Search for "natural resources"

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Canada Files Claim for North Pole

After years of research costing more than $100 million, Canada submitted its bid for control of a large part of the Arctic seabed to the UN Commission on Limits of the Continental Shelf. Russia and Denmark had already filed their claims, and the United States and Norway were expected to follow suit. The process of determining who has sovereignty over the Arctic, and control over resources there, is expected to take years.

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Mining

Mining is one of Canada’s primary industries and involves the extraction, refining, and/or processing of economically valuable rocks and minerals.

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Natural Gas in Canada

Natural gas ranks among the fastest-growing energy sources in Canada and is seen by many in the energy industry as a game-changer, a comparatively clean, low-cost and versatile fuel. It can directly generate power and heat and can be chemically altered to produce a wide range of useful commodity chemicals. It burns cleaner and more efficiently than other fossil fuels, releasing significantly fewer harmful pollutants into the atmosphere. Natural gas is colorless, odourless, shapeless, lighter than air and contains a mixture of several hydrocarbon gases, which are organic compounds consisting of some combination of hydrogen and carbon molecules.

The primary consumers of natural gas are the industrial (54.1 per cent), residential (26.6 per cent) and commercial sectors (19.3 per cent). Canada is the fifth largest natural gas producer after the United States, Russia, Iran and Qatar. Currently, all of Canada’s natural gas exports go to the United States through a network of pipelines, making Canada the largest foreign source of US natural gas imports. At the end of 2016, Canada had 76.7 trillion cubic feet of proven natural gas reserves and had produced 152 billion cubic metres of natural gas that year. It is forecasted that global natural gas consumption will double by 2035.

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Maple Syrup Industry

Canada is the world’s leading producer and exporter of maple products, accounting for 71 per cent of the global market. In 2016, Canadian producers exported 45 million kg of maple products, with a value of $381 million. The province of Québec is by far the largest producer, representing 92 per cent of Canadian production. Maple syrup and maple sugar products are made by boiling down the sap of maple trees. World production of maple syrup and sugar is mainly limited to the Maple Belt, the hardwood forest stretching from the midwestern United States through Ontario, Québec and New England and into New Brunswick, Nova Scotia and Prince Edward Island; however, British Columbia, Manitoba and Saskatchewan also produce some syrup.

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Mineral Resources

Minerals are naturally-occurring, homogeneous geological formations. Unlike fossil fuels, such as coal, oil and natural gas, minerals are inorganic compounds, meaning they are not formed of animal or plant matter.

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Industry in Canada

Industry, in its broadest sense, includes all economic activity, but for convenience commentators divide it into three sectors: primary, secondary and tertiary.

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Assets in Canada

An asset is a useful and desirable thing or quality. The word is most often used in business, financial or accounting contexts. Canada has some of the world’s most impressive physical and natural resources. These resources may be viewed as “national assets.” The concept is also useful in personal finance, as housing is most Canadian families’ largest asset.

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Natural Resources in Canada

Natural resources are aspects of the natural environment from which goods and services can be obtained and produced. They include air, sunlight, water, land, vegetation, animal life and geological resources. People can also value natural resources for their own sake or for their aesthetic qualities. Humans must manage natural resources to sustain the benefits they offer.

Canada is among the most resource-rich countries in the world. Its large and varied natural resources are essential to its economies and cultures. But there are ongoing debates about how to use, share and manage natural resources.

Click here for definitions of key terms used in this article.

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Northern Gateway Pipeline Proposal

The $7.9 billion Northern Gateway project was a pipeline proposal that Enbridge put forward in 2008. Northern Gateway would have carried diluted bitumen (“dilbit”) about 1,170 km from Bruderheim, Alberta to a terminal on the Pacific Ocean at KitimatBritish Columbia. Enbridge claimed that the project would create $1.2 billion in tax revenue for BC, as well as 560 jobs. The Federal Court of Appeal overturned the pipeline’s approval in 2016. That same year, the Liberal government of Prime Minister Justin Trudeau rejected the project.

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Commodities in Canada

In commerce, commodities are interchangeable goods or services. Many natural resources in Canada are viewed as commodities. They are a major source of the country’s wealth. Examples of commodities include a barrel of crude oil, an ounce of gold, or a contract to clear snow during the winter. Commodity products often supply the production of other goods or services. Many are widely traded in futures exchanges (see Commodity Trading).

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Solar Energy

The energy contained in sunlight is the source of life on Earth. Humans can harness it to generate power for our activities without producing harmful pollutants. There are many methods of converting solar energy into more readily usable forms of energy such as heat or electricity. The technologies we use to convert solar energy have a relatively small impact on the environment. However, they each have disadvantages that have kept them from being widely adopted.

In Canada, the use of solar energy to generate electricity and heat is growing quickly and is helping reduce pollution related to energy production. Despite Canada’s cold climate and high latitudes (which get less direct sunlight than mid-latitudes), solar power technologies are used in many places, from household rooftops to large power plants. The Canada Energy Regulator (formerly the National Energy Board) expects solar power to make up 3 per cent of Canada’s total electricity generation capacity by 2040.

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Trans Mountain Pipeline Expansion Project

The Trans Mountain Expansion is a project to build about 980 km of new pipe, most of which will run parallel to the existing Trans Mountain oil pipeline. The new line will carry diluted bitumen, or “dilbit,” from Edmonton, Alberta to Burnaby, British Columbia. The expansion will increase the pipeline route’s overall capacity from 300,000 barrels per day to 890,000 barrels per day.

The project’s first owner, Kinder Morgan Canada, sold it to the Government of Canada in 2018. The Trans Mountain Expansion has been a focus of environmental and economic debates, as well as political conflicts. The $12.6 billion project is now under construction.

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Cod Moratorium of 1992

On 2 July 1992, the federal government banned cod fishing along Canada’s east coast. This moratorium ended nearly five centuries of cod fishing in Newfoundland and Labrador. Cod had played a central role in the province’s economy and culture.

The aim of the policy was to help restore cod stocks that had been depleted due to overfishing. Today, the cod population remains too low to support a full-scale fishery. For this reason, the ban is still largely in place.

Click here for definitions of key terms used in this article.