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Our region and industry are experiencing incredible growth. With best-in-class incentives, a talented workforce, and community support, businesses that start here find their footings and take off. As the epicentre of the Canadian oil and gas industry, we attract incredible industry partners who spend wisely with our local business community.
Reasons to choose FMWB
When choosing where to take your business next, many factors influence the decision. The following is a short list of facts that we believe make our region a top choice for expanding businesses.
- We are home to the 3rd largest proven oil reserve in the world
15% of Canada’s Oil & Gas Extraction industry workforce is employed in Wood Buffalo
- There are 100 Billion Barrels of oil remaining in the Athabasca Oil Sands, which is about 100 years of activity.
- 96% of Canada’s oil comes from Oil Sands
- We are home to the Athabasca Oil Sands Oil Sands industry. Over the next 11 years, it is projected to contribute $1 Trillion to the Canadian GDP.
- For 2021, capital investment in the oil sands is forecast at $7.3 billion, up approximately 8% from an estimated $6.7 billion in 2020.
- Increased capital spending for 2021 is a positive sign.
- Oil sands development benefits Albertans—and Canadians across the country. Through direct and indirect employment, taxes and royalties that support education, health care, infrastructure construction and more, the oil sands are a source of prosperity across the nation.
