Category: canada

Mapped: Average Wind Speed Across the U.S.


This post is by Omri Wallach from Visual Capitalist


a map of average wind speed across the continental U.S. in 2021

Click to view a larger version of the graphic.

Mapped: Average Wind Speed Across the U.S.

Wind energy is a hot topic in North America and around the world as a decarbonization tool, but full utilization requires a lot of wind.

This graphic from the team at the Woodwell Climate Research Center maps the average wind speed of the continental U.S. based on NOAA data from 2021.

Zooming in, you can examine North America’s wind regions and patterns in great detail. Clearly visible is the concentration of high wind speeds in the Great Plains (known as the Prairies in Canada), which has the greatest potential for wind power. You can also follow westerly winds traveling through the North American Cordillera of mountains, including the Rocky Mountains and Cascades.

Meanwhile, the Eastern U.S. and Canada have significantly lower average wind speeds, especially in the American South. That’s despite hurricanes with extremely high winds occasionally moving northward along the Eastern Seaboard towards the North Atlantic.

For more on on U.S. energy, head to Visualizing the Flow of U.S. Energy Consumption.

9 Factors Sparking the Future of Mining and Mineral Exploration in British Columbia



The following content is sponsored by BCRMA

Future of mining in British Columbia

9 Factors Sparking the Future of Mining in British Columbia

Jurisdictions are an important factor in building a successful mineral exploration project.

In Canada, British Columbia (B.C.) is building a brighter future for mining and mineral exploration.

This infographic from our sponsor B.C. Regional Mining Alliance (BCRMA) details nine factors that make the province the right jurisdiction for mining.

#1: A Strong Mining Ecosystem

B.C. has a long history of mining that has produced a wealth of global industry experts. Today, the region is bustling with exploration activity and has:

  • 326 active exploration projects
  • $660 million in 2021 exploration spending
  • Over 1.4 million meters of exploration drilling in 2021
  • 17 operating metal and coal mines

In addition, the province also offers comprehensive geological data, research from leading institutions, and over 3,700 mining supply companies.

#2: Geological Potential

B.C.’s mining ecosystem is built on its robust history and immense geological potential. In 2020, the province produced a diverse range of commodities, including gold, silver, copper, and other base and industrial metals.

Mineral2021 Production Value (billions)% of Total Value
Steelmaking coal$6.3B49.7%
Copper$3.7B29.3%
Gold$1.5B12.1%
Construction aggregates$0.5B3.6%
Industrial minerals$0.4B3.4%
Other$0.2B1.9%
Total$12.6B100.0%

B.C. is Canada’s only producer of molybdenum, used in metallurgy and chemical applications, in addition to being Canada’s leading producer of copper and steelmaking coal.

The province’s Golden Triangle located in the northwestern region contains some of the most (Read more...)

The Surge in Climate Risk Reporting



The following content is sponsored by the Carbon Streaming Corporation

 

Climate Risk Reporting

The Briefing

  • The Task Force on Climate-related Financial Disclosures (TCFD) provides a global framework for organizations to disclose climate-related risks and opportunities.
  • Since 2018, the number of TCFD supporters has grown five-fold.
  • Over 1,000 financial institutions support the TCFD, representing $194 trillion in assets.

The Surge in Climate Risk Reporting

An average of $2.5 trillion—or 1.8% of global financial assets—would be at risk from climate change if global temperatures rise over 2.5℃ by 2100.

Given that climate change imposes a risk to the world’s assets, reporting on climate-related risks and opportunities is becoming front and center for organizations amid growing pressure from investors and governments.

The Task Force on Climate-related Financial Disclosures (TCFD), created by the Financial Stability Board (FSB) in 2015, provides a global framework for such disclosures. This graphic sponsored by Carbon Streaming Corporation charts the rapid growth in support for climate risk reporting under the TCFD framework.

The Support for Climate-related Disclosures

The number of organizations supporting TCFD has grown five-fold in just three years, at an average annual rate of 73%.

YearNumber of TCFD SupportersCombined Market Capitalization
2018513$8T
2019785$9T
20201,512$13T
20212,616$25T

As of 2021, over 2,600 organizations supported the TCFD framework, with a combined market capitalization of $25 trillion. These organizations span 89 different countries and jurisdictions, highlighting the global support for climate risk reporting.

