
Premier pushes plan for mining exploration despite Bill 15 backlash
Premier David Eby has unveiled his plan to speed up mining development in northwestern B.C. to boost the provincial economy. But the announcement was overshadowed by growing opposition to a controversial law that will fast-track infrastructure and resource projects.
Eby says he has a plan to enable the province to fast-track mining development in northwestern BC, while respecting First Nations rights and conserving B.C.'s sensitive ecosystems.
"High environmental standards and partnerships with First Nations are not at odds with resource development," Eby said at a news conference overlooking the Port of Vancouver on Monday.
"Here in British Columbia, economic development, conservation of precious water and land and partnership with First Nations go together."
Eby says there's no reason it should take 12 to 15 years to approve a new mining project in B.C.
"The northwest is rich with critical minerals and metals that are the building blocks for much of the technology we rely on for our lives today, and they're also essential to new technology that will power our lives in the future. From electric cars and batteries to wind turbines and solar panels, we can't do it without these resources."
At stake, he says, is almost $50 billion in economic potential and tens of thousands of high-paying jobs.
Key to the government's economic growth plan is Bill 15. It's controversial proposed legislation that would give the cabinet the power to accelerate public infrastructure projects like schools and hospitals, and "provincially significant" private resource projects like critical mineral mines.
Indigenous leaders, environmental groups and the Union of BC Municipalities say the NDP government is giving itself unchecked power to push through resource projects with limited consultation or ecological safeguards.
Tsartlip First Nations Chief Don Tom called Eby a "snake oil salesman" whose pledge to First Nations that they will be consulted about major projects amounts to "trust us, bro."
"Trust has been broken between First Nations and the David Eby government," said Tom.
Hugh Braker, who sits on the First Nations Summit's political executive, said Indigenous leaders who voted for the NDP in the election feel betrayed.
"All the promises they made during the campaign last fall have gone out the window. They say damn the environment, full speed ahead."
Eby says the government's economic plans for mining are not connected to the proposed law.
"There's no connection between Bill 15 and today's announcement," he said.
That, despite mines being a key example cited at Eby's news conference on May 1, when he announced the bill.
Eby acknowledged that a mining project could be deemed "provincially significant" and therefore fast-tracked under that same bill.
"We do have theoretically — should the bill pass — opportunities under Bill 15," Eby said in response to a question from CBC News. "But even if Bill 15 didn't exist, we'd still be doing this announcement today."
The Association for Mineral Exploration said in a statement that in order for the province's proposed strategy for mining exploration to succeed, "it must be an open and transparent process that includes the mineral exploration sector at the table with government, First Nations and other partners."
Three First Nations leaders at Eby's event — Talhtan, Kaska͛ and Taku River Tlingit First Nations — backed the province's plan to fast-track mining development.
"We want to see our lives change for the better," said Beverly Slater, the president of the Talhtan Central Government.
In 2023, the Tahltan Central Government and the province reached a co-operation deal on the Red Chris gold and copper mine located in Tahltan Territory.
MLAs are set to vote on the final stage of the bill this week.
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Globe and Mail
26 minutes ago
- Globe and Mail
For G7 leaders, immense global challenges weigh on agenda overshadowed by Trump
The last time Canada hosted a G7 summit, Tristen Naylor gained access as an unusual spectator. He was embedded as an academic observing the summit management office that oversaw the 2018 events at Charlevoix, Que. It was, he recalls, a marvel of organization, governed by a 132-page event 'bible.' 'It's page after page of minute-by-minute play-by-play on how the summit runs, with schematics and diagrams of every room setup, who stands where, how many cars you need,' said Mr. Naylor, the director of the Oxbridge Diplomatic Academy. But as Canada once again prepares for some of the world's most powerful leaders to meet at G7 meetings that begin this weekend, all of that meticulous planning – and any hopes for agreement or even basic comity – must reckon with a series of unknowns. There are new faces: Britain's Keir Starmer, Germany's Friedrich Merz, Japan's Shigeru Ishiba and the host himself, Prime Minister Mark Carney. There is a horizon clouded with haze, from the wildfires burning across this country, from the street fires lit in protests across the United States, from the conflagrations still raging in Ukraine and Gaza, from the trade wars that have drawn the U.S. into conflict with the other countries whose leaders will attend – and, perhaps more than anything, from Donald Trump, who has returned to power with a palpable disdain for the elite multilateralism that is the pillar on which the G7 has stood for a half-century. And there is history. Carney should ignore any antics from Trump at G7 and focus on business, Chrétien says Canada to seek agreements in global peace, energy security and new partnerships at G7, Carney says The Charlevoix summit ended with Mr. Trump calling then-prime minister Justin Trudeau 'very dishonest & weak,' and withdrawing by tweet from a joint statement. 