Most greenhouse gas emissions come from energy being produced or consumed.”

The oil and gas, transportation, and electricity sectors alone contributed 58% of Canada’s GHG emissions in 2021.”

For example, in September 2023, Irving Oil operated a seven-week turnaround project at their Saint John refinery, to improve reliability, safety and sustainability. This project added 2,300 skilled workers to complete the $190 million investment, and benefited the regional economy by boosting hotel stays, restaurants, and retail, among other sectors.”

“Careers in Energy estimates investing in energy capital projects adds 5,400 indirect jobs for every $1 billion spent in the region.”

Atlantic Canada’s economy is evolving, but resource-based and energy industries still employ a significant number of Atlantic Canadians.”

For example, Phase 1 of EverWind Fuel’s hydrogen project in Nova Scotia would require more than 11,000 employees during construction.”

For example, companies operating in Newfoundland and Labrador’s offshore oil and gas sector pay royalties based on oil extracted, which accounts for more than 15% of the provincial government’s 2024 Budget.”

Energy is an important input cost for many businesses. Increased energy costs can lead to higher prices for goods and services, and can affect profitability.”