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CALGARY – Canadians will use less oil and gas in the future, while pumping more of it than ever before, a new report from the National Energy Board shows.

Canada’s energy and pipeline regulator released its annual energy and power forecast on Wednesday, which painted a divergent picture of the country’s supply and demand for energy wherein the country continues to produce more and more energy while using less.

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The report is a forecast of oil, natural gas, nuclear and renewable power sources over time and shows that “Canada is becoming more energy efficient,” NEB chair Peter Watson said during a speech to the Toronto Board of Trade.

The report, titled Canada’s Energy Future, forecasts domestic oil production will grow by 58 per cent and natural gas production will grow 29 per cent between now and 2040, while domestic energy demand grows by just 5 per cent – or less.