GoKawiilIn a more dangerous and divided world, Canada’s new government is focused on what we can control: building a stronger, more independent, and more sustainable country.
Canada is starting from a position of strength. We have what the world wants. We have the natural resources, critical minerals, and clean power that will build this century. We have the workers and the ingenuity to turn that potential into strength. We understand we can build faster and bigger when we work together. And we have trust, the most valuable commodity in an increasingly volatile, unreliable world.
We have everything we need to build the future we want.
Today, the Prime Minister, Mark Carney, alongside the Premier of Québec, Christine Fréchette, the Premier of Newfoundland and Labrador, Tony Wakeham, and the CEOs of Hydro-Québec and Newfoundland and Labrador Hydro, announced a historic agreement to upgrade and expand the Churchill Falls Generating Station and develop the Gull Island project and related transmission, building one of the largest electricity projects in North America.
As part of this agreement, the federal government will provide $10 billion in federal financing to:
Upgrade and expand the Churchill Falls Generating Station.
Develop the massive Gull Island hydroelectricity project.
Unlock co-investment opportunities with the Innu of Labrador in a major new Labrador onshore wind project.
Build associated transmission lines.
Together, these projects represent the largest clean energy investment in North American history, at nearly $70 billion. They will generate 14,000 megawatts of clean, renewable power – nearly tripling the current generating capacity of Churchill Falls. That is enough power to light, heat, and cool all the homes in Toronto, Montréal, and Vancouver combined. These projects will support 23,000 jobs – from the skilled trades to engineering – and contribute $31 billion to Canada’s GDP through the early 2040s.
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