how much of canada's gdp is oil
Economy of Canada Canada is one of the few developed nations that is a net exporter of energyâ€”in 2009 net exports of energy products amounted to 2.9% of GDP. Most important are the large oil and gas resources centred in Alberta and the Northern Territories, but also present in neighbouring British Columbia and Saskatchewan. The vast Athabasca oil sands give Canada the world's third largest reserves of oil after Saudi Arabia and Venezuela according to USGS. In British Columbia and Quebec, as well as Ontario, Saskatchewan, Manitoba and the Labrador region, hydroelectric power is an inexpensive and relatively environmentally friendly source of abundant energy. In part because of this, Canada is also one of the world's highest per capita consumers of energy.[69][70] Cheap energy has enabled the creation of several important industries, such as the large aluminium industries in British Columbia [71] and Quebec.[72]
Electricity sector in Canada Hydroelectricity accounted for 58% of all electric generation in Canada in 2007,[2][3] making Canada the world's second-largest producer of hydroelectricity after China.[4] Since 1960, large hydroelectric projects, especially in Quebec, British Columbia, Manitoba and Newfoundland and Labrador, have significantly increased the country's generation capacity. Canada is the world's sixth-largest producer of electricity generated by nuclear power, producing 97 billion kWh in 2013.[5] In Ontario, Canadian-designed CANDU nuclear reactors supplied more than half the provincial electricity demand in 2007.[3] In April 2014, Ontario became the first jurisdiction in North America to fully eliminate coal as a source of electricity generation.[6][7]