The Financial Post reports in its Thursday edition that Canada is experiencing a shift in focus toward quick execution of major projects. The Post's guest columnist Scott Balfour writes that Prime Minister Mark Carney has prioritized investment and nation-building, establishing a Major Projects Office. Ultimately, Canada's success won't be measured by what we announce. It will be measured by what we build.
Energy is essential for nearly all construction, including critical minerals, housing, manufacturing and defence. Utilities are central to nation-building; they are its foundation.
Canada's electricity system will have to grow at a pace not seen in generations. The federal government's new electricity strategy, Powering Canada Strong, says demand is expected to double by 2050, requiring more than $1-trillion in investment.
Interprovincial transmission capacity may need to increase by as much as 70 per cent.
Natural gas is an important part of the picture too, serving millions of Canadian homes and businesses and increasingly supporting new power generation and industrial growth. That's why the combination of Emera and Canadian Utilities matters. Together they can pursue opportunities more effectively than alone.
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