Canada's Energy Ambitions in a Crowded Market
Canada's project space has experienced a series of new announcements, from expanding export capacity for energy and products to a trillion dollar National Electricity Strategy which doubling grid capacity by 2050. The new investment arrives on top of multi-year lead-times across major capital equipment and strained labour market within North American from increasing investment, and expected demand impacts from the ongoing trade war between the US and Canada. Will Canada be able to deliver on its initiatives and how this may offset impacts from the trade war.
Market capacity, both capital and labour, will fundamentally shape the delivery outcomes of Canada’s electricity ambitions, and the ambitions of many other projects in North America, including midstream and upstream expansions, major turnarounds, or capacity expansions.