Prime Minister Mark Carney has put a C$1 trillion price tag on the cost to double Canada’s electricity capacity by 2050 — a pivotal project that will be highly reliant on American imports.
Carney’s hopes of forging an industrial strategy to woo foreign companies while making Canada less reliant on the United States will require a reliable source of low-emission, cheap electricity.
“In a rapidly changing world, Canada must become the source of our own affordable, clean, reliable power,” Carney told reporters in Ottawa on Thursday. “Because when we master energy, we master our destiny.”
The “ultimate” goal, Carney said, is to “affordably transition to a low emission — ultimately a net-zero — economy that’s more competitive, more independent [and a] more reliable power system.”
