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Energy Report Canada January 2018

Energy Report Canada January 2018

  • January 2018
  • ID: 2655268

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  • Canada is the fifth-largest producer of energy in the world, after the US, China, Russia and Saudi Arabia. According to Statistics Canada, the energy sector contributed 9.9% of GDP in October 2017, and output grew by 5.9% (not adjusted for inflation) compared with a year earlier, well above the 3.4% rise in overall GDP.
  • Canada relies less than the US on combustible fuels for its electricity. Combustible fuels accounted for around one-quarter of electricity generation in 2017, whereas hydroelectricity made up more than half. However, state-owned and private utilities are moving to lower their dependence on coal. The environment minister has said that the last coal-fired power plant will close by 2030.
  • Despite high energy consumption, Canada's energy output has been substantial enough to support significant exports, mostly to the US. However, for both commercial and political reasons Canada is eager to diversify its export markets, especially liquefied natural gas (LNG) to Asia, as higher US natural gas production reduces American reliance on Canadian supply.


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