Helping Canada run smoothly
It’s easy to take for granted all the ways a strong Canadian oil and natural gas industry supports our daily lives. From the financial benefits that drive our economy to the fuel and everyday goods made from oil byproducts that keep communities running — all Canadians benefit from these essential natural resources, one way or another.
Protecting the Canadian dollar
Canadians rely on imports like fresh produce and electronics, and our broader economy depends on exports to other countries. Without oil and gas exports, Canada would run an enormous trade deficit, resulting in a weaker dollar and driving up the cost of imported goods. At a time when life is becoming increasingly unaffordable for many, a strong oil and gas sector protects our dollar.
Our industry's contributions in 2023
Source: Statistics Canada 2023
Canada can fuel the future
The world’s growing demand for energy will only be met by drawing on all available sources. That includes oil and gas – and Canada should be the country providing it. With smart energy policies and collaboration, we can achieve a lower carbon future. The Government of Canada has the opportunity to work with our industry to promote realistic emissions reduction policies and timelines, incentivizing environmental progress while also protecting the economy and improving the lives of Canadians.
About Cenovus
We’re a Canadian-based integrated energy company committed to developing our assets in a safe, responsible and cost-efficient manner. We operate in Canada, the United States and the Asia Pacific region, including oil sands projects in northern Alberta, thermal and conventional crude oil and natural gas projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and liquids production offshore China and Indonesia. Cenovus’s downstream operations include upgrading, refining and marketing operations in Canada and the United States.
Learn more about our purpose and values and our integrated operations that help power our communities and energize the world.