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If Prime Minister Mark Carney is going to fulfil his promise to make Canada a conventional and green energy superpower, fossil fuels are going to be instrumental in achieving it.

GOLDSTEIN: Why natural gas is crucial to Canada's economic growth Back to video

Among Carney’s major economic goals are:

Doubling Canadian exports to non-U.S. markets in a decade.

Doubling Canada’s residential construction rate to 500,000 new homes per year in a decade.

Catalyzing $1 trillion in new foreign investments in five years, to make up for the more than $1 trillion that fled the country during the Justin Trudeau era from 2015 to 2025, described by RBC in an April report as “the largest capital exodus in Canadian history. For every dollar of inward foreign direct investment, two dollars exited.”

Doubling the capacity of Canada’s electricity grid by 2050.

Fossil fuels will help achieve targets

If any of these targets are to be achieved they will only happen because of the use of fossil fuels, most critically natural gas, in the crucial area of electricity generation.

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