441-01980 (Natural resources and energy)

The Government of Canada is investing to build a prosperous low-carbon economy in line with Canada’s ambitious emissions reduction targets. This includes taking a whole-of-government approach to seize the generational economic opportunities that a net zero emissions future represents – by making investments in renewable energy and clean technology as well as decarbonization technology in the conventional energy sector.

Budget 2023 makes transformative investments to build Canada’s clean economy, fight climate change, and create new opportunities for Canadian businesses and Canadian workers. This includes significant measures that will deliver cleaner and more affordable energy, support investment in our communities and the creation of good-paying, high-quality jobs, and ensure Canadian workers are able to produce and provide the goods and resources that Canadians and our global partners need. These investments are underpinned by a set of clear and predictable investment tax credits, low-cost strategic financing, and targeted investments and programming, where necessary, to respond to the unique needs of sectors or projects of national economic significance. Since 2016, the federal government has committed over $120 billion to clean growth and emissions reduction measures, including over $80 billion in investment tax credits.

Canada’s highly skilled and educated workforce, and comparative advantages in energy, critical minerals, and clean technology are helping Canadian industries and workers to seize the enormous economic opportunities in a net-zero future. The Government of Canada is committed to moving forward with comprehensive action required to support Canadian workers and communities as they meet the challenges and realize the opportunities of a net-zero emissions future.  The interim Sustainable Jobs Plan, released in February 2023, lays out a comprehensive approach as part of Canada’s broader economic plan for clean growth.

This plan, drafted in consultation with provinces, territories, union and labour organizations, Indigenous partners, industry, and civil society, outlines the Government’s current and planned action to support the creation of good, well-paying jobs for Canadians. These opportunities exist in every region of the country and every sector of the economy. From critical minerals to hydrogen, electric cars and buses, batteries, clean energy, low-carbon building products, carbon management technologies, and small modular reactors, Canada is building a prosperous net-zero future that works for Canadians in every region. This includes significant opportunities in existing energy industries that are taking action to respond to global demand by lowering their emissions and enhance their long-term competitiveness.

Skills training is a critical factor in ensuring that Canadian workers can seize the economic opportunities ahead, which is why the federal government has also made historic investments in skills programming, including as it relates to sustainable jobs. This includes $1.5 billion in new investments that will deliver almost 500,000 new training and work opportunities for Canadians, which will help workers seize new opportunities, including in clean energy. Furthermore, the 2022 Fall Economic Statement announced funding to establish a new sustainable jobs stream under the Union Training and Innovation Program and launch a new Sustainable Jobs Training Centre, among other things.

As committed to in the interim Sustainable Jobs Plan, the Government introduced Bill C-50, the Canadian Sustainable Jobs Act, in June 2023. The legislation proposes establishing a federal governance, engagement, and accountability framework to advance economic prosperity and ensure workers benefit from the opportunities presented by a low-carbon economy. The bill would also require the Government to:

• establish a Sustainable Jobs Partnership Council to provide independent advice to Government on sustainable jobs measures;
• create a Secretariat to lead the Government’s sustainable jobs approach; and
• release a Sustainable Jobs Action Plan every five years beginning in 2025.

These legislated mechanisms would guide and organize efforts to support workers and communities in building a net-zero economy, advancing economic prosperity across the country.

The Regional Energy and Resource Tables (Regional Tables) are a key initiative to drive this work. The Regional Tables are helping to accelerate Canada’s economic growth opportunities by taking into account each region’s unique advantages and ability to meet the demands of new and emerging markets. These regional processes are being undertaken in partnership with individual provincial and territorial governments, in collaboration with Indigenous partners, and with the input of experts, labour organizations, industry, and other stakeholders.  The Regional Tables will form the basis for implementing joint strategies to leverage energy and resource opportunities to realize each region of Canada’s comparative advantage in a net-zero future.

To date, the federal government has jointly launched Regional Tables across the country with British Columbia, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador, as well as the Northwest Territories and Yukon.

The Government of Canada is working in partnership with workers, industries, and communities across Canada to take ambitious climate action while developing low-carbon industries that spur affordability, energy security, and economic prosperity in every sector and region.