Premier David Eby Unveils Plan to Fast-Track $20B in Resource Projects

B.C. Accelerates Resource Projects to Secure Economic Future Amid U.S. Trade Uncertainty

Editorial Team (ET)May 9, 2025

In a decisive move to secure British Columbia’s economic future, Premier David Eby has announced the fast-tracking of ten major resource projects. These initiatives, worth an estimated $20 billion, aim to reduce the province’s dependence on trade with the United States. With rising tensions and the looming threat of tariffs from the U.S., B.C. is taking swift action to safeguard its economy by leveraging its rich natural resources and strategic port locations.

A Strategic Shift in Trade Policy

The announcement comes amid growing concerns over U.S. President Donald Trump’s proposal to impose a 25% tariff on all Canadian goods—excluding energy, which would face a 10% tariff. Although Canada has secured a temporary 30-day delay, Eby has made it clear that British Columbia cannot afford to wait.

"We won’t leave our prosperity to the whims of unpredictable forces beyond our borders," Eby stated. "That starts with leveraging our incredible natural strengths."

What’s on the Fast-Track List?

The ten resource projects expected to be fast-tracked include:

Mines – Critical mineral and metallic mining projects to supply global markets.
Renewable Energy – Large-scale wind, hydro, and solar projects.
Natural Gas – LNG export facilities to serve international customers.

By expediting permitting and regulatory approvals, the province aims to create 6,000 jobs, particularly in resource-based communities that would be hardest hit by U.S. tariffs.

B.C.’s Economic Strengths and Global Trade Vision

British Columbia is uniquely positioned with major ports in Vancouver and Prince Rupert, providing direct access to global markets. The province already exports substantial resources to Asia, with China and Japan accounting for a combined 25% of its international trade. By expanding export agreements with these nations—and others—B.C. is fortifying its economy against potential disruptions in U.S. trade relations.

Task Force on Economic Security

To ensure a smooth transition, B.C. has assembled a task force to oversee the diversification of its trade relationships. Co-chaired by industry leaders from mining, trade, and infrastructure, the task force will help navigate the complexities of shifting economic ties while maximizing the province’s global market potential.

Preparing for the Worst, Planning for the Best

Despite the temporary tariff delay, Eby remains firm in his approach. "We’ve got to prepare for the worst-case scenario even as we hope for the best," he emphasized. The province has also put other retaliatory measures on hold, such as pulling alcohol from U.S. Republican-led states off provincial liquor store shelves. However, these measures remain an option if tensions escalate.

Conclusion: A New Era for B.C.’s Economy

British Columbia is taking bold steps to reduce its reliance on U.S. trade, ensuring long-term economic stability. By fast-tracking resource projects and strengthening global partnerships, the province is positioning itself as a leader in resource exports beyond North America. The message is clear—B.C. is ready to chart its own course in the global economy.

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