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Home   Major Issues Canada-U.S. Energy Relations
Canada is a proven partner in sustaining North American energy and economic security. Canada is the U.S.'s largest and most reliable source of energy. In 2004, Canada's energy exports to the U.S. were valued at over $65 billion (US$50 billion). Canada supplied 16 percent of U.S. imports of crude and refined oil products - more than any other country at over two million barrels a day. Canada provided 85 percent of all U.S. natural gas imports and approximately 27 percent of the uranium used in U.S. nuclear power plants. Canada and the U.S. also have a strong common interest in promoting energy efficiency and in developing and deploying new and cleaner energy technologies. Canada and the U.S. have a strong energy relationship that will continue to grow in the coming years. Overview of Energy in Canada: Canada's large landmass and off-shore areas offer a wealth of energy resources. We are the third-largest producer of natural gas in the world and rank ninth in the production of crude oil. As of January 1, 2005, Canada's proved oil reserves of almost 179 billion barrels rank second only to those of Saudi Arabia. Canada also has significant, untapped natural gas reserves. Canada is the world's leading producer of energy-grade uranium, accounting for roughly one-third of global mine production. There is an estimated potential for future development of over 34,000 Megawatts of clean, renewable hydroelectric generating capacity. Canada participates in cooperative research efforts in the areas of carbon capture and storage, next generation nuclear power and the hydrogen economy. Fact Sheets on Canada-U.S. Energy Relations (by sector): Links for further information: Government: Associations: | 
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