From pipelines to railways and AI: Ottawa pitches 167 projects ahead of
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A floating LNG terminal on B.C.’s coast, a high-speed rail line between Edmonton and Calgary and a pipeline from Alberta to the Pacific Ocean are among 167 possible investment opportunities Prime Minister Mark Carney will show off at next week’s investment summit in Toronto.
The projects are outlined in a 66-page “prospectus” obtained by CBC News, which gives the most detailed look yet at the investment opportunities Ottawa and Canadian business leaders plan to showcase at the summit.
The Sept. 14 and 15 gathering, hosted by the prime minister in partnership with the Canada Pension Plan Investment Board and Public Sector Pension Investment Board, will bring together deep-pocketed international investors and Canadian business leaders in hopes of drumming up $1 trillion in investment.
CBC News previously reported that invitations went out to some of the world’s biggest investment firms and sovereign wealth funds as part of a broader push to attract capital at a time of trade upheaval and geopolitical uncertainty.
With the U.S.-Canada trade war escalating, the government is also under pressure to deepen economic ties beyond the United States.
The document groups the pitches into eight areas of investment: 11 conventional energy projects, 31 clean energy projects, 63 in mining and metals, 16 in marine and port infrastructure, 11 in power and utilities, 10 in digital technology, 19 in advanced manufacturing and six transportation projects.
Each pitch highlights the project’s current stage, the capital expenditure needed and the kind of investment being sought to help it get built.
Some of the priciest projects on the list include a $57-billion US expansion of the Port of Churchill; a $44-billion investment in Nova Scotia’s Wind West offshore wind project, led by the province; the proposed $35-billion West Coast oil pipeline, which would carry oil from Alberta to B.C.’s coast; and the $28.5-billion Ksi Lisims LNG terminal project.
Sources have told CBC News that the federal government will be announcing a large-scale deal to export liquified natural gas from B.C’s northwest coast to Germany.
Other projects include a float glass manufacturing facility in Manitoba, expanded manufacturing capacity for night-vision technology used in defence and satellite technology for Earth observation, along with the long list of infrastructure projects.
Absent from the list are the Alto high-speed rail project, which would run between Toronto and Quebec City and has received pushback over the land expropriation it would require, and any plans to privatize airports, which Carney’s government has been weighing.
Some projects are…
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