Multi-billion-dollar deal funds transportation, clean energy, commits to strengthening child care, workforce training, while protecting B.C.’s north coast tanker ban

Summary

• Delivers major new funding for critical infrastructure, resource projects, clean energy
• Advances commitments to workforce training, child care, environmental protection
• Protects North Coast tanker ban and secures fair compensation for any future pipeline​

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Premier David Eby has secured a multi-billion-dollar agreement with Prime Minister Mark Carney that sets British Columbia on a generational path to prosperity, unlocking jobs for workers, support for vital public services and infrastructure, and protecting the tanker ban and British Columbia’s pristine northern coast.

“This agreement is about building B.C.’s future – not just for this year, but for generations to come. It 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,” said Premier Eby. “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 recognizing the key role B.C. is playing in building a stronger, more independent Canada.”

The Canada-British Columbia Cooperative Prosperity Agreement creates a new long-term partnership between the federal and provincial government – built around B.C.’s unique position as Canada’s Pacific gateway and its world-class strengths in clean energy, natural resources, critical minerals and trade infrastructure. It also confirms that the North Coast tanker ban will be fully maintained without modification, and it ensures British Columbia is compensated for environmental risk if the federal government imposes a pipeline on the province. The agreement secures new commitments on watershed protection and does not require the Government of B.C. to support any pipeline proposal from Alberta.

Central to this new partnership is a multi-billion-dollar investment from the federal government to support major projects in B.C. – led by up to $3 billion toward the cost of the Fraser River Tunnel Project, as well as commitments to the Red Chris mine expansion and the North Coast Transmission Line (NCTL). Support for NCTL will mean a $3.9-billion net benefit to rate payers. The agreement also advances shared commitments to workforce training and child care, helping ensure B.C. has the skilled workers needed to build critical infrastructure and seize new economic opportunities.

“British Columbians have always known how to build big and how to build well. Today, Canada and British Columbia are building on that legacy by further accelerating major energy projects and trade corridors, protecting our land and waters, and giving workers the support they need to help build Canada strong,” said Prime Minister Carney. “Together, we’re turning British Columbia’s enormous economic potential into lasting prosperity. We’re building British Columbia strong to build Canada strong for all.”

Canada and B.C. will continue discussions on federal support to build on B.C.’s natural resource strengths. This includes a new federal commitment to delivering on port infrastructure and additional support for the forest and steel sectors in the face of U.S. tariffs. In an increasingly uncertain world, B.C. can help provide the critical minerals, energy and resources that trusted allies need from a stable, reliable partner – with some of the lowest-carbon LNG in the world, helping support energy security, while reducing global emissions.

This agreement supports B.C.’s Look West jobs and economic growth plan that will see more than $88 billion in proposed major projects reaching a final investment decision over the next three years. By securing a fair share from the federal government, B.C. expects to strengthen its fiscal foundation and improve front-line public services.

Learn More:

To read the Canada-British Columbia Cooperative Prosperity Agreement, visit: https://www.pm.gc.ca/en/news/backgrounders/2026/07/02/canada-british-columbia-cooperative-prosperity-agreement