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Energy Fact Book, 2024-2025: Investment

Investment in energy systems ensures that the energy Canadians need is available and is used efficiently, while supporting economic opportunities and exports. Investment in energy innovation is an important element in the development of a clean economy.

Download the full Energy Fact Book, 2024-2025 (PDF, 23.28 MB)

Download Section 2 of the Energy Fact Book, 2024-2025 (PDF, 3.37 MB)

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
  • Research, development and demonstration (RD&D) and mission innovation

Key facts

  • Capital expenditures in Canada's energy sector totaled $92 billion in 2023. Oil and gas extraction was the largest area of energy sector capital expenditure at $39.2 billion in 2023, followed by electrical power generation and distribution ($27.6 billion).
  • Fuel, energy and pipeline infrastructure make up the largest proportion of Canada's infrastructure at 30% of net stock 2023. Investment and operations of the infrastructure created 140.1 thousand jobs and $23.5 billion in gross domestic product (GDP).
  • In 2023, there were 223 planned (announced, under review, or approved) major energy projects worth $294 billion, and 120 energy projects under construction worth $180 billion. There were 233 clean technology projects valued at $159 billion.
  • The stock of foreign direct investment (FDI) in the energy sector fell in 2023 to $132 billion (-1.8% over the previous year). The energy industry's share of overall FDI in Canada was 10% in 2023, same as in 2022.
  • In 2022-23, federal energy research, development and demonstration expenditures were $1,061 million and provincial and territorial government expenditures were $424 million, for a combined total of $1,485 million.

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