At an upcoming investment summit in Toronto, Prime Minister Mark Carney will present a range of potential investment opportunities, including a floating LNG terminal on B.C.’s coast, a high-speed rail line linking Edmonton and Calgary, and a pipeline from Alberta to the Pacific Ocean. These opportunities, detailed in a 66-page prospectus obtained by CBC News, aim to attract $1 trillion in investment from international investors and Canadian business leaders.
The summit, scheduled for September 14 and 15 and co-hosted by the Canada Pension Plan Investment Board and Public Sector Pension Investment Board, seeks to draw in capital amidst trade tensions and geopolitical uncertainties. The investment pitches cover various sectors, such as conventional and clean energy, mining, marine infrastructure, power, utilities, digital technology, advanced manufacturing, and transportation.
Some notable projects listed in the prospectus include a $57 billion US expansion of the Port of Churchill, a $44 billion investment in Nova Scotia’s Wind West offshore wind project, a proposed $35 billion West Coast oil pipeline, and a $28.5 billion Ksi Lisims LNG terminal project. The document also outlines plans for a high-speed rail line in Alberta, an oil pipeline from Alberta to British Columbia, and a pipeline expansion project for Canadian crude to U.S. refining markets.
Furthermore, the prospectus highlights opportunities in clean energy, artificial intelligence, and quantum computing, positioning Canada as a leader in these innovative fields. The goal is to showcase Canada as a hub for sustainable energy solutions and cutting-edge technology, attracting investment and fostering economic growth beyond traditional sectors.