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Clean electricity is the heart of Canada’s economic growth

In early August 2023, more than 30 businesses, trade associations, labour organizations, research entities, and other drivers of economic prosperity signed onto this open letter calling for accelerated action towards non-climate-polluting electricity nationwide by 2035.

In a global economy accelerating towards net zero, clean electricity is Canada’s greatest investment advantage. With more than one-third of the world’s largest publicly traded companies adopting net zero targets—and more joining them every day—businesses are demanding clean electricity for everything from low-carbon steel and fertilizer to mining and electric vehicle batteries with low-carbon footprint.

It’s clear that clean electricity is a competitive necessity to attract investment, create good-paying high-skill jobs for workers, and generate projects with Indigenous partnerships and ownership across Canada. Clean electricity is at the heart of our country’s prosperity, today and into the future.

Our electricity is already 83% clean, giving Canada a solid head start over our G20 peers. But to remain an attractive destination for investment, we need to double down on building a net zero, reliable and cost-competitive grid. Fortunately, studies show we can achieve this with policies and technologies that are known today.

Clean electricity is not only good for business, it’s good for Canadians at home, too. Research reveals that households will spend less on energy bills in a net zero economy, thanks to efficient bill-slashing technologies like electric vehicles and heat pumps.

This image shows the list of the signatories of this letter: Accelerate: Canada's ZEV Supply Chain Alliance, Addenda Capital, Aluminium Association of Canada, ACFN Green Energy, Aurora Hydrogen, Battery Metals Association of Canada, Canada's Building Trades Unions, Canadian Climate Institute, Canadian Colleges for a Resilient Recovery, Canadian Hydrogen and Fuel Cell Association, Canadian Labour Congress, Canadian Steel Producers Association, Cement Association of Canada, Clean Energy Canada, E-One Moli Energy, Efficiency Canada, Electric Mobility Canada, EllisDon Corporation, First Nation Major Projects Coalition, Forest Products of Canada, Hydrogen Optimized, Hydrostor, Indigenous Clean Energy, Innergex Renewable Energy, International Association of Heat and Frost Insulators and Allied Workers, International Brotherhood of Electrical Workers, Kiwetinohk Energy Corp, Mining Association of Canada, Pembina Institute, Propulsion Québec, Raven Indigenous Capital Partners, SMART Canada, Teck Resources, POMERLEAU.

This goal is achievable and technologically feasible. The US is doing the same, and we cannot afford to lose jobs and investment by falling behind. The federal government’s 2023 budget provides significant support for building bigger, cleaner and smarter electricity systems across the country, while supporting good-paying jobs. Working together, governments across Canada can take advantage of these incentives to complete their transitions to clean, net zero electricity systems, building stronger communities and economies across the country.

Signed,

Accelerate: Canada’s ZEV Supply Chain Alliance

Addenda Capital

Aluminium Association of Canada

ACFN Green Energy

Aurora Hydrogen

Battery Metals Association of Canada

Canada’s Building Trades Unions

Canadian Climate Institute

Canadian Colleges for a Resilient Recovery

Canadian Hydrogen and Fuel Cell Association (CHFCA)

Canadian Labour Congress

Canadian Steel Producers Association

Cement Association of Canada

Clean Energy Canada

E-One Moli Energy

Efficiency Canada

Electric Mobility Canada

EllisDon Corporation

First Nations Major Projects Coalition

Forest Products Association of Canada

Hydrogen Optimized

Hydrostor

Indigenous Clean Energy

Innergex Renewable Energy

International Association of Heat and Frost Insulators and Allied Workers

International Brotherhood of Electrical Workers

Kiwetinohk Energy Corp

Mining Association of Canada

Pembina Institute

POMERLEAU

Propulsion Québec

Raven Indigenous Capital Partners

SMART Canada (International Association of Sheet Metal, Air, Rail, and Transportation Workers)

Teck Resources