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Canada had one of the world’s first oil pipelines in 1862 when a pipeline was built to deliver oil from Petrolia, Ontario to refineries at Sarnia, Ontario. However, Ontario's oil fields began to decline toward the end of the 19th century, and by World War II Canada was importing 90% of its oil.
At the time, Nexen's 2.5 billion boe reserves would've ranked 8th among Canada's oil companies. [92] When Nexen was created in 1971 it was a subsidiary of the American company Occidental Petroleum called Canadian Occidental Petroleum. After taking over a number of smaller companies in Canada while increasing their international holdings they ...
In September 2011, Joe Oliver, Canada's Minister of Natural Resources, sharply criticized opponents of oil sands development in a speech to the Canadian Club of Toronto, arguing that oil sands account for about 0.1% of global greenhouse-gas emissions, coal power plants powered in the U.S. generate almost 40 times more greenhouse-gas emissions ...
According to this figure, Canada's reserves are third only to Venezuela and Saudi Arabia. Over 95% of these reserves are in the oil sands deposits in the province of Alberta. [2] Alberta contains nearly all of Canada's oil sands and much of its conventional oil reserves. The balance is concentrated in several other provinces and territories.
In 1993, two refineries were closed—Shell's in North Burnaby, a large Vancouver neighbourhood—and Petro-Canada's in Port Moody which is 27 km (17 mi) east of Vancouver—were closed. [18] In 1995, Imperial Oil closed their refinery in Port Moody—a city which is part of the Metro Vancouver Regional District. [18]
Oil sands were by then the source of 62% of Alberta's total oil production and 47% of all oil produced in Canada. [33] As of 2010, oil sands production had increased to over 1.6 million barrels per day (250,000 m 3 /d) to exceed conventional oil production in Canada. 53% of this was produced by surface mining and 47% by in-situ techniques.
The Canadian Energy Pipeline Association (CEPA), whose 2019 members included Alliance Pipeline (natural gas), ATCO Pipelines (natural gas), Enbridge, Inter Pipeline, Pembina Pipeline (oil and natural gas), Plains All American Pipeline known also as Plains Midstream Canada, TC Energy (oil and natural gas), TransGas's TransGas Pipelines, Trans Mountain pipeline, Trans Northern Pipelines, and ...
Oil and Gas 8 190 Canadian Imperial Bank of Commerce: Toronto 20.2 3.9 486.0 36.8 Banking 9 229 Suncor Energy: Calgary 29.7 2.5 65.6 52.6 Oil and Gas 10 273 Sun Life Financial: Toronto 23.4 2.0 196.0 24.5 Insurance 11 341 Bell Canada: Montreal 18.1 2.3 41.8 40.9 Telecommunication: 12 342 Canadian Natural Resources: Calgary 16.2 2.0 53.9 37.6 ...