Powering the world
Canada has an abundance of natural resources right under our feet and just off our coasts – oil, gas, minerals, metals, forest products – and we can power the world with them.
If we can mine and export the materials needed for electric cars and wind turbines in the most sustainable way; produce the cleanest natural gas in the world to displace coal in Asia; and produce Canadian oil with less energy, less water, and less pollution – we are fighting climate change.
This is our opportunity – to create jobs and a clean world for our kids and grandkids.
Displacing Coal With LNG
Hard-working oil and gas workers have helped build communities across Canada, and will help build Canada’s clean, innovative and competitive energy future. The LNG Canada consortium will invest $40-billion in Canada, to export natural gas to Asian markets to replace coal power. This project was developed with strong Indigenous partnerships, including the Haisla Nation. It is the largest private-sector investment in Canadian history, creating up to 10,000 jobs with hundreds of millions of dollars in partnerships with Indigenous businesses. It will help some of the world’s biggest polluters take action on climate change by switching from coal to LNG. A win for the economy and the environment.
Taking action on expanding our energy opportunities
We are working to maximize the value of Canada’s assets for all Canadians. This requires finding ways to connect our energy products, technologies and services to the global market.
The Government of Canada is supporting initiatives across the country that are powering the world:
- $2.5B to support clean infrastructure, including $275M for natural gas production and liquefied natural gas export facilities that have the lowest emissions
- $83.6M for construction of the Peace River transmission line to help clean electricity meet current and future demand, including for potential natural gas development
Competitiveness and innovation
- the Accelerated Investment Incentive, which will allow businesses in the energy sector to write off a larger share of the cost of newly acquired assets
- the Accelerated Capital Cost Allowance, which will allow businesses to write off the full cost of specified clean energy equipment
- $50M through the Clean Growth Program to reduce the impact of the oil and gas sector on water, air and land
- Developing cutting-edge carbon capture and storage technologies
Getting products and services to market
- $773M accelerated investment for the National Trade Corridors Initiative to help get products to international markets
- Developing priority markets by strengthening government-to-government and business-to-business relationships
- Investing in strategies and partnerships to grow exports of clean energy products, services and technologies
- Canada enjoys free trade agreements with two-thirds of the world’s economy and is the only G7 country that has free trade with all other members, making it easier to move Canada’s energy products and services all over the world
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