Building a Stronger Canada Through Energy Sector Certainty
Key Ideas
- New CEO of Canadian Utilities emphasizes the importance of policy certainty in the energy sector to attract global investments and strengthen the economy.
- Challenges in the global economic landscape, including trade tensions and supply chain issues, are seen as opportunities for Canada to become more self-reliant and efficient in decision-making.
- ATCO and Canadian Utilities are focusing on gas storage, hydrogen, ammonia, and carbon capture technologies to drive the energy transition.
- Despite uncertainties around Alberta's power market restructuring and industrial carbon tax, there is optimism about the growth potential in the province due to resource development and population increase.
The new CEO of Canadian Utilities, Bob Myles, stresses the importance of policy certainty in Canada's energy and power sectors to attract global investment and promote economic resilience. He highlights the positive signs of pro-infrastructure messaging from Ottawa and the shift towards self-reliance due to global economic uncertainties like U.S. tariffs. Myles sees opportunities for Canada in developing its hydrogen sector by addressing challenges such as shipping ammonia, derived from natural gas, to the West Coast. ATCO CEO Nancy Southern expresses optimism about Canada's potential as a global energy superpower under Prime Minister Mark Carney's leadership. She emphasizes the need for bold action to double national housing output and establish new trade corridors. Myles identifies gas storage, hydrogen, ammonia, and carbon capture as key areas for ATCO and Canadian Utilities in the energy transition. Certainty from the federal government is crucial to attract global market investments. Despite uncertainties in Alberta's utilities space, including the industrial carbon tax and power market restructuring, there is room for growth in resource development and population. While challenges persist, there is a positive outlook on Canada's energy future with a focus on investment certainty and transitioning towards cleaner energy sources.
Topics
Utilities
Infrastructure
Energy Transition
Natural Gas
Global Investment
Trade Tensions
Policy Certainty
Investment Certainty
Resilient Economy
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