Canada is the solution for America’s oil and gas import needs

America produces much of its own energy, but still imports millions of barrels of oil. In fact, oil imports from OPEC have gone up by more than 175% since December 2020.

Who is OPEC? It’s countries like Saudi Arabia, Iraq, Kuwait, and Libya. Countries with questionable standards, and who are not traditional allies of the US.

There is another solution: Canada.

Canada has more than enough oil and gas to meet US demand for imports, supplementing domestic production. It’s nearby. It’s an ally. And it’s a responsible and reliable producer. Together, Canada and the US can achieve energy security and independence for North America – in a more responsible way.

Why choose Canadian oil and gas?

Canada can meet the demand

US energy demand is increasing. And it’s expected to stay high for decades to come. Canada is one of the world’s largest producers of oil and gas, and can provide the supply America doesn’t produce for itself.

Canada is close by

Canada’s oil and gas sector is already connected to the US with nearly 280,000 miles of shared pipelines. Adding more pipeline capacity would further strengthen our ties.

Canada is a responsible producer

Canada is a global leader among the world’s largest oil reserve holders on Environmental, Social, and Governance (ESG) performance.

America will need oil and gas for decades to come

The energy crisis following Russia’s invasion of Ukraine has highlighted the world’s energy challenge. Renewable energy alone is not adequate to maintain reliable energy supply. Reliable oil and gas trading partners are needed with a commitment to technological innovation and emissions reduction

US oil and gas demand is projected to increase through 2050 – even as more renewable and alternative energy sources become available. Today, the US consumes around 17 million barrels of oil per day; by 2050 this number is projected to be nearly 19 million. (Source: U.S. Energy Information Administration)

Oil and gas is already the largest part of America’s energy mix – more than 2/3rds today. By 2050, this share is expected to be about the same. Renewables will make up a larger share, but they will mostly replace the share of coal, not oil and gas.

Environmental Standards

U.S. Energy Consumption (%)

Source: U.S. Energy Information Administration, Annual Energy Outlook 2022
  1. 1 Includes wind, solar, hydro, biomass
  2. 2 Includes nuclear

Canada is a close ally

Canada is already America’s largest trading partner – for oil and gas as well as for other goods. Canada’s oil and gas is already connected to US customers via nearly 280,000 miles of shared pipelines. And Canada is a close ally – geographically, culturally, and politically.

Canada is one of the world’s largest oil and gas producers. So when the US needs more oil and gas, Canada is close, reliable, and committed to emissions reduction.

Canada is a leader in clean technology

Canada’s oil and gas sector has invested billions in the research and development of clean technologies. Meanwhile, average emissions per barrel in the oil sands have been going down each year for more than a decade, and total emissions are expected to start going down in the next five years.

Companies representing 95% of oil sands production jointly target reaching net zero emissions by 2050. Together they are moving fast toward building one of the world’s largest carbon capture and storage (CCS) projects. CCS is a critical technology to achieve emission reduction targets, according to the International Energy Agency.

Canada is also a leader in methane emission reduction. Alberta’s oil and gas industry reduced total methane emissions by 34% between 2014 and 2020, and producers across the country are expected to meet the target to reduce emissions by 40-45% in 2025.

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The United States doesn’t just need more energy – it needs more responsibly produced energy.

Only by reducing its reliance on OPEC countries and other outside suppliers can North America truly achieve energy independence and security.

Where you get your oil and gas from matters. Because not all oil and gas is created equal.

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