Call for Policy Clarity: A Push for Global Energy Investment in Canada
Key Ideas
  • Canadian Utilities CEO urges Ottawa for clear policies to attract international investment and ensure economic resilience.
  • Current US instability prompts Canada to focus on self-reliance and address challenges through collaboration.
  • ATCO and Canadian Utilities eye opportunities in hydrogen, ammonia, carbon capture, and gas storage for energy transition.
  • Continuation of Alberta's carbon price freeze at $95 per tonne seen as a positive step, but potential for higher pricing to drive emissions-reduction projects is debated.
The new CEO of Canadian Utilities, Bob Myles, has appealed to the Canadian government to establish clear energy and power sector policies to support global investments and ensure economic resilience. Amid the uncertainty surrounding Canada's industrial carbon tax, Myles emphasized the need for Ottawa to act decisively to attract international capital. He noted that the current US economic uncertainty, including tariffs, presents both challenges and opportunities for Canadian Utilities, highlighting the importance of self-reliance. Myles pointed out the stalled development of the hydrogen economy, specifically mentioning ammonia shipments critical for this sector. He praised the US-induced challenges as driving Canada to collaborate and address issues hindering progress. The CEOs of ATCO and Canadian Utilities expressed optimism about Canada's energy potential, especially in areas like hydrogen, ammonia, and gas storage. Despite acknowledging regulatory uncertainties in Alberta's energy market, they see promise in the region's development. The continuation of Alberta's carbon price freeze was viewed positively, although there are discussions on the necessity of potentially higher prices to drive emissions-reduction projects. The industry leaders emphasized the importance of unity, resolve, and clear policy direction to harness Canada's energy potential and attract foreign investors.
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