Liberal Leader Mark Carney promised a robust approach to disrupt Canada’s energy reliance on the U.S. and turn the country into a “leading energy superpower.” Read More
The approach, he promised, will disrupt Canada’s energy reliance on the U.S. while building up domestic clean energy sources and encourage a long-term competitive economy
The approach, he promised, will disrupt Canada’s energy reliance on the U.S. while building up domestic clean energy sources and encourage a long-term competitive economy
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Liberal Leader Mark Carney promised a robust approach to disrupt Canada’s energy reliance on the U.S. and turn the country into a “leading energy superpower.”
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The approach comes with three objectives: energy security, trade diversification and long-term competitiveness, the leader explained during a media briefing Wednesday morning at the International Associates Of Bridge Structural & Ornamental Iron Workers Local Union 725 building.
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“As a nation, we’ve played it too safe by relying on the United States,” Carney said. “It’s time to realize our full potential.”
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The remarks come in the midst of trade tensions with the U.S. President Donald Trump announced a 90-day pause on all new global tariffs, except for those on China, but Canada continues to reel from previous tariffs placed on aluminium, steel and the auto industry.
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Since March 4, Trump has also placed a 10 per cent tariff on all energy and potash exports from Canada.
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The new measures, Carney said, would reduce a reliance on the U.S. by replacing imported U.S. energy with domestic product and developing clean energy and lowest-carbon conventional energy sources to build a competitive economy.
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His plan to develop clean energy will mean investing in critical mineral projects, accelerating exploration and extraction from recycling and connecting projects to a supply chain via a newly introduced First and Last Mile Fund (FLMF).
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“Getting these projects built faster while creating good-paying jobs,” he said.
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Carney promised to fast-track clean energy projects, working with provinces, territories and Indigenous groups to identify those of national interest and incentivize them using the current federal suite of tax credits and the Canada Growth Fund, and ensure that projects only go through one review, upholding environment standards and Indigenous consultation, issuing decisions within two instead of five years.
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Funding for Indigenous communities to be able to engage on projects early and consistently will be doubled, he added.
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Carney has also promised new national trade and energy corridors between federal, provincial and territorial governments via a $5-billion Trade Diversification Corridor Fund and with capacity funding doubled for Indigenous communities to be able to engage in projects early and consistently.
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He also promised to build out an east-to-west electricity grid to ensure Canadians’ access to clean and domestic electricity.
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Carney described his approach as an economically sound one that “catalyzes enormous private investment to get Canada building again while spending less by balancing our operating budget,” he said, “rather than pursuing austerity that will leave us dangerously reliant on the United States.”
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To learn more about who’s running in your riding and the focus of their campaigns, check out our list of federal election candidates in Calgary and Southern Alberta.
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