B.C.’s multibillion-dollar MOU with feds retains northern tanker ban
VANCOUVER — British Columbia and the federal government have unveiled a multibillion-dollar agreement that will maintain the northern oil tanker ban, eliminating the possibility of an oil pipeline from Alberta to B.C.’s northern coast.
But the memorandum of understanding unveiled by Prime Minister Mark Carney and Premier David Eby in Vancouver on Thursday also acknowledges Canada’s agreement with Alberta on a trans-provincial oil pipeline, saying B.C. will be compensated for environmental risks if Ottawa imposes an oil pipeline on B.C.
Carney said the memorandum of understanding would help unlock more than $150 billion in new investment, with British Columbia as the “linchpin.”
“This agreement is comprehensive. It is ambitious. And it will help transform the entire Canadian economy and fund the public services on which all Canadians rely,” Carney said in a speech released ahead of the announcement.


