On October 16, the Council of Canadian Academies released a report commissioned by Industry Canada, based on a survey of more than 1,000 Canadian firms. It provides an overview of how Canadian businesses have adapted to rising and increasingly volatile energy prices. “The Panel focused on Canadian sectors that are particularly exposed to energy prices and therefore potentially vulnerable to changes: the energy intensive resource-based, manufacturing, and transport sectors; the capital intensive oil and gas, mining, and electric power sectors; and the transport equipment sector”.
59% of firms surveyed have invested in equipment to manage energy costs over the past few years; only 18% of surveyed firms had access to information that allowed them to benchmark their energy efficiency against their competitors (the Forest Products industry being one example of an industry that does benchmark).
The report was prepared by a 13-member expert panel, chaired by Fred Gorbet . See Energy Prices and Business Decision-Making in Canada: Preparing for the Energy Future at: http://www.scienceadvice.ca/en/assessments/completed/energy-prices.aspx (English), and http://sciencepourlepublic.ca/fr/assessments/completed/energy-prices.aspx (French), with an abridged English version (6 pages) at: http://www.scienceadvice.ca/uploads/eng/assessments%20and%20publications%20and%20news%20releases/energy_prices/energyprices_rif_en.pdf.