Canada plans major east and west coast power projects to boost clean energy, connect provinces, and reduce US trade reliance, reports Bloomberg. Minister Tim Hodgson says expanding the grid is key to economic growth and positioning Canada as an energy superpower. The government also aims to fast-track energy approvals and support carbon capture and critical minerals development. They write:
Canada is likely to see major new electricity transmission projects on the east and west coasts as the government moves to increase energy production, the country’s natural resources minister said.
Tim Hodgson told Bloomberg News that electricity grids are an “incredibly important” part of the drive to strengthen the economy in the face of the Trump administration’s protectionist policies. Prime Minister Mark Carney has stated many times that his objective is to make Canada an “energy superpower.” […]
The North Coast transmission line has “huge potential to unlock critical mineral corridors in northwestern BC, potentially in Yukon if it gets extended up into the Yukon,” Hodgson said. […]
The biggest issue is ensuring that China isn’t undercutting prices. “There are tools that we are developing and working on” for that, Hodgson said, without being specific. Canada is pitching itself as “a great reliable partner with some of the best critical mineral assets in the world.”
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