Canadian Association of Petroleum Producers (CAPP)
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Definition: Canadian Association of Petroleum Producers (CAPP)
Canadian Association of Petroleum Producers (CAPP) is an advocacy group that supports upstream oil, oil sands and natural gas industry in Canada. It ensures economic competitiveness in the industry and is also responsible for safe and environmentally and socially responsible growth of oil and natural gas industry.
As per CAPP report in 2011, CAPP members contribute up to 90% in the production of crude oil and natural gas and also generate a revenue of USD 100 billion. Main objectives of CAPP are: to facilitate an understanding between the oil and natural gas industry and the general public, to encourage cooperation between the oil and natural gas industry and governments and other authoritative bodies, to provide a forum for the discussion of issues pertaining to the industry and members of CAPP, to promote better understanding between the Association and purposes.
CAPP compiles statistics and data that provides a broad overview of Canada's oil and natural gas industry as well as a historical summary of the petroleum industry in Canada. CAPP also publishes timely report which includes forecast of supply of crude oil in conjunction with potential markets, existing transportation infrastructure and proposed transportation projects to serve the markets. So this report serves as a reference document for government, industry, media, general public and environmental groups.