Statement regarding ‘Made-in-Canada’ investment taxonomy.

The Canadian Chamber welcomes the next step being taken toward a ‘Made-in-Canada’ investment taxonomy, which recognizes the unique challenges faced by businesses to secure capital for their transition and climate projects. As the government proceeds with a panel to assess industrial activities, it will be crucial that industry is well represented.

Canadian frameworks will assist in attracting much-needed investment to help spur Canada’s economic growth in a competitive global environment. However, there remain questions and concerns about several key elements, including the role of natural gas, nuclear energy (both small modular reactors and large reactors), as well as carbon capture technologies in both greenfield and brownfield power generation and co-generation. We hope that the government, with the guidance of industry, will be able to provide the certainty required to drive investment and economic growth.

• Matthew Holmes, Senior Vice President, Policy and Government Relations