Today, I am announcing investments of over $165 million for 22 Canadian projects focused on accelerating planning, development and processing projects here at home.
Today, Canada produces 60 minerals and metals at approximately 200 mines from coast to coast to coast. We are the world’s leading producer of potash, second in uranium, third in palladium and a top-five producer of eleven other critical minerals.
Our first priority is ensuring the economic strength of Canada, but not in the abstract: we are focused on term sheets signed, investments made and KPIs hit. Projects either get built or they don’t; capital either flows here or it goes elsewhere; and families either see new opportunities before them or they don’t.
That’s why the centrepiece of my economic strategy as Minister of Energy and Natural Resources is the Major Projects Office, headquartered right here in Calgary.
Energy markets are being reshaped by conflict, technology and the accelerating drive toward net zero. Citizens around the world need secure and affordable energy; investors need the conditions that make it possible to deploy capital; and governments must deliver economic growth while reducing emissions.
Let a moment of crisis catalyze a new era of strength in the form of reliable, responsible and resilient energy and critical mineral supply chains. So, whether you are a line operator in Windsor, a clean tech entrepreneur in Tokyo or a young family in Kharkiv, you can plan your life with confidence in the freedom and security you deserve and the power that underpins it all.
Canada is honoured to host this year’s G7 Energy and Environment Ministers’ Meeting fifty years after the G7 first came together to confront challenging times, and now, once again, to rise to the tests — and opportunities — of a quickly changing world.
Energy markets are being reshaped by geopolitical conflict, technological revolutions and the accelerating drive toward net zero. Citizens of the world require secure and affordable access to energy, investors are seeking clarity and confidence to deploy capital, and governments are working to deliver both climate ambition and economic growth.