🍁 Canada Energy Profile ~60% Hydro — World's Largest Producer Ontario Nuclear Fleet — Bruce + Darlington Alberta Oil Sands — 5M bpd — 3rd Largest Reserves

~680 TWh/yr National Generation Quebec + BC: Near-100% Hydro Grids Bruce Power — 6,300 MW — World's Largest Operating Nuclear Site Clean Electricity Regulations — 2035 Non-Emitting Grid Target
~60%
Hydro share
~410 TWh/yr
~15%
Nuclear share
Ontario fleet
~11%
Natural gas share
declining
5M bpd
Oil sands production
Alberta (2024E)
14 mtpa
LNG Canada Phase 1
Kitimat BC, 2025E
2035
Clean Electricity
Regulations target
🍁 Canada: The World's Cleanest Major Economy — Because of Geography, Not Policy
Canada generates ~680 TWh/yr of electricity — roughly 60% from hydropower, making it the world's third-largest hydro producer after China and Brazil. Canada's clean electricity share (~80% hydro + nuclear + wind/solar) is among the highest of any G7 nation — but this reflects geography (abundant rivers) as much as deliberate policy. The story is profoundly regional: Quebec and British Columbia have near-100% hydro grids (effectively zero-carbon); Ontario runs on nuclear (~60%) + hydro + gas; Alberta and Saskatchewan are fossil-fuel dominated (coal + gas). Canada simultaneously exports clean electricity to the US (particularly New England and New York from Quebec) while running the world's third-largest oil and gas industry. Alberta's oil sands produce 5 million barrels/day — more than Iraq or Iran — and represent one of the highest per-barrel carbon intensity oil resources globally (~80 kgCO₂/bbl vs ~40 kgCO₂/bbl for conventional crude). The federal government's Clean Electricity Regulations (2023) target a 100% non-emitting national grid by 2035 — requiring Alberta and Saskatchewan to decarbonise their grids within 11 years. LNG Canada (Shell led, 14 mtpa Phase 1) at Kitimat BC is the first major Canadian LNG export terminal — first cargo expected 2025 — opening Canadian gas to Asian markets for the first time.

National Generation Mix (%, 2024E)

Source: Canada Energy Regulator (CER) National Energy Board; Statistics Canada Electricity Statistics; Natural Resources Canada (NRCan); IEA Canada 2024; EIA Canada International; CER Electricity Generation by Province; Canada Electricity Advisory Council; BloombergNEF Canada; Wood Mackenzie Canada Power

National Generation Trend (TWh, 2010–2035E)

Source: CER Canada Energy Future 2023; NRCan Energy Factbook 2024; Statistics Canada Electric Power Generation; IEA Canada; Canada Electricity Advisory Council 2035 Clean Electricity Study; BloombergNEF Canada Power; Wood Mackenzie Canada; Environment and Climate Change Canada (ECCC) Clean Electricity Regulations RIA; Canadian Nuclear Association; Canada Hydro Association

Generation Capacity by Source (GW, 2024E)

Hydropower (conventional + pumped)
~83 GW
Natural Gas (CCGT + peakers)
~24 GW
Nuclear (Ontario — Bruce + Darlington + Pickering retirement)
~14 GW
Wind
~15 GW
Coal (Alberta/Saskatchewan, declining)
~8 GW
Solar PV
~6 GW
Source: CER National Energy Board; EIA Form 860 Canada; Statistics Canada; IESO Ontario Capacity; BC Hydro; Hydro-Québec; Alberta Electric System Operator (AESO); NB Power; BloombergNEF Canada Capacity