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‘The Biggest Clean Energy Initiative in North American History’ Has Been Launched: Carney

Government officials will brief media on background before Carney’s remarks, with documents kept under embargo until the announcement begins.

Summary by CTV News
PM Carney celebrates the signing of the Churchill Falls deal between Quebec and N.L. as a historic move towards national unity and energy security.
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August 17, 2026, St. John’s, Newfoundland. In a world that has become more dangerous and divided, Canada’s new government is focused on what it can control: building a stronger, more independent, and more sustainable country. Canada is currently in a position of strength. We have what the world is looking for. We have the resources…

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On August 17, 2026, from St. John's Harbour in Newfoundland and Labrador, Canadian Prime Minister Mark Carney announced an investment of C$70 billion (approximately C$43 billion) in renewables. Qualified as "the largest clean energy investment in North America's history," the plan is based on a framework agreement between the provinces of Newfoundland and Labrador and Quebec, with a federal involvement of C$10 billion. The proposed projects are …

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The Canadian government has announced an energy agreement valued at about 70 billion Canadian dollars (about 51 billion US dollars or 43,680 million euros) to expand hydroelectric production and develop new infrastructure in the Labrador Peninsula. Ottawa called the announcement the largest clean energy investment in North America’s history. Canadian Prime Minister Mark Carney said the federal government will provide up to 10.

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Les Affaires broke the news in Montreal, Canada on Sunday, August 16, 2026.
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