1. Place canola oil in a saucepan over medium-high heat.
2. Toast the rice for five minutes, stirring constantly.
3. Stir in tomato sauce, water, chili powder, and salt.
4. Bring to a quick boil.
5. Turn heat to simmer, cover, and cook for 20 minutes.
6. Turn off heat and stir in black beans and cover until ready to serve.