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Carney recommends 7 major projects for approval, including new mines, LNG and hydro development
Prime Minister Mark Carney referred seven projects including LNG, mining, transmission, and hydro to the Major Projects Office, targeting $56 billion investment to boost energy and minerals.
- On Thursday in Terrace, B.C., Prime Minister Mark Carney forwarded seven major projects to the Major Projects Office, representing $56 billion in investment, including mines, LNG, hydro, and transmission projects.
- Established in August, the Major Projects Office aims to speed approvals, backed by the federal budget proposing $213.8 million over five years and plans to separate it from the Privy Council Office.
- Technical plans indicate the facility would use two floating platforms to process 22.4 billion cubic metres of gas yearly, while the Canada Infrastructure Bank will loan BC Hydro $140 million for transmission support.
- Once referred, the Major Projects Office will review projects and so far no project has received a national‑interest designation, which could exempt projects from the Fisheries Act, Species At Risk Act and Impact Assessment Act.
- Positioned as part of a broader growth strategy, the projects aim to expand Canadian markets beyond the U.S., with the North Coast Transmission Line running about 450 kilometres from Prince George to Terrace, B.C., costing $6 billion and doubling electricity for LNG and resource projects.
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Carney recommends 7 major projects for approval, including new mines, LNG and hydro development
Prime Minister Mark Carney announced Thursday seven more initiatives he's recommending for fast-tracked approval by the government's Major Projects Office — and it includes multibillion-dollar energy and natural resources proposals that Ottawa hopes will deliver a jolt to the tariff-hit economy.
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Coverage Details
Total News Sources41
Leaning Left22Leaning Right1Center4Last UpdatedBias Distribution81% Left
Bias Distribution
- 81% of the sources lean Left
81% Left
L 81%
15%
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