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Mark Carney Announces Historic UAE Investment in Canada’s Future Projects
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00:00
Mark Carney.
00:16
Canadians have become united in the face of the fundamental change in U.S. trade policy.
00:22
That's their choice. That's their right.
00:24
But they have fundamentally changed their trade policy.
00:27
We've become united in the face of a more dangerous and divided world,
00:31
and in the face of the opportunities but also the challenges of accelerating technological change.
00:37
We're having a period of unprecedented cooperation across all levels of governments,
00:43
across all regions of the countries, and importantly, between the public and private sectors.
00:49
Now secondly, we are acting, acting with an ambition that hasn't been seen in generations.
00:56
As Jean alluded to, we're fast-tracking major projects to transform our economy,
01:02
breaking down barriers in trade within Canada, between the provinces.
01:07
And importantly, that's why we're here, finding new partners, deepening our partnerships abroad.
01:14
In the past few months, we've announced over $115 billion of nation-building projects.
01:23
Earlier this week, Canada's House of Commons passed our government's first budget.
01:28
Core objective of that budget is to unleash $1 trillion of investment in Canada over the next five years.
01:36
At the heart of that plan, consistent with COP28, is our climate competitiveness strategy.
01:43
And that looks to double Canada's clean electricity grid, over 80% clean electricity grid,
01:50
through a series of incentives, including a clean electricity tax credit.
01:55
We're working to double our non-U.S. exports, generating an additional $300 billion in new orders for Canadian resources,
02:05
manufacturing and technology and expertise.
02:08
On the surface, to the uninitiated, Canada and the UAE can appear as different as snow and sand.
02:17
Yet we're deeply, deeply aligned.
02:21
At our core, we're both trading nations.
02:24
And at the heart, we're both homes to builders whose ambitions match the potential of their lands.
02:32
We're both energy superpowers, who can lead in all aspects of the energy transition, particularly in partnership.
02:42
We have the expertise, the values and the ambition to help lead the AI revolution,
02:48
through infrastructure, applications and diffusion.
02:52
And just as COP28 urged the world to do, Canada and the UAE are uniting, acting and delivering.
03:03
...
03:23
Monsieur le Premier ministre,
03:25
...
03:26
...
03:28
...
03:30
...
03:31
...
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