At an upcoming investment summit in Toronto, Prime Minister Mark Carney will unveil a prospectus featuring 167 potential investment opportunities, including a floating LNG terminal on B.C.’s coast, a high-speed rail line connecting Edmonton and Calgary, and a pipeline from Alberta to the Pacific Ocean.
The detailed 66-page prospectus, obtained by CBC News, outlines the investment prospects that Ottawa and Canadian business leaders aim to present at the event on September 14 and 15. The summit, organized in collaboration with the Canada Pension Plan Investment Board and Public Sector Pension Investment Board, seeks to attract $1 trillion in investments from international investors and Canadian business leaders.
The invitation list includes major global investment firms and sovereign wealth funds, reflecting efforts to secure capital amidst trade disruptions and geopolitical uncertainties, particularly with the escalating U.S.-Canada trade conflict. The projects span various sectors, such as conventional and clean energy, mining, marine infrastructure, power utilities, digital technology, advanced manufacturing, and transportation.
Some significant projects highlighted 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 the $28.5 billion Ksi Lisims LNG terminal project.
Despite the extensive project list, notable exclusions are the Alto high-speed rail project between Toronto and Quebec City and plans for airport privatization. The document categorizes the projects based on their current stage, required capital expenditure, and sought-after investments for development.
For instance, the Port of Churchill expansion envisions creating a liquefied natural gas export corridor and upgrading rail infrastructure to establish a year-round trade gateway. Additionally, plans include a $10.9 billion high-speed rail line connecting Calgary and Edmonton, a $35 billion oil pipeline to a BC export terminal, and a $2.1 billion US proposal for the Prairie Connector pipeline expansion.
In the realm of natural gas, there is a $28.5 billion proposal for the floating Ksi Lisims LNG export facility on the B.C. coast, aiming to diversify Canada’s energy export markets beyond the US. Clean energy initiatives encompass nuclear power, carbon capture, and wind and hydrogen power projects across provinces.
Moreover, the prospectus highlights Canada’s advancements in artificial intelligence, offering investment opportunities in data centers and quantum computing ventures like Toronto-based Xanadu Quantum Technologies. The document positions Canada as a leader in clean, reliable energy systems and innovative technologies, showcasing a range of lucrative investment possibilities.