Canada Is Transforming It Energy Economy!

National Economy

The population of the Dominion of Canada is approximately 38.48 million people[1]. In 2021, 100% of the people in this country in North American had access to electricity[2].

In 2021, Canada’s economy was ranked 10th in the world in gross domestic product (GDP)[3]. The country’s economy[4] is dependent on the export of crude oil, cars, gold, motor vehicle parts, sawn wood, natural gas, and wheat.

Environment Policies

In 2016, Canada signed the Paris Climate Agreement[5] and committed to a 30% reduction in 2005 greenhouse gas emission levels by 2030.

In 2017, Canada developed the Clean Technology Data Strategy  which is designed to provide reliable data for the creation of policies and programs to support the adoption of clean technology.

In 2021, utilities used renewable energy (67.3 %), nuclear power (14.4 %), natural gas (11.9 %), coal (6.0 %), and oil (0.4 %)  to generate electricity[6] in Canada. Hydropower is the dominant type of renewable energy used to generate electricity in Canada.

Recent renewable energy projects in Canada include:

  • 1,098 MW Hydropower Project – Canadian electric utility, British Columbia Hydro and Power Authority is continuing work on the Site C Clean Energy Project, located on the Peace River in the Province of British Columbia. The project is forecast to be commissioned by year-end 2024.
  • 824 MW Hydropower Project In September 2020, the Newfoundland and Labrador provincial energy corporation, Nalcor Energy commissioned the Muskrat Falls hydro project on the Churchill River in Labrador.
  • 695 MW Hydropower Project – In February 2021, Canadian utility, Manitoba Hydro commissioned the Keeyask Generating Station on the Nelson River in the Province of Manitoba.
  • 465 MW Solar Project In March 2022, Danish infrastructure company, CIP and Canadian renewable energy company, Greengate Power commissioned the Travers Solar project at a site approximately 80 miles southeast of Calgary, Alberta.
  • 250 MW Solar + 100 MW Energy Storage – Canadian renewable energy company, Westbridge Energy is continuing work on the Doley solar and battery storage project in east-central region of the Province of Alberta.
  • 236 MW Solar + 100 MW Energy Storage Project – Westbridge Energy is continuing work on the Sunnynook Solar Energy project in the province of Alberta. The project is forecast to be commissioned by year-end 2024.
  • 230 MW Solar Project Westbridge Energy is continuing work on the Georgetown Solar project at a site approximately 35 miles southeast of Calgary in the Province of Alberta. The project is forecast to be commissioned by year-end 2023.
  • 200 MW Wind Project British renewable energy company RES, Cowessess First Nation, and provincial electric utility SaskPower are continuing work on the Bekevar Wind Energy project in the Province of Saskatchewan. The project is forecast to be commissioned by year-end 2023.

Conclusions

Oil was first discovered in Canada[7] in 1858 in the Province of Ontario. The export of oil and natural gas has been a critical component in Canada’s economy for over 100 years.

In 2021, Canada was the 6th largest oil[8] exporting country in the world. Canada exports 98% of its oil and natural gas to the United States[9].

In 2020, Canada generated 63.0 % of its domestic electricity from carbon neutral sources power sources (renewable and nuclear energy) and is on track to meet its Paris Climate Agreement commitment.

Canada and the United States also trade electricity, which provides economic and power grid stability to both countries. In 2019, Canada exported more electricity to the United States than it imported.

Hydropower is the primary source of Canada’s electricity exports to the United States. Canada’s development of new major hydropower project are designed to increase green electricity exports to the United States.

Canadian oil and gas exports to the United States are expected to steadily decline as the United States moves to reduce greenhouse gas emissions under President Biden.

Canada’s development of new hydropower projects will provide new sources of green electricity to the United States, while offsetting the economic impact of Canada’s declining oil and gas exports.

Canada is transforming its energy economy!

 

Jack Kerfoot

Website – “Our Energy Conundrum”

www.jackkerfoot.com

 

Jack Kerfoot is a scientist, energy expert, and author of the book FUELING AMERICA, An Insider’s Journey and articles for The Hill, one of the largest independent political news sites in the United States. He has been interviewed on over 100 radio and television stations from New York City to Los Angeles on numerous energy related topics.

 

 

[1] Canada Population (2022) –  February 4, 2021, www.worldometers.info

[2] World Bank, Access To Electricity (% Population) – Canada

[3] Gross Domestic Product By Country 2021 – Worldometer

[4] The Observatory of Economic Complexity (OEC) – Canada

[5] Carbon Brief “Paris 2015: Tracking Country Climate Pledges”

[6] Our World In Data, Canada:  Energy Country Profile by Hanna Ritchie and Max Roser

 

[7] Drilling into Canada’s Petroleum History by Chemical Institute of Canada, May 2017

[8] Crude Oil Exports by Country by David Workman

[9] Canada Oil Facts by Government of Canada

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