Canada unveils sustainable jobs plan for future green economy

Canada said it is also planning to improve labor market data collection and advance funding for skills development. (Shutterstock)
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Updated 19 February 2023
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Canada unveils sustainable jobs plan for future green economy

  • The plan includes steps such as setting up a sustainable jobs secretariat to coordinate government policies and a partnership council to promote consultation with provinces, labor unions and others

ALBERTA: Canada has released a long-awaited sustainable jobs plan, laying out how the federal government plans to help train workers for roles in the coming clean energy economy as the world aims for net-zero carbon emissions by 2050.

The plan, to be followed by legislation later this year, includes steps such as setting up a sustainable jobs secretariat to coordinate government policies and a partnership council to promote consultation with provinces, labor unions and others.

Canada said it is also planning to improve labor market data collection and advance funding for skills development, although the document did not outline any new government spending. From 2025 the government plans to release a new sustainable jobs plan every five years.

“Canada has what it takes to become the clean energy and technology supplier of choice in a net-zero world,” Natural Resources Minister Jonathan Wilkinson said in a news release.

Liberal Prime Minister Justin Trudeau has been promising sustainable jobs legislation since 2019. But in Canada, the world’s fourth-largest crude oil producer, the concept of retraining workers for clean energy jobs, also called a “Just Transition,” became a lightening rod for criticism.

In the crude-producing province Alberta, conservative Premier Danielle Smith has accused Trudeau of wanting to phase out the oil and gas sector.

The Alberta government is “perplexed” by the jobs plan not mentioning a liquefied natural gas export strategy and has “grave concerns” about it not recognizing the provinces’ right to manage their own natural resources, Smith said in a statement on Friday.

“This kind of dysfunctional communication by the federal government with our province cannot continue if Canada is to have any chance of achieving its 2050 emissions reduction targets,” she said.

The federal government said enormous clean energy opportunities are emerging in oil-producing provinces, from hydrogen to critical minerals. There will also be sustainable jobs in conventional energy industries as Canadian producers aim to lower the carbon intensity of their crude, according to the document.

“Rather than a shortage of jobs, in Canada we are much more likely to see an abundance of sustainable jobs with a shortage of workers required to fill them,” the plan said.

Think tanks Clean Energy Canada expects jobs in the sector will grow by 3.4 percent annually over the next decade, nearly four times faster than the Canadian average.


Stc Group issues US dollar-denominated sukuk with a total value of $2bn

Updated 09 January 2026
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Stc Group issues US dollar-denominated sukuk with a total value of $2bn

RIYADH: Stc Group has issued US dollar-denominated sukuk with a total value of $2 billion across two tranches.

The group clarified that the issuance included the offering of $750 million in sukuk with a 5-year maturity at a yield of US Treasury plus 75 basis points, and an issuance of $1.250 billion with a 10-year maturity at a yield of UST plus 90 basis points, according to the Saudi Press Agency.

It noted that the total order book exceeded $8 billion across both tranches, with a coverage rate exceeding 4 times, and participation from over 300 investors in the subscription.

The issuance garnered strong demand from a broad and diverse base of international investors, reflecting solid confidence in the robustness and efficiency of stc Group’s business model and strategy. 

This strategy is aimed at strengthening its digital leadership, seizing infrastructure opportunities, enabling massive projects, and contributing to the realization of Vision 2030 objectives, with a focus on achieving sustainable growth based on operational efficiency and maximizing shareholder value.

This issuance enhances stc Group’s access to international capital markets and solidifies investor confidence in the strength of its credit position. 

It also supports its strategic role in accelerating the pace of digital transformation in the Kingdom and building a thriving digital economy.