Economic Contributions

Corporate Responsibility

Economic Contributions

Canada and the world need energy to meet the needs of millions worldwide. Healthy and prosperous economies require a secure supply of energy, and therefore, the value of Canada's oil and natural gas industry is very important to Canada. Not only is the industry making significant strides in reducing its environmental footprint, but it's also creating hundreds of thousands of jobs for Canadians, spending in goods and services, and adding significant revenues to governments — contributions that are important in supporting areas such as healthcare and education, and essential resources for public services.

Canadian Natural provides a significant proportion of Canada’s 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, Côte d’Ivoire and Gabon. For more information visit our Payments to Governments webpage.

Supplier spend. Spend by location:

Visit our 2017 Stewardship Report to Stakeholders for more information.

Energy is essential to our lives

Abundant, affordable and reliable energy is essential to modern life. In Canada, it is also a key component in creating a robust economy, and maintaining and creating hundreds of thousands of high value jobs. 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:

Many independent analysts expect demand for crude oil and natural gas to grow, remaining an important part of the global energy mix for the foreseeable future to meet the needs of millions worldwide. As the global population increases, so does the demand for energy.

According to the United Nations’ World Population Prospects: The 2017 Revision document, the current world population of 7.6 billion is expected to increase by slightly more than one billion people over the next 13 years, reaching 8.6 billion in 2030, and 9.8 billion by 2050, with the growth projected to occur primarily in developing nations in Africa and Asia. As the standard of living improves within developing nations, the demand for energy is projected to increase.

In the World Energy Outlook 2017, the International Energy Agency (IEA) forecasts that all forms of energy are needed to meet a growing global energy demand that will expand by 30% between today and 2040. This is the equivalent of adding another China and India to today’s global demand. Oil demand continues to grow to 2040 and natural gas use rises by 45% to 2040.

As the demand for energy rises, the amount of oil and natural gas produced will need to increase substantially. Oil and natural gas are, and will continue to be, primary sources of energy. And Canadian Natural is well positioned to provide this energy with our long-life, low-decline oil assets and significant natural gas assets. 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.

In this context, the global challenge will be to continue delivering abundant, affordable and reliable energy to meet the world’s energy needs, while reducing GHG emissions. As oil and natural gas production increases, industry remains focused on improving efficiencies and limiting emissions through innovation and technology. Canadian oil and natural gas, which is produced under some of the highest standards in the world, can be a preferred environmentally responsible global source, and an important part of a lower carbon energy future.

At Canadian Natural, we are committed to an energy future that protects the environment, jobs and investment by leveraging innovation and technology. Read our Climate change section.