Calgary's Oil and Gas Industry

Calgary’s oil and gas industry is a major economic sector that involves extracting and processing petroleum and natural gas, primarily from Western Canada. The city hosts many head offices of energy companies, supporting exploration, drilling, refining, and distribution. This industry provides jobs, stimulates technological innovation, and contributes significantly to government revenue. While it has driven Calgary’s growth, it also faces challenges like environmental concerns and fluctuating oil prices, which can impact the economy. Overall, Calgary remains a key hub for Canada's oil and gas development, balancing economic benefits with sustainability considerations.