CLEANING ONTARIO'S AIR
About the Co-op*
Bruce Power’s Carbon Offset Co-op* will fund grassroots Net Zero initiatives that will both remove and offset carbon emissions. The Co-op is part of the company’s commitment to produce Net Zero emissions by 2027, while also playing a lead role in enabling a Net Zero Canada by 2050.
The Co-op will bring together Indigenous and non-Indigenous communities, and business and agricultural organizations across southwestern Ontario to support initiatives focused on removing and offsetting carbon from the atmosphere.
Bruce Power has always been a company that has worked collaboratively with partners to take action and make a difference. We played a central role in enabling the phase out of coal in Ontario – one of the largest carbon reduction and avoidance initiatives in the world – by providing 70% of the electricity the province needed for this achievement through the return to service of Units 1-4 between 2003 and 2012, which represented a boost to the grid of 3,000 megawatts of carbon-free**, reliable energy.
The launch of the Carbon Offset Co-op will allow Bruce Power to work with a range of community, business, grassroots, and agricultural partners to fast-track initiatives to remove and offset carbon emissions.
The Carbon Offset Co-op is now seeking project ideas for projects, with projects based in southwestern Ontario being the initial focus. The Co-op will accept proposals and feedback until September, and, in parallel, establish the governance, structure and framework for the entity to ensure alignment with the Federal Greenhouse Gas Offset System that was announced in March, with regulations currently being developed.
“Every person, business, farmer, and community can contribute to a Net Zero Canada,” said James Scongack, Bruce Power’s Executive Vice President, Corporate Affairs & Operational Services. “We look forward to engaging widely in the months ahead and work to establish this innovative structure to advance grassroots projects that can be measured and implemented to remove and offset carbon.”
*This initiative is in the early stages of planning to form a co-op in collaboration with various stakeholders and it has not been formally constituted under the Co-operative Corporations Act.
**While the production of nuclear electricity itself generates no greenhouse gas emissions, the day-to-day operation of the 2,300-acre Bruce Power site does produce some carbon emissions through routine industrial activities including transportation, utilities, and other activities.
“Ontario is home to one of the cleanest electricity grids in the world, with more than 90 per cent of our electricity generated with no GHG-emissions,” said Hon. Greg Rickford, Ontario’s Minister of Energy, Northern Development and Mines; Minister of Indigenous Affairs. “Bruce Power has been a strong leader in support of Ontario’s emissions-reduction efforts and our government is proud to continue that work alongside Bruce Power as we meet the commitments in our Made-in-Ontario Environment Plan.”