$1.5bn plan to protect Canada's coatline could boost trade

By Olivia Minnock

Details were released today of the government’s plans to invest $1.5bn in Canada’s oceans.

It is hoped this will not only guard against oil spills and protect wildlife, but also help to enable trade.

The Oceans Protection Plan is described as “the largest ever investment made to protect Canada’s coasts and waterways”, according to Transport Canada.

See also:

March issue of Canada edition of Business Chief now live!

City Focus: Toronto

Federal government to invest p to $1bn in cybersecurity  

This was first announced in November following a diesel spill off the coast of British Columbia.

Transport Minister Marc Garneau, according to CBC, said the plan will focus on improving trade routes by making access to shipping docks more efficient. The plan will also document risks to wildlife such as endangered orca and beluga whales.

Of the $1.5bn plan, over $167mn will go into developing regulations with the input of coastal communities and scientists.

The funding will be used over the course of five years and will hopefully lead to trade carrying on uninterrupted by issues like oil spills.

It will involve increased coastguard capacity and new resource stations.


Featured Articles

Amelia DeLuca, CSO at Delta Air Lines on Female Leadership

Driving decarbonisation at Delta Air Lines, Chief Sustainability Officer Amelia DeLuca discusses the rise of the CSO and value of more women in leadership

Liz Elting – Driving Equality & Building Billion-$ Business

Founder and CEO Liz Elting Turned Her Passion into Purpose and Created a Billion-Dollar Business While Fighting for Workplace Equality – and Winning

JPMorgan Chase: Committed to supporting the next generation

JPMorgan has unveiled a host of new and expanded philanthropic activities totalling US$3.5 million to support the development of apprenticeship programmes

How efficient digital ecosystems became business critical

Technology & AI

Mastercard: Supporting clients at a time of rapid evolution

Digital Strategy

Why Ceridian has boldly rebranded to Dayforce

Human Capital