What’s in the multi-billion-dollar B.C.-Canada prosperity MOU?
The agreement includes federal support for LNG projects, a $3.5 billion transmission line and a $10 billion port upgrade, officials said.
- Prime Minister Mark Carney unveiled an economic memorandum of understanding in Vancouver on Thursday, aiming to unlock more than $200 billion in new investment through infrastructure and industrial development.
- Focusing on trade expansion, the agreement frames the Port of Vancouver and Roberts Bank transport corridor as essential, supporting a $10 billion upgrade to help unlock $100 billion in new trade capacity.
- Federal investments include $3.5 billion for the North Coast Transmission Line, $3 billion to replace the Massey Tunnel, and $500 million for the Red Chris Mine, boosting copper production by more than 15 per cent.
- Under the agreement, B.C. must receive a meaningful share of economic benefits, while both governments will collaborate on a national carbon credit framework by next year, preserving the northern oil tanker ban.
- Both governments also recognize the need to boost throughput at the Trans Mountain Pipeline to 1,190,000 barrels per day, framing transport corridors as essential for connecting Canada to fast-growing global markets.
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Battlefords NOW
Ckpg TodayWhat people are saying about the B.C.-Ottawa ‘prosperity agreement’
Prime Minister Mark Carney and British Columbia Premier David Eby have signed a "prosperity agreement" they say will help unlock billions of dollars in new investment. The deal includes a promise by the federal government to not change the northern oil tanker ban and to accelerate construction of LNG projects. It touches on multiple other projects, including plans for the North Coast Transmission Line and Newmont’s Red Chris mine expansion. Here…
Winnipeg Free Press
What people are saying about the B.C.-Ottawa 'prosperity agreement'
Prime Minister Mark Carney and British Columbia Premier David Eby have signed a
The Toronto Star
The Hamilton SpectatorWhat’s in the multi-billion-dollar B.C.-Canada prosperity MOU?
VANCOUVER - An economic deal between Canada and British Columbia that was unveiled in Vancouver on Thursday describes commitments that Prime Minister Mark Carney says will help unlock more than
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