Through our partnership collectively, and that's our strength, we are able to come together to respond to an example such as we see in Alberta. Let me just paint a picture for you.
A 1% energy-efficient reduction can deliver up to $14-million in savings. That can be disbursed within a community. It's a 1% important way to think about what we're talking about here today. It affects SMEs, wine producers, first nations—everyone we're talking about today.
How does this relate to oil workers? Well, we're thinking about the opportunities here. At the end of the day, investment of about a million dollars in energy efficiency can generate 15 to 79 jobs, on average, depending on where you are in Canada and what's going on. One way of thinking about this is that it's a substitution. It's an opportunity to expand growth and opportunities for workers who are looking for new areas of employment. It's something that Alberta has been a leader in through their own investments at the provincial level in their new strategies for clean-energy opportunities. This is how we see it dovetail.
As to geothermal, this is used often in drilling areas that are no longer in use. Actually, you have to think of it as energy storage. It's an opportunity to harness that energy and put it back into the electricity grid. It's repurposing an existing field, retooling people who are in the drilling sector, and thinking of them as being able to be employed.
You can't get there right away. That's what this whole partnership is about, and that's why why Natural Step is so critical to their roles. It's helping businesses like Suncor understand how to retool their existing assets, helping them understand where they can deploy them. They can't do that on their own. They need to have the provincial government engaged. In some cases, they need to have the utilities as well as the local government.
At the end of the day, it goes right down to that end-user. That's where things like CoLab come in. They're trying to pull all that together to create an opportunity for our interest in clean energy generation to become action on the ground. That's how we're pulling that together.