Nova Scotia is presenting 20 development projects, including the Wind West offshore wind initiative and the Melford International Terminal, to potential investors at the inaugural Canada Investment Summit in Toronto this week.
The two-day event, held Monday and Tuesday, marks the first summit of its kind and is aimed at drawing $1 trillion in investment toward Canadian projects over the next five years.
Premier Tim Houston is leading the province’s delegation to the summit, accompanied by chief of staff Nicole LaFosse, Department of Growth and Development Deputy Minister Chris Morrissey, and Department of Energy Associate Deputy Minister David MacGregor.
Province Highlights Energy Potential
In a news release, Houston said Nova Scotia and Canada are determined to strengthen the economy and diversify into new trade markets by seizing available opportunities. He said the province intends to speak with investors about developing its resources in a safe and responsible manner, framing the effort as a way to help shield household budgets amid a global affordability crisis.
According to figures released by the Nova Scotia government, the province’s offshore area holds an estimated 148 trillion cubic feet of natural gas and 49 billion barrels of potential oil. The province also points to average offshore wind speeds of nine to 11 metres per second as evidence of its renewable energy potential.
Projects on Display
Among the 20 projects Nova Scotia is showcasing at the summit are Wind West, an offshore wind development effort, and the Melford International Terminal, a marine terminal project. The province did not detail the full list of the remaining 18 projects in the release cited.
The Canada Investment Summit itself is a new initiative designed to bring together investors and project proponents from across the country as part of a broader push to attract large-scale capital into Canadian infrastructure, energy, and resource developments over the coming years.
This article is for informational purposes only and does not constitute financial, investment, or legal advice. Consult a licensed financial advisor before making investment decisions.
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