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VANCOUVER — An agreement between British Columbia and the federal government will maintain the northern oil tanker ban.
The memorandum of understanding unveiled by Prime Minister Mark Carney and Premier David Eby in Vancouver also says the province will be compensated for environmental risks if Ottawa imposes an oil pipeline on B.C.
Carney says the memorandum of understanding will help unlock more than $150 billion in new investment, with British Columbia as the “linchpin.”
The prime minister is scheduled to head to Alberta later today for a news conference with Premier Danielle Smith, where they’ll be making an announcement about plans for a pipeline to B.C.’s coast that Eby has long criticized.
Eby says the multibillion-dollar agreement puts the province on a “generational path to prosperity,” while Carney says it will include $3.5 billion in federal funds for the North Coast Transmission Line to deliver electricity to communities and projects in the region.
Carney says the government will also invest $500 million expanding the Red Chris Mine that will boost national copper production by more than 15 per cent.
This report by The Canadian Press was first published July 2, 2026.
The Canadian Press
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