CEC: What does the Chamber believe are the best steps forward for Canada’s energy sector? BD: The best way forward for Canada’s energy sector involves recognizing and leveraging our natural resources as one of the country’s greatest strengths, rather than a weakness. In the face of global challenges Canada’s energy sector must evolve to address these pressing issues. We advocate for a balanced approach that includes diversifying the energy portfolio with investments in renewable technologies and innovations like carbon capture and storage and hydrogen, ensuring a clear and efficient regulatory framework to attract investment, and
undermined the significant efforts already made by Canadian corporations, and by extension, the Canadian government. It has become a barrier to both innovation and meaningful environmental action. The time has come for the government to revisit this legislation. The government should do now what it should have done in May and work collaboratively with industry stakeholders to develop a made-in-Canada regime that ensures corporate accountability and transparency while fostering, not stifling, innovation and environmental ambition.
strengthening Indigenous partnerships to foster shared prosperity.
Promoting sustainable resource development to meet net-zero targets, expanding global market opportunities, and enhancing collaboration between government and industry are crucial. By embracing our energy sector as a key asset, Canada can enhance its role on the global stage, support our allies, and combat climate change effectively. Unleashing the full potential of Canada’s natural resources is essential for securing energy security, achieving economic growth, and driving long-term prosperity.
Only by doing this can we achieve the climate objectives that Canada is striving for.
16 SPOTLIGHT MAGAZINE ON BUSINESS MAGAZINE • VOL 24 ISSUE 5
SPOTLIGHT MAGAZINE ON BUSINESS MAGAZINE • VOL 24 ISSUE 5 17
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