As the Canadian oil and gas industry adapts and changes its business to remain globally competitive, new skills and job opportunities are emerging and replacing more traditional occupations, according to the latest report released today by PetroLMI, a division of Energy Safety Canada.
June 18, 2018 – The real Gross Domestic Product (GDP) for Alberta’s agri-food industry rose by 2.5 per cent in 2017 to $6.5 billion. The province accounts for 12.5 per cent of the country’s agri-food GDP, and is in third spot nationally (after Ontario and Quebec).
Alberta’s economy continues to grow, albeit at a moderate pace, according to analysts. The report added that employment is growing.
Across the country, sales were up in 13 of 21 industries in March, representing 72% of the Canadian manufacturing sector: StatsCan.
The province plans to spend up to $1 billion over the next eight years for new partial upgrading facilities in Alberta to diversify the energy sector.
The money will likely come in the form of $800 million in loan guarantees and $200 million in grants.
The Chemistry Industry Association of Canada (CIAC) welcomed Alberta’s Energy Diversification Advisory Committee (EDAC) report released today.