Clean growth investors look north

What happened: Global investors are giving Canada a second look as the U.S. scales back support for clean energy and climate tech under the Trump admin.

Carbon removal developer Deep Sky says U.S. carbon developers are increasingly reaching out as they’re facing policy uncertainty (or outright hostility) and fading federal incentives.

And it’s not just carbon removal. Nova Scotia’s Wind West project, which plans to license 40GW of offshore wind to become a regional energy exporter, is gaining global attention as Trump halts offshore wind development in the U.S.

The context: The Biden-era Inflation Reduction Act (IRA) set the U.S. up to lead on low carbon tech with billions in incentives for carbon removal, hydrogen, wind and more.

But the Trump admin has swiftly rolled back these investments, moving to repeal the IRA and putting up roadblocks for clean energy projects.

Why it matters: For years, capital for climate tech and clean growth has flowed south. This policy reversal could reset the competitive landscape and give Canada an opening to lead.

Carbon removal, offshore wind, and critical minerals are already seeing growing interest - and hydrogen and low-carbon manufacturing could be next.

The bottom line: In the wake of policy upheaval in the U.S., global investors and developers are looking for stable ground. Canada’s political stability, abundant resources, and strong climate tech sector are putting it firmly in their sights.

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