SUPPORT CANADA’S BIOECONOMY

Productivity, resilience, and the “One Canadian” Economy: The Bioindustrial Solution

The Right Honourable Mark Carney, P.C., M.P. Prime Minister of Canada

The Canadian Industrial Bioeconomy Coalition representing both SMEs and large industry players in agriculture, forestry, clean fuels, and biotechnology, stands ready to deliver $400 billion annually to the Canadian GDP. This is a generational opportunity to revitalize Canada’s forest and agriculture communities, improve Canada’s energy independence, and offer bio-based solutions to Canada’s defence and self-reliance.

Canada possesses the innovation and the biomass resources to lead the low-carbon bioindustrial revolution that is happening globally (more than 25 countries including our trading partners have National Bioeconomy Strategies 3). We require coordinated leadership to integrate policy, programming and execution. The outcome of such leadership will include:

• Economic resilience across all regions

• A $400 billion annual increase to Canada’s GDP

• Strengthened national security, energy self-reliance, and defence alignment

• 60,000 direct jobs

• Up to $17 billion in tax revenue across all levels of government

• Improved forest management and reduced wildfire risk

• Significant GHG emissions reductions

• Rural revitalization and long-term prosperity

• Increased Indigenous participation in project development and execution

We are not requesting new funding. We propose a strategic realignment of existing program funds, procurement, and tax structures. We submit four strategic essentials requiring federal leadership to realize the "One Canadian Economy" you have championed.