The energy sector in Atlantic Canada has also grown very rapidly over the last decade, boosting its contribution to total output and international exports. Looking ahead, the prospects for further growth in energy production are promising with several major projects in various stages of development. But the nature of these energy projects is changing with climate change considerations an increasingly important factor.
This report documents the recent and projected growth in Atlantic Canada’s energy portfolio, discusses the two most prominent drivers of these energy developments – growing demand for energy in U.S. Northeast and environmental pressures for cleaner energy – and highlights the risks involved in making these long-term energy investments. The article concludes by pointing to the potential for more of a regional approach to help ensure a clean energy future for the Atlantic provinces.