$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.

Share

Featured Articles

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

During this unprecedented era of rapid digital transformation, establishing a well-functioning ecosystem stands to benefit both employees and customers

Mastercard: Supporting clients at a time of rapid evolution

Mastercard has announced a significant expansion of its consulting business with the launch of new practices dedicated to both AI and economics

Why Ceridian has boldly rebranded to Dayforce

Human Capital

McKinsey’s eight lessons in leadership for aspiring CEOs

Leadership & Strategy

KPMG: The biggest challenges facing global CEOs in 2023

Leadership & Strategy