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EventDocument

Carney and Eby sign the Canada–British Columbia Cooperative Prosperity Agreement in Vancouver

On 2 July 2026 in Vancouver, Prime Minister Mark Carney and BC Premier David Eby signed the Canada–British Columbia Cooperative Prosperity Agreement. According to the Prime Minister's Office, Ottawa will invest $500 million to expand the Red Chris mine, provide $3.9 billion "through various tools" toward the capital costs of Phases 1 and 2 of the North Coast Transmission Line, provide up to $3 billion (up to one-third of capital costs) for the George Massey Tunnel replacement, invest in upgrades to the Roberts Bank Terminal at the Port of Vancouver, and provide over $630 million for child care in BC. The PMO gave no figure for Roberts Bank; CBC News reported "$10 billion from Ottawa" to upgrade the terminal. The agreement text says that although BC "does not seek" a new trans-provincial oil pipeline, it will engage in good faith in routing and permitting discussions provided Canada keeps the North Coast tanker ban "without alteration, suspension, or narrowing of scope," provides loan guarantees for First Nations along the route to acquire equity, and negotiates a legally binding economic and revenue framework with BC, with an annual royalty and an environmental liability and emergency response fund among the mechanisms to be discussed. BC also supports optimizing the Trans Mountain system from 890,000 to 1,190,000 barrels per day, subject to discussions that include renegotiating "Condition Five." Annex A sets deadlines of 1 December 2026 and 1 June 2027 for many of the commitments. The agreement also lists LNG Canada Phase 2, Ksi Lisims LNG, Cedar LNG and Woodfibre LNG as priority projects. "We will not be going to court to fight a pipeline project," Eby said, according to CBC News. Later the same day, Carney announced that Ottawa would refer Alberta's West Coast pipeline proposal, whose route largely follows the Trans Mountain corridor, to the Major Projects Office.

Date
Kind
Agreement
Where
British Columbia
Evidence
Document: An official document: a bill, a filing, an agreement text. How evidence is weighed
Who
Government of Canada (signed); Mark Carney (signed); Government of British Columbia (signed); David Eby (signed)

Sources

Quotes

“Although B.C. does not seek this project, it recognises its constitutional obligations and commits to acting in good faith to engage in the necessary routing and permitting discussions, within its jurisdiction, provided the following reciprocal commitments are met.”

From Prime Minister's Office: Canada-British Columbia Cooperative Prosperity Agreement, section 'Energy Development', 'New Pipeline'

“without alteration, suspension, or narrowing of scope”

From Prime Minister's Office: Canada-British Columbia Cooperative Prosperity Agreement, section 'Energy Development', 'New Pipeline', first condition

“We will not be going to court to fight a pipeline project”

From CBC News: North Coast oil tanker ban being upheld, Port of Vancouver expanding in multibillion-dollar B.C.-Ottawa deal, para. 12 (Eby)

Laws and agreements

Projects

Claims that rest on this event

How it bears on the outcome

ExplanationFitWhy
O0 No meaningful speed-upAgainst weakA signed federal-provincial agreement with money for a mine expansion, a transmission line and port upgrades, plus deadlines, would be somewhat surprising if the build-out were not speeding up; delivery is not yet observed.
O1 Faster, but the extra output goes mostly elsewhereFits moderateThe package centres on West Coast export capacity (Roberts Bank, Trans Mountain optimization, four LNG projects), which is oriented to overseas buyers rather than the US.
O2 Faster, and more volume reaches the US (this level or higher)Neutral weakLittle in the package adds US-bound volume; it neither shows nor rules out growth in exports to the US.
O3 Locked-in preferential terms for the USNeutral weakNo US preferential terms, supply guarantees or ownership appear in the agreement.

Corrections to this record