Leaders unite to position Canada as global clean energy super-power

The Green Ribbon Panel, a coalition of leaders from business, labour, Indigenous organizations and the energy sector, has unveiled a renewed mandate to position Canada as a global clean energy super-power.

At an event held at the Toronto Region Board of Trade, keynote speaker James Scongack, chief operating officer and executive vice-president at Bruce Power and chairman of the Green Ribbon Panel, set the stage with a call for urgent action on Canada’s clean energy future.

“Canada is at a critical juncture that will shape our energy future, economic security and prosperity for generations,” said Scongack. “We have the tools and talent to be a clean energy super-power — what’s needed now is action. The next 100 days are a unique opportunity for Canada’s new government to take decisive steps, and the Green Ribbon Panel is committed to driving that forward.”

The event featured a discussion moderated by Jessica Linthorne, president and chief executive officer (CEO) of the Nuclear Innovation Institute (NII), who was joined by cross-sector voices: John MacQuarrie, president and CEO of BWXT; Daniel Tisch, president and CEO of the Ontario Chamber of Commerce; and Marc Arsenault, business manager with the Provincial Building and Construction Trades Council of Ontario.



Jessica Linthorne (left), president and CEO of the NII moderates a panel discussion on practical policy solutions to advance Canada’s clean energy future, with Marc Arsenault of the Provincial Building and Construction Trades Council of Ontario, John MacQuarrie of BWXT and Daniel Tisch, of the Ontario Chamber of Commerce

The Green Ribbon Panel discussed its newly-launched practical policy recommendations to translate its renewed vision into action. Together, these steps are designed to strengthen Canada’s energy security, bolster economic resilience and champion nuclear and other made-in-Canada clean energy solutions.

The recommendations include:
 

• Finishing the job of Investment Tax Credits: Extend Clean Economy Investment Tax Credits beyond the mid-2030s to unlock investment in long-lead clean energy projects that strengthen Canada’s energy future and standardizing the credit to 30 per cent.
• Adopting energy as an industrial policy: Create an industrial policy to grow Ontario’s manufacturing base and supply chain by consolidating energy sector buying power and addressing tariffs.
• Strengthening Indigenous engagement capacity and economic opportunities: Ensure Indigenous communities have the resources to engage early and share long-term economic benefits through sustainable funding and harmonized loan guarantees.
• Advancing “no-regret” investment actions: Enable early investment in clean energy projects through innovative financing and staged approvals to reduce risk and speed up development.

To put these recommendations into action, the panel launched its 100-day plan, beginning with a letter to the Prime Minister of Canada urging immediate action. The plan also features a new podcast series aimed at policymakers and broad engagement through the panel’s growing membership base.

The event was sponsored by Bruce Power, Cameco Corporation, Kinectrics, the Provincial Building and Construction Trades Council of Ontario, and the Society of United Professionals.

Visit greenribbonpanel.com/reports-and-publications to learn more about the work ahead.



Green Ribbon Panel chairman James Scongack (right), chief operating officer and executive vice-president of Bruce Power, delivers the keynote address on strengthening Canada’s energy security and positioning the country as a clean energy super-power at the Green Ribbon Panel event Friday at the Toronto Region Board of Trade