Additionally, 1,069 or nearly 41% of (Read more...)

Interactive Map: Crude Oil Pipelines and Refineries of the U.S. and Canada



Mapped: Crude Oil Pipelines and Refineries of the U.S. and Canada

Pipelines are the primary method of transporting crude oil around the world, delivering oil and its derivative products swiftly to refineries and empowering reliant businesses.

And North America is a major oil hub. The U.S. and Canada alone are home to more than 90,000 miles of crude oil and petroleum product pipelines, along with more than 140 refineries that can process around 20 million barrels of oil every day.

This interactive graphic uses data from Rextag to map out crude oil pipelines and refineries across the U.S. and Canada, showcasing individual pipeline diameter and daily refinery throughput.

The Longest Crude Oil Pipeline Networks in North America

Since 2010, U.S. crude oil production has more than doubled from 5.4 million barrels a day to more than 11.5 million. Meanwhile, the pipeline networks needed to transport this newly produced oil have only expanded by roughly 56%.

Today, the largest pipeline network across the U.S. and Canada (with a diameter of at least 10 inches) is the 14,919 mile network managed by Plains, which spans from the northwestern tip of Alberta all the way down to the southern coasts of Texas and Louisiana.

CompanyLength of Crude Oil Pipeline Network
Plains Pipeline LP14,919 miles
Enbridge Energy Partners LP12,974 miles
Sunoco Inc.6,409 miles
MPLX LP5,913 miles
Lotus Midstream5,767 miles

Source: Rextag

Enbridge owns the next largest crude oil pipeline network, with 12,974 miles of crude oil pipelines (Read more...)

Showcasing the Strength of Canadian Gold Mining



The following content is sponsored by Clarity Gold.

Showcasing the Strength of Canadian Gold Mining

Gold mining has long played an integral role in shaping Canada’s cities and its modern day economy. The gold mining infrastructure that was built alongside the country’s towns in the 19th century has grown to provide $21.6 billion worth of exports for Canada in 2020.

When combined with the country’s superb geology, Canada’s jurisdictional strengths make it one of the most prolific and secure locations in the world for mining companies to explore, develop, and produce gold.

This infographic sponsored by Clarity Gold dives into how Canada has grown into a nation built for gold mining. Both in how the country facilitates the production of gold, and how the gold mining industry supports Canada’s economy and local communities.

Canada’s Golden Geology and Production

Gold is scattered across the Canadian landscape in a variety of gold mining regions and districts, with the most prolific located between Ontario and Québec.

The 2 billion year-old Archean greenstone belt that arcs through the centre of the Canadian shield provides the foundation for the Abitibi gold belt, which has produced more than 190Moz of gold.

Gold Mining District/RegionProvinces/TerritoriesGold Produced (million troy ounces)
Abitibi Greenstone BeltOntario and Québec>190Moz
Trans-Hudson CorridorSaskatchewan and Manitoba>40Moz
Red LakeOntario>30Moz
Golden TriangleBritish Columbia>5Moz

Source: Resource World

The Trans-Hudson corridor in Saskatchewan and Manitoba has produced more than 40Moz of gold, while the Red Lake mining district (Read more...)

The History of the Abitibi Gold Belt



The following content is sponsored by the Clarity Gold

The Abitibi: Canada’s Golden Powerhouse

At the heart of Canada lies a greenstone belt that has provided the nation with more than 90% of its gold production. With more than 100 years of gold discovery in the Abitibi region located between Québec and Ontario, this area was the kiln that helped forge the Canadian mining industry.

Ever since the discovery of gold at Lac Fortune in 1906, the Abitibi has grown to become one of the world’s most prolific gold mining regions, and has produced over 190 million ounces of gold.

This graphic sponsored by Clarity Gold maps the history of gold discovery in the Abitibi and showcases the region’s overburden thickness. With a history of prolific discovery and production, there’s still plenty to explore under the Abitibi’s areas of thick overburden.

A Timeline of Gold Discovery in the Abitibi

Canada, known more for beaver pelts and timber, did not reveal its riches immediately. There were only a handful of gold discoveries in its early history. Gold was first discovered in 1823, on the shores of Rivière Chaudière in Québec, further east of the region known as the Abitibi today.

