Prime Minister Mark Carney is once again touting the benefits of the hydro agreement between Newfoundland and Labrador and Quebec – this time during his address at the Investment Summit in Toronto this morning.

Investors from all over are in the Ontario capital this week as Canada sets its sights on generating $1 trillion in local investment over the next five years.

Right out of the gate, Carney made mention of the agreement which is currently being debated in the House of Assembly.

Prime Minister Carney speaks to PSP Investments CEO Deborah Orida following his keynote address at the Canada Investment Summit (CPAC)

“Newfoundland and Labrador, Quebec, the federal government and the Innu Nation announced the largest clean energy investment in North American history. 14 GW of hydro, wind and storage. The functional equivalent of 18 Hoover dams. Enough to light, heat and cool every home in Toronto, Montreal and Vancouver combined. That’s what an energy superpower looks like when it decides to act like one.”

Canada’s premiers are in attendance, however Premier Tony Wakeham won’t be there because of the special debate underway in the House of Assembly.

Wakeham says the province is well represented with plenty of opportunities to come out of the event.

He says the province is playing a key role in Ottawa’s plans to develop Canada’s resources.

“We’ve seen a federal government that is prepared to invest in Canada. I’ve said that many times. I said it in the House yesterday, you know, it’s a Tory premier working with a Liberal prime minister to deliver billions of dollars to Newfoundland and Labrador. And that’s the opportunity in front of us.”