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Prime Minister Mark Carney announced Thursday seven more initiatives he’s recommending for fast-tracked approval by the government’s Major Projects Office — and it includes multibillion-dollar energy and natural resources proposals that Ottawa hopes will deliver a jolt to the tariff-hit economy.
Carney said this latest round of projects will help the country become more economically self-sufficient in the face of U.S. aggression and a powerhouse player in high-in-demand critical minerals.
These seven projects, combined with the five Carney for approval in September, are worth a combined $116 billion to the Canadian economy, according to government figures.
Carney said each of the projects getting the green light are “transformational” and will help Canada realize its “full potential as an energy superpower” while creating new economic and trade corridors to steer the country away from the U.S.
Here are the projects announced today:
Looking into the projects
The transmission line in B.C. is designed to deliver low-cost, clean electricity and better telecommunications to communities along the West Coast. It also includes a possible B.C.-Yukon link, to connect that territory to the larger Canadian electricity grid.
Ksi Lisims LNG on Pearse Island, B.C., is an Indigenous-led $30-billion liquified natural gas (LNG) facility that will produce some 12 million tonnes of LNG per year to be shipped to clients mostly in Asia.
Canada Nickel’s Crawford Project in Timmins, Ont., is a new mine that will produce some 240,000 tonnes of ore per day, integral to making batteries and steel.
Nouveau Monde Graphite’s Matawinie Mine, in Saint-Michel-des-Saints, Que., is a $1.8-billion graphite mine that will provide important inputs for defence applications and battery supply chains.
Northcliff Resources’ Sisson Mine in Sisson Brook, N.B., will produce tungsten, a critical mineral essential for high-strength steel production, defence, and industrial applications.
The Iqaluit Nukkiksautiit Project will be Nunavut’s first 100 per cent Inuit-owned hydro energy project, meant to replace the territory’s reliance on 15 million litres of imported diesel each year, much of it from the U.S.
More to come.
