Carney Unveils C$1 Trillion Power Plan, Eases Gas Rules and Clouds 2030 Emissions Goal
Updated
Updated · Bloomberg · May 14
Carney Unveils C$1 Trillion Power Plan, Eases Gas Rules and Clouds 2030 Emissions Goal
2 articles · Updated · Bloomberg · May 14
Canada plans to double electricity generation by 2050 under a grid expansion strategy expected to cost more than C$1 trillion, with Ottawa saying cheaper, more reliable power could benefit about 70% of households.
The plan also loosens Trudeau-era clean electricity rules by making it easier for generators to use natural gas, extending a broader rollback of climate policies as Carney pushes an “energy superpower” agenda.
Mark Carney insisted his government still aims to cut greenhouse-gas emissions through stronger industrial carbon pricing, but he would not say whether Canada will keep Trudeau’s 2030 target of 40% to 45% below 2005 levels.
That ambiguity matters because Canada already appears unlikely to meet the 2030 pledge, and the government said key details of the electricity buildout will come only after consultations with provinces, territories and Indigenous groups.
Can Canada's trillion-dollar energy plan actually lower bills while simultaneously weakening its national climate targets?
As AI's energy demand explodes, is Canada's big bet on natural gas a pragmatic solution or a climate disaster?
Can Ottawa unite provincial 'energy fiefdoms' to build a national grid while fast-tracking projects through new economic zones?