Industry news
The energy industry in North America
Covering the 4th highest oil-producing region in the world, Canada, and the top oil-producing country, the United States of America, North America is one of the most significant oil-producing regions in the world. The region has seen a huge increase in output in recent years and now accounts for over 23% of the worlds’ oil output. This growth has been driven in particular by the pioneering role the US has played in fracking in both Texas and North Dakota. The growth is expected to continue with Canada anticipating an increase of over 100% in production by 2050, led by oil sands production in the Alberta region. The United States has also seen the renewable energy sector grow massively since 2000, with over 17% of electricity generated from renewable sources in 2018.
