Investment boom coming for energy sector as 2050 looms, experts say
BNN Bloomberg
Canada's energy sector will be the recipient of a wave of public and private investment dollars in the coming decade, experts say, as the push to reach net-zero greenhouse gas emissions by 2050 gains momentum.
On Tuesday, the federal government through the Canada Infrastructure Bank announced an investment of almost $1 billion into Ontario Power Generation for the construction of the country's first small modular nuclear reactor, which is being developed near the Darlington Nuclear Generating Station.
It was the kind of blockbuster announcement we can expect to see more of as the coming energy transition gathers steam, said Bruce Lourie, president of the Ivey Foundation, a private charitable foundation dedicated to supporting Canada's transition to a net-zero future while ensuring the country's long-term economic competitiveness.
"And every time there is an investment, every time there’s a new plant, there’s income from the investment, there’s jobs from the investment, there’s new economic activity, there’s trade,” Lourie said.
