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Investment ensures that the energy needed by Canadians is available and used efficiently while also supporting economic and export opportunities in the energy sector. Investment in energy innovation is an important part of building a clean economy.

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

RD&D and Mission Innovation

Key facts

  • Capital expenditures in Canada’s energy sector totaled $60 billion in 2020. Oil and gas extraction was the largest area of energy capital expenditure at $21.7 billion in 2020, closely followed by electric power generation and transmission at $21.2 billion.
  • Fuel, energy and pipeline infrastructure make up the largest proportion of Canada’s infrastructure at 32% of net stock. Investment and operations of the infrastructure created 103.5k jobs and $15.8 billion in GDP.
  • In 2021, there were 305 planned (announced, under review, or approved) major energy projects worth $449 B, and 97 energy projects under construction worth $139 B.  There were 168 clean technology projects valued at $92.1 B.
  • The stock of foreign direct investment (FDI) in the energy sector dipped in 2020 to $201 billion (-6.3% from 2019). The energy industry’s share of overall FDI in Canada was 19% in 2020, down 2% from 2019.
  • In 2019-20, federal energy RD&D expenditures were $758M and provincial and territorial (P&T) government energy RD&D expenditures were $316M, for a combined total of $1,074M.

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