Oil, Natural Gas, and Hydropower

Canada’s energy market is heavily influenced by its rich natural resources, including oil, natural gas, and hydropower. Alberta remains a major producer of oil and natural gas, while Quebec and British Columbia focus on hydropower. This combination has positioned Canada as a major energy exporter.

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The Shift Toward Net-Zero Emissions

Canada’s commitment to achieving net-zero emissions by 2050 is reshaping its energy sector. The country is investing in renewable energy projects, including wind and solar, but the challenge remains in balancing its natural resource exports with environmental goals.

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Expanding LNG Exports

Liquefied natural gas (LNG) exports are a significant growth area for Canada. With projects like LNG Canada underway, the country is set to play a larger role in global LNG markets, particularly in meeting the energy needs of Asian markets.

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