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Prime Minister Mark Carne, and David Eby have signed the new Canada-British Columbia Cooperative Prosperity Agreement<\/a>, which will further accelerate the construction of major energy and trade corridors throughout the province, including:<\/p>\n LNG Canada Phase\u00a02, Ksi Lisims LNG, Cedar LNG, and Woodfibre LNG: The federal government will work with proponents, communities, and First Nations to accelerate the permitting, financing, and construction of these projects to boost LNG supply for Canadians and our allies. \u201cToday\u2019s historic agreement creates the conditions to transform the B.C. and Canadian economies to become more resilient, sustainable, and independent. Canada and British Columbia are broadening and accelerating major energy projects and trade corridors, protecting our land, wildlife, and waters, giving workers the support and opportunities they need to help build Canada strong, and creating extensive, large-scale opportunities for true partnerships with First Nations,\u201d said Carney in a news release. \u201cTogether, we\u2019re turning British Columbia\u2019s enormous economic potential into lasting shared prosperity. We\u2019re building British Columbia strong to build Canada strong for all.\u201d<\/p>\n In parallel, Canada and British Columbia are building the trade infrastructure we need to ship Canadian energy to new markets around the world, including:<\/p>\n Transforming the Port of Vancouver-Roberts Bank trade corridor: The federal government will invest in infrastructure upgrades to Roberts Bank Terminal, expanding the capacity of the Port to ship to new export markets overseas. This project will unlock over $100\u00a0billion in new trade capacity and add approximately $3\u00a0billion to Canada\u2019s economy every year. As these ports and trade routes grow, we will also strengthen British Columbia\u2019s maritime economy by prioritising engagement on federal vessel programs, including potential shipbuilding, servicing, and ship recycling sites on Vancouver Island and in the Lower Mainland.<\/p>\n \u201cThis agreement is about building B.C.\u2019s future \u2013 not just for this year, but for generations to come,\u201d said Eby. \u201cIt means more good jobs for workers and more opportunities to train for better pay, all while protecting the beautiful places that make our province so remarkable. This deal will deliver faster commutes as we build critical infrastructure, less pollution as we power growth with clean electricity, and the kind of shared prosperity that funds strong public services. I want to thank the Prime Minister for recognising the key role B.C. is playing in building a stronger, more independent Canada.\u201d<\/p>\n These projects will be built in consultation and partnership with First Nations, creating unprecedented opportunities for First Nations co-ownership and economic benefits.<\/p>\n Today\u2019s agreement is underpinned by a series of historic commitments to protect and preserve Canada\u2019s land and waters. To that end, Canada and British Columbia will establish a new National Carbon Credit Framework to build carbon markets that work. We will reinforce existing protections for Canada\u2019s whales \u2013 including the Southern Resident Killer Whale habitat along British Columbia\u2019s Coast \u2013 through a $250\u00a0million investment in the Whales Initiative announced in the\u00a0Spring Economic Update<\/a>. We will also strengthen protections for coastal ecosystems through the Oceans Protection Plan. With this agreement, the federal government commits to maintaining the federal North Coast tanker ban, in accordance with the proposed route of a new trans-provincial pipeline under the bilateral agreement between Canada and Alberta.<\/p>\n Canada\u2019s new government is building at a scale and speed not seen in generations, which will create tens of thousands of high-paying careers across British Columbia and Canada. To prepare the workforce, the federal government will recruit, train, and certify up to 100,000 new Red Seal trades workers through our Team Canada Strong initiative, and partner with unions to maximise opportunities for Canadian workers. We are also taking action to stabilise and strengthen British Columbia\u2019s strategic sectors, including softwood lumber. This will include new measures to modernise operations, support simplified access to fibre, and expand the use of wood in construction. To help more British Columbians participate in Canada\u2019s growing economy, we will provide over $630\u00a0million for affordable child care in British Columbia.<\/p>\n \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Prime Minister Mark Carne, and David Eby have signed the new Canada-British Columbia Cooperative Prosperity Agreement, which will…\n","protected":false},"author":2,"featured_media":777914,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[49,48,44],"class_list":["post-777913","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-ca","tag-canada","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/777913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=777913"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/777913\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/777914"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=777913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=777913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=777913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nRed Chris Mine Expansion:\u00a0We will invest $500\u00a0million to expand Red Chris Mine, which will increase Canada\u2019s annual copper production by more than 15%,\u00a0support critical minerals demand for clean energy and manufacturing, and reduce greenhouse gas emissions by over 70% once operational.
\nNorth Coast Transmission Line:\u00a0We will provide $3.9\u00a0billion, through various tools, toward the total capital costs of Phases\u00a01 and 2 of this project, to deliver clean, reliable, and affordable electricity to communities across British Columbia. The project has the potential to create $10\u00a0billion in new economic activity, while reducing emissions by up to three million tonnes annually. It will become the backbone of a clean-energy corridor, including a proposed Yukon-British Columbia Grid Connect that will increase the Yukon\u2019s energy security and affordability, as well as a potential interconnect with Alberta to optimise power reliability and sustainability in that province.<\/p>\n
\nGeorge Massey Tunnel Replacement Project: We will provide up to $3\u00a0billion to replace the\u00a0aging four-lane transport tunnel along Highway\u00a099 with a modern eight-lane tunnel. This will break down a key Lower Mainland trade bottleneck to enable British Columbia and Canada to export more of what we produce, faster \u2013 while cutting travel times for people and goods across Greater Vancouver and traffic bound for BC Ferries to Vancouver Island.
\nPort of Prince Rupert and the Port of Stewart: Canada will work with port authorities and First Nations to maximise the potential of these ports to serve as vital trade corridors for Canadian goods and services, including critical minerals.<\/p>\n