Investment boom coming for energy sector as 2050 looms, experts say

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CALGARY — Canada’s energy sector will be the recipient of a wave of public and private investment dollars in the coming decade, experts say, as the push to…

On Tuesday, the federal government through the Canada Infrastructure Bank announced an investment of almost $1 billion into Ontario Power Generation for the construction of the country’s first small modular nuclear reactor, which is being developed near the Darlington Nuclear Generating Station.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.

According to a report from RBC Capital, a record $920 billion was invested specifically in the global energy transition space in 2021, and tens of trillions more will be invested in the years to come as investors focus on decarbonization and growth. “If we’re committed that we’re going to do this , we really have no choice but to invest in energy,” Hoornweg said.

Most of these projects — as well as “clean” energy projects such as nuclear and hydro power — are capital-intensive and long-term, said Richard Norris, an expert in energy security and energy policy and a fellow with the Canadian Global Affairs Institute.Article content

 

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