Canada Emerging as a Preferred Jurisdiction for Green Investments by the Global Mining Industry

In response to the economic disruption triggered by the global pandemic, many governments have incorporated a pivot to the green economy in their economic stimulus and tax relief response plans. As part of the economic recovery, DBRS Morningstar notes that global mining companies have increasingly embraced Canada as a preferred jurisdiction for investing in new technologies necessary to achieve net-zero greenhouse gas (GHG) emission targets. The main focus for most mining companies has been investment in existing operations where the opportunities for incremental reductions in GHG emissions can occur in parallel with upgrading or replacing older equipment and technologies. For investment in new projects, incorporating new net-zero technologies has become part of the social licence for obtaining community consent and regulatory approvals.