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From: Natural Resources Canada
October 25, 2022
Canada’s abundant natural resources and its ability to develop them — sustainably and inclusively — are a significant comparative advantage in the global energy transition. That transition presents a generational opportunity to create good jobs, economic growth and prosperity for Ontarians and all Canadians.
Today, the Honourable Jonathan Wilkinson, federal Minister of Natural Resources, and the Honourable Todd Smith, Ontario Minister of Energy, announced that Ontario is formally joining the Regional Energy and Resource Tables, a partnership among the federal government and each province and territory to support economic growth and strong communities across the country.
For Ontario, this means supporting expansion of the province’s clean electricity grid, which is an advantage in attracting investment and good jobs, supporting the province’s manufacturing base through developing critical minerals needed for electric vehicle and battery manufacturing, advancing new nuclear technology like small modular reactors, and clean hydrogen deployment.
Canada and Ontario have agreed to focus on 5 key priorities:
Across each of these areas, the Canada-Ontario Regional Table will also be focussed on ensuring that regulatory requirements for energy and resource projects are implemented effectively and in a timely fashion.
Canada is committed to working with Ontario as it advances its recently announced procurement of 4,000 MW of electricity capacity and particularly its commitment to launching in 2023 the largest procurement of clean energy storage resources in Canada’s history. Ontario’s commitment to procure at least 1,500 MW of stand-alone energy storage is key to the province’s plan to provide reliable electricity to support economic growth and electrification while keeping costs down for ratepayers.
Today’s announcement at the Darlington Nuclear Generating Station brings the number of provinces and territories participating in the Regional Tables to nine. British Columbia, Manitoba and Newfoundland and Labrador helped launch the first phase of the Regional Tables in June, and New Brunswick, Nova Scotia, Prince Edward Island, the Northwest Territories and Yukon were part of Phase II earlier this month.
Through the Regional Energy and Resource Tables, the Government of Canada and Ontario will continue to engage with Indigenous partners while enlisting the input and advice of union partners, municipalities, industry, workers, experts and civil society to advance the top economic priorities in the province’s natural resource sectors.
The goal is to align resources, timelines and regulatory approaches as part of an economic strategy to capitalize on key regional opportunities and priorities. Today’s small modular reactor announcement is a concrete example of what federal–provincial collaboration can accomplish.
By working together, Canadians will create the good jobs and enduring prosperity that will come with the unprecedented economic opportunities of building a net-zero world.
“Just as any successful business must be capable of interpreting and reacting to changes in the business environment, countries must also be capable of thoughtful response and appropriate action to sustain and enhance their level of prosperity. This initiative will enable Ontario and other provinces and territories, the federal government and key Indigenous partners to collectively accelerate economic activity and position Canada as an economic leader in the global shift toward a low-carbon future.”
The Honourable Jonathan Wilkinson
Minister of Natural Resources, Government of Canada
“We are growing Ontario’s world-leading advantage of affordable clean electricity to continue to attract investment and good jobs in our strong manufacturing sector. Ontario is quickly becoming a leader in electric vehicles, battery manufacturing and critical mineral development. The province’s expertise in clean nuclear technology is supporting this success. We look forward to working with our federal partners to help us continue to build Ontario and keep costs down for Ontario families.”
The Honourable Todd Smith
Minister of Energy, Government of Ontario
“Our government is making Ontario a leader in critical minerals development and building supply chains for innovative technologies such as electric vehicles by connecting mining operations in the North with the manufacturing might of the south. Collaborating with our federal partners on critical minerals development and processing, as well as funding for the Ring of Fire infrastructure, will help us achieve our goals. We need more stable sources of critical minerals in this province to support the transition to a low-carbon economy for Ontario, Canada and the world.”
The Honourable George Pirie
Minister of Mines, Government of Ontario
Natural Resources Canada
Office of the Minister of Natural Resources
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