U.S., Dec. 6 -- On 3 December the Canada Energy Regulator (CER) launched its long-term energy outlook focused on the effects of new technologies, infrastructural upgrades, legislation and consumer attitudes on the market over the next two decades.
CER used the current economic outlook, energy prices and current climate and energy policies to develop its report baseline.
The report, Canada's Energy Future 2019: Energy Supply and Demand Projections to 2040, highlighted that energy use per Canadian will drop by 15% by 2040, but crude oil and natural gas production will rise despite this and the projected decline of fossil fuel consumption.
Crude oil production will grow by 50% between 2018 and 2040, while natural gas production will rise b...