Latest news with #TimHodgson
CBC
4 days ago
- Business
- CBC
Canada's energy minister on pipelines, Bill C-5 controversy
Canada's energy and natural resources minister Tim Hodgson is in charge of an extremely important file for the federal government. That's because Prime Minister Carney campaigned on getting big energy and resources projects done, boosting Canada's economy and extracting us from our close relationship with the U.S. The stakes are pretty high for Minister Hodgson, who is new to politics but has extensive experience in the private sector, including time as CEO of Goldman Sachs Canada. He was also an adviser to Mark Carney during his time as governor of Bank of Canada. He talks to host Jayme Poisson about the controversial piece of legislation, Bill C-5, that would allow the government to fast track projects, but also exempt them from environmental laws and with some exceptions, acts of Parliament. For transcripts of Front Burner, please visit: Listen on Google Podcasts Listen on Apple Podcasts Listen on Spotify
Calgary Herald
6 days ago
- Business
- Calgary Herald
'This is an opportunity': Federal energy minister says world is eying Canada's critical minerals
Article content Energy and Natural Resources Minister Tim Hodgson says he constantly hears from other countries that want to buy critical minerals from Canada, and that is presenting the country with an opportunity for economic growth. Article content 'At the G7 (meeting this month in Alberta), all the countries said they wanted to buy Canadian critical minerals,' he said at a Toronto Region Board of Trade event on Wednesday. 'Right now, at the NATO summit, what the prime minister is hearing is that all those countries want to buy our critical minerals. This is an opportunity for us.' Article content Article content Article content Hodgson said Canada needs to ensure it mines critical minerals, but also builds processing facilities so that it can share in some of the wealth created by products made from what it mines. The federal government is focused on ensuring Canada builds major projects quickly and responsibly, he added. Article content Article content Hodgson said Canada is standing at a unique moment in its history that is defined by 'instability.' Supply chains are 'being ripped apart,' climate change is advancing and Canada is in the midst of a 'devastating trade war ' with the United States, its closest trading partner. Article content Last week, the House of Commons passed Bill C-5, which he referred to as the One Canadian Economy Act because he said it would break down interprovincial trade barriers while also ensuring that major nation-building projects, such as mines, pipelines and other infrastructure, are built quickly and with the consent of affected communities. Article content Article content As part of that process, he said Prime Minister Mark Carney plans to hold a summit on July 17 with leaders from First Nations, Inuit and Métis communities to discuss some of the projects that will be fast-tracked. Article content Article content 'The goal here is to create certainty that catalyzes investment,' Hodgson said. Article content He said Canada also has an opportunity because it is unified in its resolve to grow its economy by working together despite the impending crisis brought on by the trade war. Article content 'This is a trade war we did not ask for, but it is a trade war we must win,' he said. Article content It was similar to the message that Ontario's Minister of Energy and Mines Stephen Lecce delivered when he introduced Hodgson at the event.
Yahoo
6 days ago
- Business
- Yahoo
'This is an opportunity:' Federal energy minister says world is eying Canada's critical minerals
Energy and Natural Resources Minister Tim Hodgson says he constantly hears from other countries that want to buy critical minerals from Canada, and that is presenting the country with an opportunity for economic growth. 'At the G7 (meeting this month in Alberta), all the countries said they wanted to buy Canadian critical minerals,' he said at a Toronto Region Board of Trade event on Wednesday. 'Right now, at the NATO summit, what the prime minister is hearing is that all those countries want to buy our critical minerals. This is an opportunity for us.' Hodgson said Canada needs to ensure it mines critical minerals, but also builds processing facilities so that it can share in some of the wealth created by products made from what it mines. The federal government is focused on ensuring Canada builds major projects quickly and responsibly, he added. Hodgson said Canada is standing at a unique moment in its history that is defined by 'instability.' Supply chains are 'being ripped apart,' climate change is advancing and Canada is in the midst of a 'devastating trade war' with the United States, its closest trading partner. Last week, the House of Commons passed Bill C-5, which he referred to as the One Canadian Economy Act because he said it would break down interprovincial trade barriers while also ensuring that major nation-building projects, such as mines, pipelines and other infrastructure, are built quickly and with the consent of affected communities. As part of that process, he said Prime Minister Mark Carney plans to hold a summit on July 17 with leaders from First Nations, Inuit and Métis communities to discuss some of the projects that will be fast-tracked. 