Prime Minister Mark Carney announced his government’s plan to double the capacity of Canada’s electricity grid by 2050, in part by potentially rolling back Trudeau-era regulations for clean electricity in a move that environment experts call “a huge betrayal.”
“Our sovereignty, our sustainability, our prosperity will depend on our ability to supply and control our energy,” Carney (Nepean, Ont.) said on Parliament Hill on May 14.
“We have to unlock Canada’s full potential as an energy superpower.”
The strategy, dubbed Powering Canada Strong, is part of an effort that will cost more than $1-trillion, and aims to lower energy costs for 70 per cent of Canadian households.
It’s not immediately clear how much of that will be government funded, but Carney said “doubling generation in the next few decades will require massive investment.”