
Canadian oil and gas industry
The Canadian oil and gas industry involves extracting resources like crude oil and natural gas from beneath the earth, primarily in Western Canada. These resources are vital for fueling transportation, heating, and manufacturing. Companies explore, develop, and produce these fuels, facing economic factors like global oil prices and environmental concerns, especially related to greenhouse gas emissions. Canada also exports much of its oil and gas, mainly to the U.S., contributing significantly to the economy. The industry balances resource development with environmental responsibility, infrastructure needs, and Indigenous rights, making it a key but complex sector within Canada's economy.