Key risks: things that could affect our ability to achieve our plans and results
This section describes the key risks – both threats, which are negative risks, and opportunities, which are positive risks – that could impede NRCan’s ability to deliver on its mandate.
These risks would stem from failing to anticipate trends or events, and then responding with appropriate changes in strategy, policy objectives or program design.
Risks | Risk response strategy | Link to the department’s Programs | Link to mandate letter commitments or to government-wide and departmental priorities |
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Climate Change Adaptation and Mitigation: If energy and natural resource decisions do not support Canada’s transition to a low carbon economy and adoption of adequate adaptation measures, Canada’s climate change commitment to reduce GHG emissions by 30 percent may not be met, the competiveness of our natural resource sectors may be undermined and communities may become increasingly more vulnerable to the impacts of climate change. |
Adaptation
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Canada’s Natural Resource Sectors are Globally Competitive Natural Resource Sectors and Consumers are Environmentally Responsible Canadians have Information to Manage their Lands and Natural Resources, and are Protected from Related Risks |
Government Priorities: Effective Action on Climate Change Greater Safety and Security for Canadians. Mandate Letter: Implementation of the Pan-Canadian Framework on Climate Change and Clean Growth Implementation of the North American Memorandum of Understanding on Climate Change and Energy Collaboration Collaboration with Provinces and Territories to Advance the Canadian Energy Strategy |
Clean Technology and Innovation in the Natural Resources Sector Lack of innovation may reduce job creation and economic growth in Canada’s natural resource industries and clean technology sector |
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Canada’s Natural Resource Sectors are Globally Competitive Natural Resource Sectors and Consumers are Environmentally Responsible |
Government Priorities: Economic Growth Through Innovation NRCan Mandate Letter: Implementation of the Pan-Canadian Framework on Climate Change and Clean Growth |
Energy Infrastructure If the public and Indigenous peoples do not have confidence in Canada’s ability to expand its infrastructure in a safe and environmentally sound manner, then Canada’s ability to grow its economy, increase interconnectedness, and diversify markets may be limited. |
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Canada’s Natural Resource Sectors are Globally Competitive Natural Resource Sectors and Consumers are Environmentally Responsible |
Government Priorities: Increase Trade and Foreign Direct Investment Improved Relationships with and Outcomes for Indigenous Peoples Pipeline and Offshore Safety NRCan Mandate Letter: Collaboration with Provinces and Territories to Advance the Canadian Energy Strategy Renewal of Relationships with Indigenous Peoples Modernization of the NEB Implementation of Interim Measures for Major Resource Projects |
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