Mar 06 2024 62 mins 5
Canada's Ocean Supercluster - Growing the Blue Economy
This episode of the Insights Podcast takes a close look at the amazing opportunity Canada has to grow its blue economy and the role of Canada's Ocean Supercluster (OSC) in ensuring that we take full advantage of that opportunity. The ocean sector in Canada is worth nearly $40 billion in GDP and employs more than 300,000 Canadians. The blue economy is disproportionately important to Atlantic Canada, and Kendra MacDonald, the CEO of the OSC, provides an excellent overview of Ambition 2035, Canada's effort to increase the value of the blue economy to $220 billion by 2035 and the role that OSC is playing to achieve that goal. We discuss sustainable seafood, green energy, marine transportation and tourism as the key areas of focus for growth. The Ocean Supercluster is working on 90 different projects involving more than 300 companies and has invested $150 million to date in these projects, which has been matched by a similar investment from private sector partners. It is an exciting story, especially for Atlantic Canada.
