Prime Minister Mark Carney is set to present 167 potential investment opportunities at an upcoming investment summit in Toronto. These opportunities include a floating LNG terminal on B.C.’s coast, a high-speed rail line connecting Edmonton and Calgary, and a pipeline from Alberta to the Pacific Ocean. The detailed 66-page “prospectus,” obtained by CBC News, outlines the investment options that Ottawa and Canadian business leaders will showcase at the summit.
Scheduled for September 14 and 15, the event, organized by the prime minister in collaboration with the Canada Pension Plan Investment Board and Public Sector Pension Investment Board, aims to attract $1 trillion in investments from international investors and Canadian business leaders. The summit seeks to leverage the presence of major investment firms and sovereign wealth funds to bolster capital inflow amid trade uncertainties and geopolitical tensions.
Highlighted in the prospectus are projects across different sectors, including conventional and clean energy, mining, marine infrastructure, power, utilities, digital technology, advanced manufacturing, and transportation. Each project description includes its current status, required capital expenditure, and the type of investment needed for development.
Notable projects listed in the prospectus include a $57 billion US expansion of the Port of Churchill, a $44 billion investment in Nova Scotia’s Wind West offshore wind project, a proposed $35 billion West Coast oil pipeline, and the $28.5 billion Ksi Lisims LNG terminal project. The document also mentions plans for a float glass manufacturing facility in Manitoba and advancements in night-vision and satellite technologies, alongside various infrastructure developments.
Although the Alto high-speed rail project and airport privatization plans are absent from the list, other projects are at different stages of readiness. For instance, the Ksi Lisims project is described as “fully permitted and shovel ready,” while a graphite project in Saskatchewan is in the early stages of assessment.
Furthermore, the prospectus details a $10.9 billion high-speed rail project connecting Calgary and Edmonton, a $35 billion oil pipeline from Alberta to B.C., and a $2.1 billion Prairie Connector pipeline expansion by Calgary-based South Bow. The Prairie Connector would repurpose segments of the previously canceled Keystone XL pipeline for transporting Canadian crude to U.S. refining markets.
In the realm of natural gas, a $28.5 billion pitch for the floating Ksi Lisims LNG export facility in B.C. is highlighted, emphasizing the need to diversify Canada’s energy export markets beyond the U.S. Additionally, the prospectus promotes investments in clean energy initiatives like nuclear power generation, carbon capture, and renewable energy projects across the country.
Aside from traditional sectors, the document positions Canada as a leader in artificial intelligence, offering investment opportunities in data centers, quantum computing, and AI technologies. The summit aims to showcase Canada’s potential as an attractive destination for diverse investment opportunities across various industries.
