Economic Contributions

Corporate Responsibility

Economic Contributions

Energy is essential to our lives

Canada and the world need energy. Access to affordable, reliable, and abundant crude oil and natural gas unlocks human potential and raises quality of life. The United Nations (UN) relates general social and health outcomes directly to greater energy consumption.

In Canada, oil and natural gas is also a key component in creating a robust economy and maintaining and creating high value jobs, spending in goods and services, and revenues to governments that contribute to essential resources (health, safety and education). Canada’s oil and natural gas industry is integral to providing the world a safe, secure and environmentally responsible supply of energy and helps ensure necessities of modern life.

Canadian Natural provides a significant proportion of Canada’s crude oil and natural gas. With almost 10,000 employees and operations in Canada, the United Kingdom and Offshore Africa, we take pride in delivering energy in a safe, effective, efficient and environmentally responsible way.

We are committed to a long-term presence in the communities where we operate. Canadians from all regions participate both directly and indirectly in the development of our projects. Major expenditures across the country, and beyond, promote both short and long-term economic growth.

Contributions to governments. All Canadian Natural’s payments to governments and Indigenous communities are disclosed through the Extractive Sector Transparency Measures Act (ESTMA) in Canada and through the Extractive Industries Transparency Initiative (EITI) for the UK and Côte d’Ivoire. For more information visit our Payments to Governments webpage.

Supplier spend. Spend by location:

Visit our 2020 sustainability report for more information.

Global energy needs

As the world population continues to grow, projected to exceed nine billion by 2040, along with expanding economies and the middle class, independent analyses from energy firms and agencies forecast that crude oil and natural gas will remain an important part of the global energy mix in the future.

Canada has the world’s third largest oil reserves and the world’s fifth largest natural gas reserves, and is a politically stable, reliable and responsible energy source to global markets. Approximately 97% of Canada’s oil reserves are located in Alberta’s oil sands.

As the world emerges from the impacts of COVID-19, all forms of energy will be needed for a strong and sustained recovery.

Canadian Natural is well positioned to provide energy with our long-life assets and significant natural gas operations. At Canadian Natural, we are committed to an energy future that protects the environment, jobs and investment by leveraging innovation and technology. Read about how Canadian Natural continues to create value in our 2020 sustainability report.