Has Canada entered a new era of energy and economic development? Titelbild

Has Canada entered a new era of energy and economic development?

Has Canada entered a new era of energy and economic development?

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Canada has the resources and expertise to become an energy superpower. But realizing that potential will depend on whether the country can attract investment, build major projects and create the reliable energy system our economy will need in the years ahead. In the first episode of The Growth Lens by Scotia Growth Institute, Peter Tertzakian, leading energy economist with Studio.Energy and the Institute’s Strategic Advisor, sits down the Institute’s Global Head of Research Patrick Bryden to discuss the changing landscape for Canada’s energy sector and the impact of the landmark Canada Investment Summit on the road ahead. They discuss the main takeaways from the summit – where Tertzakian moderated the energy panel – and what the federal government’s moves to court international investors could mean for Canada’s energy sector and broader economic resilience. They also discuss new policy proposals aimed at incentivizing investment, how Canada can shift from momentum to execution, moving quickly while upholding environmental protections and Indigenous consultation, and what the future holds for energy projects and other ambitious initiatives across the country. They also explore Canada’s progress on major projects so far and what else needs to be done for projects to go from ambition to reality. Related content: Building Canada Initiatives: Year One Progress Report — The Shovels Are Calling Building Canada Initiatives: The World Needs More Canada – Particularly its Critical Minerals and Mining Capabilities Key moments this episode: 00:01:45 – Peter’s takeaways from the Canada Investment Summit 00:03:36 – Peter’s read of the changing attitude towards energy and major projects in Canada internally and to prospective international investors 00:07:12 – Understanding the regulatory process in Canada and the importance of Indigenous participation 00:08:54 – How regulatory streamlining and a competitive corporate tax structure can increase Canada’s economic resilience 00:11:40 – The imperative for major changes in Canada and why it matters for all Canadians 00:13:54 – Discussion of the report for the Scotia Growth Institute analyzing progress on major projects in Canada 00:17:44 – How to actually assess the progress of major projects 00:20:32 – Potential challenges Canada faces in executing its ambitious major projects agenda and how policymakers and institutions can respond 00:27:03 – How Canada can differentiate itself to compete globally 00:30:05 – How the Scotia Growth Institute’s work is providing informed perspectives on Canada’s growth ambitions 00:32:25 – How sustainability and Indigenous consultation fit into conversations on economic growth 00:35:00 – Peter and Patrick’s optimism about Canada’s ability to deliver on its ambitions 00:37:54 – Peter compares Canada’s current situation to five to ten years ago
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