In a virtual event on Monday hosted by Canadian Club Toronto, Teck Resources CEO Don Lindsay called for a “Canadian clean industrial strategy,” saying massive public investment and incentives would be required to recalibrate the economy and lower emissions. (The Logic)

Talking point: The comments—which also included those from RBC CEO Dave McKay and Shell Canada president Susannah Pierce—appear to underscore a shift in Canada’s C-suites calling for more government intervention in the face of climate-change challenges, as opposed to more traditional strategies that would prioritize lower taxes and free-market principles. That is partly due to the awesome levels of public investment that will be required to meet Canada’s targets. Lindsay called for a “nation-building investment” in carbon capture and storage. McKay, for his part, floated the idea of a non-partisan “public-private consortium” that could take on broad strategic questions like how to manage electricity demand as Canada shifts toward a cleaner grid. “It’s beyond markets to do that in isolation,” McKay said.