Oil and Gas Exports Are Increasingly Important for Canada's Economy

Canada’s oil and gas industry has seen its share of the country’s merchandise exports jump over the past two decades, and energy is now a crucial contributor to Canadian trade and economy.   While the federal government is looking to reduce greenhouse gas emissions by a proposed cap on emissions from oil and gas and additional carbon taxes, facts and figures of the past decade show that energy exports are now nearly a quarter of the value of Canada’s total exports. This will likely continue to be the case in the foreseeable…