The government says it is not a profit-making enterprise.
But the federal agency overseeing the country’s oil and gas exploration and development has been under increasing pressure to reduce its dependence on foreign oil for decades.
The government has also been forced to spend billions on oil and natural gas pipelines and rail infrastructure.
The cost of doing business in the oil and Canadian mining industries has soared in recent years, pushing the government to spend more on infrastructure than it has for a decade.
“In the last couple of years, we’ve seen a number of challenges in the industry, particularly in terms of the increase in cost of operating a business,” said Doug Wilson, the Minister of Infrastructure and Communities.
“That’s been an ongoing challenge, and it’s not going away.”
But Mr. Wilson said the oil industry is still in good shape and it is working to make the best use of its resources.
“It’s very important that we continue to invest in infrastructure, and we do,” he said.
“And the fact that the oil companies are still profitable, and are profitable, means we’re not going to lose sight of the fact there’s more work to be done.”
The government said it will spend $1.1 billion to help meet its long-term goals for natural gas development and supply.
The money will be used to upgrade the pipeline infrastructure in the Lower Mainland, expand the capacity of its rail network and increase the reliability of its power lines.
In addition, it will provide a $500-million loan to help companies develop new fields, including new pipelines and mines.
The funding is to help finance capital investments for the next few years.
The new projects include a proposed $30-billion expansion of the Trans Mountain Pipeline, to run from Alberta to the coast of B.C. and to provide the company with more capacity to export oil to Europe.
The project will be completed by 2021, and the government expects to reap the benefits in 2023.
It will also provide $100 million to the B.L.P. to help fund a liquefied natural gas plant in Victoria, which the government said will be built with more than $3-billion in capital.
The province is also planning a new mine in Alberta’s oilsands, to supply natural gas to the Pacific Northwest.
Mr. Wallin said the federal government’s recent announcement on natural gas funding is an important step towards fulfilling its commitment to provide more affordable, reliable and reliable energy.
“I think we’ve got a very robust plan in place,” he told reporters at the National Energy Board, where he said the government is trying to meet its greenhouse gas reduction targets.
“The bottom line is, we want to invest more in the energy infrastructure of the economy, not just in the sector that we’re looking at now, but in the next decade.”
The new funding announcement came as the government announced it is moving forward with a plan to increase the number of pipelines crossing the country.
The proposed Keystone XL pipeline from Alberta’s tar sands to refineries in the U.S. would carry Alberta’s oil to refiners along the coast.
The company’s parent company, TransCanada Corp., has been fighting to keep the project under consideration because of the environmental impacts it would have on the environment.
“We will be working to ensure the Keystone XL project is a viable, viable project,” TransCanada spokesman Greg Wyler said in a statement.
“Canada will be putting in place safeguards to make sure that this pipeline doesn’t get built, and that we don’t see it get built.”
Mr. Wyler also said that the government will be providing a $1-billion loan to build and operate an additional 200 kilometres of pipeline in the northern part of Canada, from New Brunswick to Nova Scotia.
The $1 billion loan would help pay for the new pipeline, which will connect with the existing Keystone XL to the Gulf Coast.
The loan is being extended until at least 2021, the government’s statement said.
The pipeline, dubbed the Northern Gateway, would be the first in the world to cross the border to export Canadian oil.
It would also connect to the existing Trans Mountain pipeline, to provide a pipeline to the U,S.
Gulf Coast, and would also carry Canadian oil to a proposed refineries on the Gulf of Mexico.
The Northern Gateway project would cross the Canadian border twice, carrying roughly 4.2 million barrels of oil a day.
TransCanada has previously been battling with federal officials over its proposal to build a new pipeline from the Gulf coast to the Arctic Ocean.
It’s the first pipeline project approved by the federal regulator since a court ruling in 2012 in favour of the Northern Alberta oilpatch, which included a requirement that TransCanada provide assurances that it would not harm the environment if the pipeline is built.
The decision was overturned by the Supreme Court of Canada in 2014.
Trans Canada is expected to appeal that decision.
The Federal Court of Appeal upheld the federal court ruling that the Northern Keystone would not disturb