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Energy Fact Book, Spring 2026 Edition: Investment

Investment in energy systems ensures that the energy Canadians need is available and is used efficiently, while supporting economic opportunities and exports. Investment in energy innovation is an important element in the development of a clean economy.

Download the full Energy Fact Book, Spring 2026 Edition (PDF, 26.89 MB)

Download Section 2 of the Energy Fact Book, Spring 2026 Edition (PDF, 2.13 MB)

Learn more about energy investment in Section 2 of the Energy Fact Book including:

  • Capital expenditures and environmental protection expenditures
  • Foreign direct investment and Canadian direct investment abroad
  • Canadian energy assets abroad, foreign control of assets, major energy projects in Canada, Canada's energy infrastructure
  • Research, development and demonstration (RD&D) and mission innovation

Key facts

  • Capital expenditures in Canada's energy sector totaled $89 billion in 2025. Oil and gas extraction was the largest area of energy sector capital expenditure at $42 billion in 2025, followed by electrical power generation and distribution ($34 billion).
  • Fuel, energy and pipeline infrastructure make up the largest proportion of Canada's infrastructure at 31% of net stock in 2025. Investment and operations of the infrastructure created 169.5 thousand jobs and $31.4 billion in gross domestic product (GDP).
  • In 2025, there were 205 planned (announced, under review, or approved) major energy projects worth $378 billion, and 113 energy projects under construction worth $132 billion. There were 186 clean technology projects valued at $240 billion.
  • The stock of foreign direct investment (FDI) in the energy sector rose in 2024 to $157 billion (+12.4% over the previous year). The energy industry's share of overall FDI in Canada was 10% in 2024, same as in 2023.
  • In 2023-24, federal energy research, development and demonstration expenditures were $1.5 billion and provincial and territorial government expenditures were $396 million, for a combined total of $1.9 billion.

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