CLEAN GROWTH 2.0 HOW CANADA CAN BE A LEADER IN ENERGY AND ENVIRONMENTAL INNOVATION POLICY PAPER TASK FORCE ON ENERGY, THE ENVIRONMENT AND CLIMATE CHANGE CANADIAN COUNCIL OF CHIEF EXECUTIVES NOVEMBER 2010 CLEAN GROWTH 2.0: HOW CANADA CAN BE A LEADER IN ENERGY AND ENVIRONMENTAL INNOVATION EXECUTIVE SUMMARY As the worst of the global financial crisis begins to recede, attention is turning to Canada’s [...] With the decline of conventional oil production in the Western Sedimentary Basin, the oilsands represent a huge proportion of Canada’s oil reserves and a strategic asset of considerable importance to the entire country. [...] That global context includes the fact that the world will need more energy supply to meet growing demand, a demand that is fueled by overall global population increases, the growth of emerging economies and the needs of literally billions of people to rise out of poverty and have access to the enhanced standard of living that affordable and reliable energy can help bring about. [...] In the Clean Growth paper we stated: “Canada has the resource base, the scientific and human talent and the financial and entrepreneurial skills to be a leader in the development of next generation technologies that will provide cleaner energy and environmentally preferable products and services that can be put to use both here and abroad. [...] Canada can contribute to improving our understanding of the impacts of a changing climate and in particular in the development of strategies to deal with vulnerable regions such as the Arctic and coastal communities.