Canadian Chamber of Commerce publishes report on energy prosperity

July 14, 2010

The Canadian Chamber of Commerce published a report this week on the Canadian energy sector, entitled “Powering up Canadian Prosperity:  Growing the Energy Sector Value Chain.

The report recognized the energy sector as a competitive advantage for Canada, and discussed ways that the Canadian energy industry can continue to be sustainably developed, primarily through a focus on growth in value-added areas such as renewable energy and bitumen upgrading.

The report’s recommendations included:

  • The federal government should expand access to accelerated capital cost allowances for value-added energy projects such as advanced manufacturing, carbon capture and storage, and upgrading and refining
  • All levels of government should work towards harmonization of regulation and environmental assessments
  • All levels of government should continue to provide financing and incentives for research, development and commercialization of new energy technologies
  • Invest should continue in smart electricity infrastructure and the improvement of east-west linkages across Canada
  • Governments should encourage the development of energy-sector clusters with adequate infrastructure
  • A cross-Canada agreement to recognize credentials for skilled workers should be developed
  • Governments should consider the entire energy sector value chain when developing policies, including an overall national energy strategy

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