Seize Economic Opportunities For Low-Carbon Future: Minister
FREDERICTON — The economic future of Canadians depends on federal and provincial governments making the right choices to ensure that Canada will thrive in a low-carbon future, according to Natural Resources Minister Jonathan Wilkinson.
Speaking to members of the Fredericton Chamber of Commerce on Tuesday, Wilkinson said a plan for the future must focus on creating a stronger and more resilient economy that works for all Canadians, including those who work in conventional energy sectors.
He said it’s about identifying and seizing opportunities and constantly adapting to the changing environment. Investors are continually moving away from assets that are not considered compatible with a low-carbon future.
Wilkinson believes it’s up to governments to respond in a similar way and make “smart decisions and choices” as a means of survival.
“The economic future of Canadians depends on us making the right choices to ensure that Canada will thrive in the low carbon world,” said Wilkinson. “Canada can choose to be a leader in this global economic shift, or it will pass us by.”
Wilkinson said recent G7 meetings in Japan suggest many countries have already accepted the realities of a low-carbon future and are becoming focused on ensuring they can seize the economic opportunities associated with a decades-long transition.
He said Canada is a “destination of choice” for investors interested in clean energy due to its many natural resources that would be in high demand. It’s up to federal officials to work with provincial and territorial leaders to seek economic opportunities with those available resources.
“Here in New Brunswick, certainly we’ve seen a number of projects moving forward that are relevant in the context of seizing these economic opportunities,” said Wilkinson, referencing the Belledune Port Authority’s plan to become the province’s first green energy hub.
He also said New Brunswick also has significant opportunities for mining critical minerals like lead, zinc, manganese and copper.
Wilkinson said countries that ignore the reality of climate change will lose market share, so he believes “aggressive action” to reduce emissions from oil and gas production and build more clean power is critical.
He explained that more companies are looking at those options and aren’t interested in expanding to other provinces if they aren’t given the choice of using clean energy.
While the plan is complex, Wilkinson said it requires governments and investors to work collaboratively.
“A clear-eyed and thoughtful plan for the future is about a national effort to pass on an environment and an economy that will benefit New Brunswick, and all of Canada … for decades to come,” he said.
Aaron Sousa is a Huddle contributor covering Moncton. Send him your feedback and story ideas: [email protected]