Canada has announced a proposed C$70 billion ($50.5 billion) clean energy investment plan to expand wind and hydropower generation in the country’s east.
The agreement between Prime Minister Mark Carney’s government, Quebec, and Newfoundland and Labrador includes upgrading the Churchill Falls generating station and developing a new hydroelectric project at Gull Island in Labrador.
Part of the additional electricity would be transmitted to Quebec, whose utility Hydro-Québec supplies power to markets in the northeastern United States.
Carney said the projects could generate enough electricity to power the homes of Toronto, Montreal and Vancouver combined.
The Canadian Climate Institute welcomed the initiative, saying greater domestic clean-energy supply could strengthen energy security and improve affordability amid volatile global energy prices.
