<img src="https://ml.globenewswire.com/Resource/Download/965e84d8-f40f-4e0e-a23c-3e9b310aeedb?size=2" nborder="0" align="left" hspace="5" vspace="5" title="Resource-Works-logo-black (1).png" alt="Resource Works Society"/>VANCOUVER, British Columbia, July 03, 2026 (GLOBE NEWSWIRE) -- Resource Works welcomes the Canada-British Columbia Cooperative Prosperity Agreement signed July 2 by Prime Minister Mark Carney and Premier David Eby, calling the deal — which the prime minister says will help unlock more than $200 billion in new investment — the most significant federal commitment to British Columbia’s resource economy in a generation. The same day, Alberta Premier Danielle Smith announced that Trans Mountain Corporation and Pembina Pipeline will partner with the province to build the new west coast route — a million-barrel-per-day oil pipeline from Bruderheim, northeast of Edmonton, to the southern B.C. coast, at an estimated cost of $35 billion to $44 billion. The project has been submitted to the federal Major Projects Office and is expected to be listed as a project of national interest by October 1, 2026. “This is a landmark day for Canada’s resource economy,” said Stewart Muir, President and CEO of Resource Works. “The Prosperity Agreement puts natural resources at the centre of the national economic strategy in a way we have not seen in decades — LNG, critical minerals, port infrastructure, energy transmission. And the west coast pipeline proposal, with Trans Mountain and Pembina as partners, is the clearest signal yet that Alberta and British Columbia are building together rather than fighting apart.” Together with the Pathways carbon capture project, the new project alone will create approximately 175,000 new jobs. The agreement also commits the federal government to accelerating the permitting, financing and construction of LNG Canada Phase 2, Ksi Lisims LNG, Cedar LNG and Woodfibre LNG. It invests $500 million to expand the Red Chris copper mine, increasing Canada’s annual copper production by more than 15 per cent. It provides $3.9 billion for the North Coast Transmission Line. And it invests in expanding Roberts Bank Terminal at the Port of Vancouver, unlocking over $100 billion in new trade capacity. The combined impact represents an unprecedented partnership binding the federal government, provinces and territories, Indigenous peoples, and the private sector. “The scale is striking,” said Muir. “Four LNG projects accelerated. The largest copper mine expansion in the country. A transmission line that will power the north coast for generations. Roberts Bank expanded to reach new export markets. And $250 million for whale protection. This is what it looks like when a government decides that resource development and environmental stewardship are the same agenda, not competing ones.” Muir said the agreement reflects the leadership of Prime Minister Carney and the willingness of two neighbouring provinces to find common ground. “British Columbia and Alberta have spent too many years on opposite sides of resource debates that should be unifiers, not dividers. This agreement shows what happens when the two provinces that are most consequential to Canada’s energy future decide to cooperate rather than compete. It builds not just individual provinces but the whole country.” He noted that many questions remain to be worked through, including the exact role of First Nations in shaping the next phase of major project development. “Indigenous communities will participate in all of these projects as partners and decision-makers, not afterthoughts. That work matters more than ever now.” Muir added that the Cooperative Prosperity Agreement is a direct reflection of the commitments to nation-building that have been gathering momentum across the country and especially in British Columbia in recent years. “This is not one announcement. It is the culmination of a shift that has been underway for some time — a recognition that Canada’s resource economy is the foundation of its prosperity, and that the communities and First Nations who live closest to that economy deserve to lead its future.” About Resource Works Resource Works is Canada’s leading independent public engagement organization dedicated to building public understanding, policy confidence and social trust in responsible natural resource development. Media contact: Stewart Muir President and CEO, Resource Works Society (250) 589-6747 stewart@resourceworks.com <img alt="" src='https://ml.globenewswire.com/media/YTBlNDM1ZjgtZDI5ZS00NzBjLThmY2MtODdhMTdjNDA2NDEzLTUwMDA3ODAxOC0yMDI2LTA3LTAzLWVu/tiny/Resource-Works-Society.png' referrerpolicy='no-referrer-when-downgrade' />

GlobeNewswire Inc.

Resource Works welcomes Cooperative Prosperity Agreement and new oil pipeline proposal as landmark day for Canada’s resource economy

Latest news from the world of business and finance – both local and global

MONEY FM 89.3 is Singapore's first and only Business and Personal Finance station, featuring local and international business and financial news.

MONEY FM 89.3

Discover newsletters from our DJs on LinkedIn