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Carney Charts Path to Double Canada's Power Generation by 2050

Prime Minister Mark Carney unveiled a comprehensive electricity strategy Wednesday targeting a doubling of Canada's generation capacity by 2050, signaling a shift in the government's approach to energy infrastructure. The plan relaxes restrictions on natural gas power generation to provide greater operational flexibility across the grid. The announcement reflects Carney's broader economic agenda to reduce Canada's dependence on US trade and accelerate major infrastructure projects. His administration is simultaneously pushing to compress federal project review timelines to one year. This addresses longstanding complaints that regulatory processes slow development. The government is also exploring asset sales, including potential divestiture of airport holdings, to finance growth initiatives. Officials indicated openness to strengthened trade relationships with the US and Mexico in targeted sectors, positioning infrastructure investment as central to continental competitiveness.