The Government of British Columbia in Canada is fast-tracking 18 mining and energy projects in a C$20bn ($13.9bn) investment. The move comes in response to proposed US tariffs on Canadian goods.
The projects include four mines, three energy security projects and 11 BC Hydro clean energy ventures, which mainly include wind power projects.
Among the mining projects are the Eskay Creek gold-silver mine, the Highland Valley copper expansion, the Red Chris gold-copper expansion and the Mount Milligan copper and gold mine.
Other projects are reported to include the Cedar LNG natural gas export facility in Kitimat, and the NEBC Connector project, a natural gas liquids and condensate pipeline being developed from Wonowon to Alberta in Canada.
During his initial briefing in response to the tariffs, Eby said that the area he was most concerned about was forestry workers.
The United Steelworkers union (USW) welcomed Eby’s announcement and said it expects the subsequent action to boost the province’s economic resilience and help ensure job security. This most notably effects those at the Red Chris and Highland Valley copper mines.
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
“The B.C. government’s decision to fast-track these critical projects proves their dedication to economic growth and stability,” said Scott Lunny, USW director for Western Canada. “This initiative not only secures jobs for our members, but also strengthens the province’s economy, making it more resilient against external challenges,” he added.
The reports follow US President Donald Trump’s announcement of 25% tariffs on Canadian goods and 10% tariffs on energy.
“President Trump’s 25% tariffs are a complete betrayal of the historic bond between our countries and a declaration of economic war against a trusted ally,” said Eby. “As British Columbians, and as Canadians, we will stand strong and united in the face of this unprecedented attack.”
Although the tariffs were put on hold for 30 days on Monday (3 February) there is little evidence to suggest that Trump will pull back from implementing the measures.