But as settlers spread west, gold surfaced in British Columbia and the Yukon in the late 1800s, kicking off the Cariboo and Klondike gold rushes. It wasn’t until the 1900s that gold was found in the Abitibi greenstone belt, marking the beginning of the modern era for the Canadian (Read more...)

The History of the Abitibi Gold Belt



The following content is sponsored by the Clarity Gold

The Abitibi: Canada’s Golden Powerhouse

At the heart of Canada lies a greenstone belt that has provided the nation with more than 90% of its gold production. With more than 100 years of gold discovery in the Abitibi region located between Québec and Ontario, this area was the kiln that helped forge the Canadian mining industry.

Ever since the discovery of gold at Lac Fortune in 1906, the Abitibi has grown to become one of the world’s most prolific gold mining regions, and has produced over 190 million ounces of gold.

This graphic sponsored by Clarity Gold maps the history of gold discovery in the Abitibi and showcases the region’s overburden thickness. With a history of prolific discovery and production, there’s still plenty to explore under the Abitibi’s areas of thick overburden.

A Timeline of Gold Discovery in the Abitibi

Canada, known more for beaver pelts and timber, did not reveal its riches immediately. There were only a handful of gold discoveries in its early history. Gold was first discovered in 1823, on the shores of Rivière Chaudière in Québec, further east of the region known as the Abitibi today.

But as settlers spread west, gold surfaced in British Columbia and the Yukon in the late 1800s, kicking off the Cariboo and Klondike gold rushes. It wasn’t until the 1900s that gold was found in the Abitibi greenstone belt, marking the beginning of the modern era for the Canadian (Read more...)

FreshBooks reaches $1B+ valuation with $130.75M for its SMB-focused accounting platform



FreshBooks, a Toronto-based cloud accounting software company focused on SMBs, announced today it has secured $80.75 million in a Series E round of funding, as well as $50 million in debt financing.

Existing backer Accomplice led the equity financing, which the company described as “an inside round” that propelled FreshBooks to unicorn status with a valuation of “over $1 billion.” 

J.P. Morgan, Gaingels, BMO Technology & Innovation Banking Group and Manulife also participated in the equity investment, along with platform partner and new backer Barclays. With the new capital injection, FreshBooks has now raised a total of more than $200 million in funding over its lifetime.

FreshBooks has built a cloud-based accounting software platform designed to make things like invoicing, expenses, payments, payroll and financial reporting easier for small business owners and self-employed people (and their clients). The company, which says it has served more than 30 million people in over 160 countries, was bootstrapped for the first decade of its life.

As in the case of many startups, FreshBooks was started to solve a pain point for one of its founders. In 2003, FreshBooks’ co-founder Mike McDerment was running a small design agency. When it came to billing clients, he found Word and Excel frustrating to use and felt like they weren’t built to create professional-looking invoices. So he coded his own solution that became the foundation of what is now FreshBooks. The company was self-funded until (Read more...)

The Top 100 Companies of the World: The U.S. vs Everyone Else


This post is by Omri Wallach from Visual Capitalist


Top 100 Companies of the World vs US

The Top 100 Companies of the World: U.S. vs Everyone

When it comes to breaking down the top 100 companies of the world, the United States still commands the largest slice of the pie.

Throughout the 20th century and before globalization reached its current peaks, American companies made the country an economic powerhouse and the source of a majority of global market value.

But even as countries like China have made headway with multi-billion dollar companies of their own, and the market’s most important sectors have shifted, the U.S. has managed to stay on top.

How do the top 100 companies of the world stack up? This visualization pulls from PwC’s annual ranking of the world’s largest companies, using market capitalization data from May 2021.

Where are the World’s Largest Companies Located?

The world’s top 100 companies account for a massive $31.7 trillion in market cap, but that wealth is not distributed evenly.

Between companies, there’s a wide range of market caps. For example, the difference between the world’s largest company (Apple) and the 100th largest (Anheuser-Busch) is $1.9 trillion.

And between countries, that divide becomes even more stark. Of the 16 countries with companies making the top 100 ranking, the U.S. accounts for 65% of the total market cap value.

Location# of CompaniesMarket Capitalization (May 2021)
?? United States59$20.55T
?? China14$4.19T
?? Saudi Arabia1$1.92T
?? Switzerland3$0.82T
?? Netherlands3$0.58T
?? Japan3$0.56T
?? France2$0.55T
?? Germany3$0.46T
?? South Korea1 (Read more...)