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/ Gouvernement du Canada

Energy facts: Investment

Our nation's prosperity and competitiveness are tied to achieving a successful transition to a low carbon future. Economic and environmental indicators are key to understanding energy's contribution to sustainable economic growth.

Download the full Energy Fact Book (PDF, 21.8 MB)

Download Section 2 of the Energy Fact Book (PDF, 2.13 MB)

Learn more about energy investment in Section 2 of the Energy Fact Book including:

  • Capital expenditures and environmental protection expenditures
  • Foreign direct investment and Canadian direct investment abroad
  • Canadian energy assets abroad, foreign control of assets, major energy projects in Canada, Canada's energy infrastructure
  • Research, development and demonstration (RD&D) and mission innovation

Key facts

  • Capital expenditures in Canada's energy sector totaled $80 billion in 2022. Oil and gas extraction was the largest area of energy sector capital expenditure at $31.9 billion in 2022, followed by electrical power generation and distribution ($27.6 billion).
  • Fuel, energy and pipeline infrastructure make up the largest proportion of Canada's infrastructure at 30% of net stock 2022. Investment and operations of the infrastructure created 142.6 thousand jobs and $22.8 billion in gross domestic product (GDP).
  • In 2023, there were 223 planned (announced, under review, or approved) major energy projects worth $294 billion, and 120 energy projects under construction worth $180 billion. There were 233 clean technology projects valued at $159 billion.
  • The stock of foreign direct investment (FDI) in the energy sector rose in 2022 to $146 billion (+11.9% over the previous year). The energy industry's share of overall FDI in Canada was 12% in 2022, increasing from 11% in 2021.
  • In 2021-2022, federal energy RD&D expenditures were $1,001 million and provincial and territorial (P&T) government energy RD&D expenditures were $411 million, for a combined total of $1,412 million.

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How to use

Instructions to maximize the use of this interactive tool

Use this Power BI© tool to access and see the most updated data available. All values in the Map, Data table and Graphs will automatically update based on the user's selection.

To select a specific category or sub-category, select the desired toggle elements within the tool box on the left hand side (i.e., Industry or Reference period). Depending on the data views selected, multiple choices may be available for subject categories, geographies, reference periods, etc. To view the associated data, select the "Data table" tab located on the top right hand corner of the data visualisation.

To return back to the visualisation, select "Map" or "Chart" tab which is next to the Data table tab.

To access other available options, such as to export or sort, position your mouse over the top right hand corner of the data visualisation then select the three consecutive points [...] that will appear. From there you can then select the desired option that follows (Export data, Show as a table, Spotlight).

To access the various referenced data tables used to prepare the visualisation, select "Data sources" located directly below it then click on the applicable table.