Economic benefits of oil sands vital to prosperity of Canadians across country-not just in Alberta
CALGARY, ALBERTA--(Marketwired - Dec. 5, 2016) - British Columbia is the top supplier of goods and services to the oil sands, a bi-annual industry review reveals, reaffirming a partnership that creates jobs for British Columbians and supports communities.
In total, 1,586 small, medium and large B.C. companies provided goods and services to the oil sands in 2016, leading Ontario's 1,560. Across Canada, a total of 5,054 businesses supplied the oil sands with goods and services this year.
B.C. companies provide environmental technology, engineering equipment services, camps and catering, parts supply, corporate services, technology and transportation, among others.
These businesses, and the economic benefits they generate, are spread across all regions of B.C. including:
Oil sands companies spent $7.6 billion across Canada on goods and services in 2016, of which $1.7 billion was spent in B.C.
B.C.'s top-supplier rank comes during one of the most severe downturns in Canada's oil and gas industry, a period when industry revenues have fallen $60 billion and capital spending has dropped $44 billion.
CAPP surveys its members every two years for oil sands supply chain information.
Canadian Association of Petroleum Producers quotes: Tim McMillan - president and CEO, CAPP.
Supporting Information:
The Canadian Association of Petroleum Producers (CAPP) represents companies, large and small, that explore for, develop and produce natural gas and crude oil throughout Canada. CAPP's member companies produce about 85 per cent of Canada's natural gas and crude oil. CAPP's associate members provide a wide range of services that support the upstream crude oil and natural gas industry. Together CAPP's members and associate members are an important part of a national industry with revenues from crude oil and natural gas production of about $120 billion a year. CAPP's mission, on behalf of the Canadian upstream crude oil and natural gas industry, is to advocate for and enable economic competitiveness and safe, environmentally and socially responsible performance.
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