'The goal here is to create certainty that catalyzes investment,' Hodgson said. He said Canada also has an opportunity because it is unified in its resolve to grow its economy by working together despite the impending crisis brought on by the trade war. 'This is a trade war we did not ask for, but it is a trade war we must win,' he said. Western Canada holds potential to become a 'critical minerals processing behemoth,' expert says Canada could play leading role as G7 strikes alliance to stockpile critical minerals It was similar to the message that Ontario's Minister of Energy and Mines Stephen Lecce delivered when he introduced Hodgson at the event. 'I think we can all agree that the stakes have never been higher,' said Lecce, who said he was there as part of Team Canada to champion good ideas. • Email: gfriedman@ Sign in to access your portfolio
CTV News
6 days ago
- Business
- CTV News
Minister calls for wartime effort to build infrastructure
Tim Hodgson, Minister of Energy and Natural Resources, provides an update on the forecast for the 2025 wildfires season at the National Press Theatre in Ottawa on Thursday, June 12, 2025. THE CANADIAN PRESS/Sean Kilpatrick Canada's Energy and Natural Resources Minister is calling for a wartime effort to build big national infrastructure projects as envisioned by recently passed bill C-5. In a keynote address to the Toronto Region Board of Trade, Tim Hodgson issued a call to action to business leaders to 'bring your best ideas forward' as the country attempts to retool the economy like it did at the end of the Second World War. Hearkening back to a time when Canada faced 'such a transformational upheaval of the world order,' Hodgson reminded the room that eight decades ago, instead of hesitating, Canadians came together to do great things. 'Now, we must stand side-by-side once again, from coast to coast to coast, Indigenous and non-Indigenous, industries, small businesses, and entrepreneurs,' said Hodgson. 'We need that same spirit today.' The 'One Canadian Economy Act' passed parliament last week and is awaiting first reading in the Senate. It must pass third reading before getting Royal Ascent and then becoming law -- a process that could happen this week as the Upper Chamber is expected to rise for the summer on Thursday or Friday. Hodgson says the bill will create conditions to get projects off the ground more quickly with the establishment of a major projects office, whose goal is to give proponents one point of contact 'to make sure things stay on track,' said the minister. That office will be a central coordination point with an Indigenous Advisory Council to consult with indigenous, first nations and Metis communities. Coupled with a 'rigorous' environmental review, Hodgson says it will inform a 'single set of binding federal conditions for the project,' said Hodgson. The goal is to expedite reviews and focus on how the project will be built as opposed to whether it will be built, Hodgson said. Last Friday, Prime Minister Mark Carney announced he will be holding working sessions and public roundtables in Ottawa with First Nations rights holders on July 17, then with Inuit leadership in late July and Metis leadership at a later date. That came after the Assembly of First Nations National Chief Cindy Woodhouse Nepinak raised concerns about the lack of consultation, saying during the legislative process, indigenous rights holders had been 'shut out'. 'It's why we're starting with the literal launch of the process of this nation-building process is with First Nations, literally in full partnership,' Carney told reporters last Friday. Hodgson praised Ontario's nuclear energy program as an example of how 'Canada can do great things', pointing out how 58 per cent of electricity in that province comes from nuclear energy. That technology has been exported around the world to help other countries 'achieve energy security and avoid over 30 million tonnes of pollution annually,' according to Hodgson. Ontario is also working with Alberta and New Brunswick on the development of small modular reactors to advance that form of energy. 'Nuclear power is one of our greatest strategic assets. It is clean. It is reliable. And it is built here, by Canadian workers and engineers, using Canadian uranium and technology,' said Hodgson. Hodgson also underlined how developing Canada's critical minerals can help to drive investment while growing exports and raising wages in the country. 'At the G7, all of the countries said they wanted to buy Canadian critical minerals,' said Hodgson. 'Right now, at the NATO what the prime minister is hearing is that all of those countries want to buy our critical minerals, this is an opportunity for us.' The government believes there will be a demand for responsibly sourced minerals that could support new mining projects across the country.
Bloomberg
6 days ago
- Business
- Bloomberg
Carney Energy Chief Seeks Indigenous Equity in Major Projects
As Prime Minister Mark Carney's government prepares to plow forward on major new energy and infrastructure projects, his natural resources minister says he wants Indigenous groups to pursue large ownership stakes in them. 'If we are serious about retooling our economy, then economic reconciliation must be front and center,' said Energy Minister Tim Hodgson in prepared remarks to the Toronto Regional Board of Trade.
