonly) "petrodollars" are popular shorthand for revenues from petroleum exports, mainly from the OPEC members plus Russia and Norway.Especially during periods of historically expensive oil, the associated financial flows can reach a scale of hundreds of billions of US dollar-equivalents per year – including a wide range of transactions in a variety of currencies ...
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...