Canada’s Energy Vision: A Blueprint for Security, Prosperity and National Unity

Canada’s economic prosperity depends on all forms of energy. A mix of conventional and clean sources is essential if we are to ensure an affordable, secure and sustainable supply for Canadians and our global partners now and in the future.

The new report, Canada’s Energy Vision: A Blueprint for Security, Prosperity and National Unity, prepared by the Canadian Chamber’s Energy Security Council, outlines an energy vision for Canada’s new government.

Part 1: Getting Energy Projects to the Finish Line

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With global energy demand increasing and geopolitical pressures reshaping markets, Canada urgently needs to advance major energy projects — especially considering our role as a democratic and responsible supplier.

We need to expedite the approval of new pipelines, liquid natural gas (LNG) terminals, oil sands developments, electricity infrastructure and critical mineral projects. Several LNG projects are nearing final investment decisions. The government should act quickly to streamline approvals, provide the necessary regulatory support and facilitate timely collaboration with stakeholders to ensure these projects move forward. Additionally, LNG projects that were shelved or cancelled — even after significant investments in technical assessments and regulatory processes — still hold considerable potential if revived.

Beyond advancing LNG projects and initiatives nearing final investment decisions, we need to get started on other critical nation-building and energy projects that have strategic value that extends beyond immediate economic returns.

The federal and provincial/territorial governments have the opportunity and responsibility to collaborate with businesses and Indigenous communities to get new projects built and shelved ones re-launched.   

Part 2: Reforming Canada’s Regulatory Approval Process

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Canada’s burdensome permitting system is holding back the country’s potential. Barriers like the Impact Assessment Act (IAA) are stalling vital energy projects. Reforming the IAA is essential to attracting investment, opening new export markets and allowing Canada to think bigger.

Canada’s regulatory systems should protect from risk, not from progress. Regulatory reform is critical to creating jobs, attracting private investment and boosting economic activity. A growing political consensus recognizes the importance of these reforms to securing Canada’s energy future and expanding exports to global partners.

Part 3: Balancing Canada’s Economy with Environmental Goals

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Even as environmental protection remains a crucial priority, Canada must focus on economic growth through energy development. A strong, growing economy will provide the resources necessary for innovation and investment in cleaner energy technologies.

A resilient and well-functioning economy is not merely beneficial but essential if we are to effectively address both domestic and global environmental challenges. Canada’s energy sector has a pivotal role to play in this effort. The focus should be on doing things in the cleanest, most efficient and technologically advanced way so that economic growth supports both environmental sustainability and the wellbeing of Canadians.

Canada’s global emission reduction opportunity

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Canada becoming an energy superpower should not be viewed merely as a self-serving initiative but as a significant contribution to the global effort to reduce emissions. Opening export opportunities that allow the resources we produce, refine and process in Canada to displace more carbon intensive energy sources around the world will have a profound impact on global emissions reduction.

Conclusion

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With Canada’s vast natural resources, advanced technologies and expertise, we have the potential to lead in the global energy market. By advancing critical projects, streamlining regulations and supporting responsible production, we can not only strengthen our economy but also solidify our position as a global energy leader.

Read the report for the full list of our recommendations to government.