OUR PURPOSE
Our products fuel the world – we make modern life possible.
We are united in achieving our purpose to provide safe, affordable, secure and reliable energy to the world. At Ovintiv, we will continue to pioneer innovative ways to provide energy while driving down global emissions both today and into the future. We are at the forefront of driving innovation to both profitably and sustainably produce oil and natural gas from shale.
Oil, natural gas, and natural gas liquids are essential to every aspect of life; from healthcare and education to the clothes we wear, the food we eat, the mobility we cherish, and the electronic technologies we rely on every day. It is evident, now more than ever, that energy security, reliability and affordability are critical to combating poverty, enhancing quality of life, driving our economies and supporting geopolitical stability.
We understand that we have a responsibility to enable energy security both at home and abroad while reducing our impact.
Powering
Daily Life
Our products drive our economy and are critical to nearly every industry that impacts our quality of life.
Petroleum products underpin almost all the critical inputs used in hospitals, from the ambulance that transports patients to the emergency room, to the reliable energy that powers hospitals and critical care units.
Petroleum products are also used to manufacture all critical life-saving medical equipment, from imaging, diagnostic, monitoring and life-sustaining devices to protective wear such as face shields and hazmat suits designed to keep our families alive, safe and healthy.
Our products are crucial to providing quality education. Access to education is one of the pillars of our children’s development and the training that prepares them for meaningful careers. Petroleum products heat, cool and power our schools and post-secondary facilities, provide materials for our desks, computers, phones, crayons, running shoes and bikes, and are the building blocks in infrastructure from playgrounds to research labs.
In an integrated world, we all rely on flexibility and mobility. Oil and natural gas provide the ability to reliably, economically and swiftly move people, equipment and products around the globe. Our integrated supply chains require secure, reliable, accessible and affordable energy. People enjoy the convenience of travel, appreciate the ease of online shopping and depend on the many other benefits of our modern transportation network.
Driving
Progress
Access to oil and natural gas resources directly improves quality of life and enables energy security at home and abroad. It supports geopolitical stability and job creation, boosts economic benefits and is foundational to modern life.
North American energy is a safe and reliable source of the energy the world needs. North American exports support both our national security and the security of our allies, providing secure and stable energy while helping lower global emissions.
The oil and natural gas industry is a significant direct and indirect contributor to the North American economy, especially in rural areas. The tax and royalty revenue paid to local governments fund the social, education, healthcare, infrastructure and conservation programs critical to building a strong and prosperous society.
Safe, affordable, secure and reliable energy is foundational to increasing quality of life. Energy costs matter and high energy costs directly jeopardize the most vulnerable people in our society. Whether it is higher home heating and power bills or skyrocketing prices at the pump, increasing energy costs put undue pressure on people and families who can least afford it, making it more difficult to access the important building blocks of society like healthcare, education and mobility.
Benefits of
Natural Gas
Natural gas is essential to making modern life possible. At Ovintiv, we are proud to produce this valuable resource and support the world’s energy needs today and into the future.
North America is a leader in producing natural gas, which is a naturally occurring energy source found underground in sedimentary basins. We use natural gas in a variety of ways in our daily lives, as raw materials for most of our everyday products, in our furnaces and air conditioners to heat and cool our homes and to generate electricity to keep the lights on and refrigerators running.
With abundant, low-cost natural gas reserves, North America has a reliable and secure source of energy for many years to come. In fact, between Canada and the U.S., there is enough natural gas to power both countries for over 100 years. (EIA FAQ 2022 and CAPP Natural Gas Factbook)
Natural gas is the cleanest burning fossil fuel. It produces roughly half the carbon dioxide of coal and one-tenth of the air pollutants when used in electricity generation. In the U.S., the shift from coal to natural gas has enabled the lowest level of per capita GHG emissions in over 50 years. (EIA Report, Sept. 2020)
As the world looks to a lower carbon future, natural gas will be an essential complement to renewable energy sources such as wind and solar. It is quick to start and stop and can provide the necessary baseload power to cover the naturally occurring gaps in renewable power production when the wind does not blow, or the sun does not shine.
Natural gas enables energy security both at home and abroad. In North America, we have a large underground pipeline system that safely transports natural gas for reliable energy to homes, businesses, power plants and storage facilities. Natural gas pipelines transport more than a quarter of the energy consumed in the U.S. and roughly 40% in Canada through almost three million miles of pipeline infrastructure. (American and Canadian Gas Associations)
In addition to being sent through pipelines, natural gas can be cooled into liquid form and transported by refrigerated truck to remote areas or by ship to Europe and Asia. The U.S. recently became the world’s largest liquified natural gas (LNG) exporter and work is underway to enable LNG exports in Canada. LNG export capacity enables North American natural gas – which is produced in a highly regulated and politically stable environment – to displace coal-fired power generation in places like India and China and offers supply optionality to European nations.
This tremendous emissions reduction in the U.S. (in 2020, emissions were the lowest per capita in 50 years) can be replicated by using North American natural gas to replace coal around the world.
Learning Resources
Energy fuels the engine of the modern world and has the power to bring billions more people out of poverty. Because energy touches every facet of our lives, it is highly political. Biases and emotions run deep, and facts and data are often distorted, or worse.
SEA’s global video and web-based approach engages students and general viewers in a positive conversation to work collaboratively on energy challenges. SEA reaches millions of people of all ages around the world where they live and learn: online, in classrooms, in professional training and in museums.
Visit Switch Energy Alliance (switchon.org) for an objective, non-partisan view of the world’s energy future.
Positive Energy is an initiative of the University of Ottawa that seeks to harness the influence of the university to bring together academic researchers and senior decision-makers from industry, government, Indigenous organizations, local communities and environmental organizations to help strengthen public confidence in energy decision-making.
Formed in 2015, Positive Energy has undertaken significant public opinion research and released research papers that focus on fact-based analysis of topics such as Public Confidence in Energy Decision-Making and Canada’s Energy Future in an Age of Climate Change.
For an academic, research-based perspective on the challenges facing energy development, visit Positive Energy (uottawa.ca).