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While economically developed and resource-rich, Canada faces increasing pressure to improve the environmental sustainability of its energy system, as detailed in a new report from the World Economic Forum and Accenture.
The Global Energy Architecture Performance Index Report 2014 assesses regions and 124 countries according to economic growth, environmental sustainability and energy security performance, analyzing the complex trade-offs and dependencies that affect country efforts.
Canada ranks highly, second only to Norway, in terms of energy security given its vast array of resources but receives its lowest scores in environmental sustainability.
Canada also scores in the top quartile for the carbon intensity of its power generation.
Oil sands currently account for 98 percent of Canada’s estimated 168.7 billion barrels of reserves. The nation’s oil output is expected to nearly triple to 4.3 million barrels per day by 2035.
The vast economic opportunities created by Canada’s oil sands operations also bring real challenges impacting air quality, water and land.
Various industry and government-led initiatives are identifying new ways to drive environmental performance in Canada through regulation, natural resource management and technology.
March 31, 2014
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