June 24, 2021 Ottawa, Ontario Natural Resources Canada
Canada and the United States are strengthening their bilateral energy relationship. The North American energy sector is highly integrated, supporting workers and bringing economic benefits to both sides of the border.
The Honourable Seamus O’Regan Jr., Minister of Natural Resources, and Jennifer Granholm, the United States Secretary of Energy, participated in today’s signing ceremony of a Memorandum of Understanding (MOU) on energy cooperation. The Canadian and United States portions of the North American Renewables Integration Study (NARIS) were also released today.
The MOU is a key milestone in meeting the commitments set out in the Roadmap for a Renewed U.S.-Canada Partnership. The partnership underscores the importance of strategic collaboration between the two countries, including Canada’s commitment to achieve net-zero emissions by 2050. The MOU reaffirms our shared priority of a people-centred clean energy transition that leaves no one behind.
Specifically, it increases bilateral cooperation on sustainable and equitable energy transitions, clean energy innovation, connectivity and low-carbon transportation, including in the following areas:
- North American critical energy infrastructure and cybersecurity;
- advancement of a clean electric grid;
- clean fuels;
- energy efficiency standards;
- the Canada-U.S. Joint Action Plan on Critical Minerals;
- knowledge sharing on nuclear energy policies; and
- collaboration on carbon capture, utilization and storage.
Canada also welcomes the release of the North American Renewable Integration Study (NARIS) — the largest study of its kind, exploring the potential to increase integration and transmission of clean power across North America.
NARIS provides a forward-looking perspective on the Canadian and United States power systems from planning through to operation. Expanding international transmission infrastructure will help both countries meet their shared clean energy and climate goals and could generate between $10 billion to $30 billion of net value through to 2050.