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Response to Russia's actions in Ukraine, including massive air attacks over the past week, should be met not with 'silence from the world, but concrete action,' Mr. Zelensky wrote on social media this week. 'Action from America, which has the power to force Russia into peace. Action from Europe, which has no alternative but to be strong. Action from others around the world who called for diplomacy and an end to the war – and whom Russia has ignored.' Lisa Yasko, a member of the Ukrainian parliament's Foreign Affairs Committee, said her country was looking to the G7 to lead the way with a new round of sanctions to punish Russia for refusing to accept a ceasefire. The joint communiqué issued by G7 foreign ministers at the end of their March meeting in Charlevoix had threatened exactly that. But as foreign leaders arrive in Canada seeking time with Mr. Trump, they worry his focus is directed somewhere else. Ms. Yasko said there was concern that Mr. Trump was too preoccupied with domestic politics – his feud with Elon Musk, and the deployment of troops to California – to focus on helping Ukraine, which has a dwindling supply of U.S. weaponry sent by Mr. Trump's predecessor, Joe Biden. Mr. Trump has approved only a single arms sale to Ukraine – US$310-million in spare parts and other support for F-16 fighter jets – since taking office in January. 'It's not that easy for the average Ukrainian person to understand why the Americans are not doing certain things,' Ms. Yasko said in a telephone interview. 'It all looks as if all the attention is more focused on the internal agenda, rather than what happens in foreign affairs, where the actions of United States are very much needed.' 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Yet Mr. Trump could just as easily be provoked into anger by some perceived slight. Worse, he could back his hosts into a corner from which there is no polite exit. 'If he says something really outrageous about Canadian sovereignty or the 51st state that can't be characterized as a joke – the only precedent we have in this country for that kind of behaviour is 1967,' said Chris Alexander, a former cabinet minister under Stephen Harper, recalling Ottawa's bitter condemnation of Charles de Gaulle's 'Vive le Québec libre' refrain that preceded the French president cutting short his visit. Still, he said, diminished expectations for what this G7 will accomplish should not diminish its importance. Whatever it yields – be it insults or be it harmony – will offer insight into the direction of international affairs at a moment when Mr. Trump is far from the only leader questioning old assumptions. 'We are in something like a pivot away from globalization,' said Mr. Alexander. 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Globe and Mail
41 minutes ago
- Globe and Mail
Canada's financial regulators need to reduce money laundering. A task force review might speed that up
Canada's financial regulators are about to find themselves in the hot seat. The Financial Action Task Force (FATF), a global body that sets standards to combat money laundering and terrorist financing, is conducting a review of Canada's efforts to combat financial crime. One topic that will figure prominently in that evaluation is the effectiveness of regulators, including the Financial Transactions and Reports Analysis Centre of Canada – the federal financial intelligence unit – and the Office of the Superintendent of Financial Institutions – the country's top banking regulator. Both FinTRAC and OSFI, as they are known for short, are responsible for supervising the anti-money laundering compliance of banks. The FATF has cited issues with Canada's approach to regulation, supervision and monitoring in past reviews, but this year's evaluation comes in the wake of financial-crime scandals including one involving Toronto-Dominion Bank. 'Supervisors play a crucial role in preventing money laundering and terrorist financing,' states the FATF's guidance. 'Effective supervisors also ensure that these businesses comply with their anti-money laundering and counter-terrorist financing obligations and take appropriate action if they fail to do so.' The FATF's last review of Canada in 2016 recommended that FinTRAC and OSFI co-ordinate more effectively on the supervision of banks. Specifically, it said FinTRAC had increased its supervisory capacity but still had 'somewhat limited' expertise about banking, adding OSFI was conducting its supervision with limited resources. Ottawa to overhaul financial-crime laws in new border security bill Recent money laundering scandals, however, have caused both FinTRAC and OSFI to lose face. Last fall, TD became the first bank in the United States to plead guilty to conspiracy to commit money laundering and the largest bank in U.S. history to plead guilty to failing to maintain an anti-money laundering (AML) program that complies with federal regulations. American banking regulators and the U.S. Department of Justice imposed more than US$3-billion in fines and various non-monetary penalties. The Federal Reserve Board also required the Canadian bank to relocate to the United States the parts of its anti-money laundering compliance program that are responsible for complying with U.S. law. 'This program will be subject to oversight by U.S. regulators,' stated its release. Months before publicly announcing that requirement, U.S. regulators privately questioned their Canadian counterparts about why they previously failed to spot and remedy problems with TD's anti-money laundering risk controls, The Globe and Mail reported in May 2024. 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'I would like to be forthcoming about our involvement in this case because I think that information would contribute to public confidence in the Canadian financial system,' OSFI Superintendent Peter Routledge told a Parliamentary committee in November. 'That said, Canadian law prohibits me or any OSFI official from disclosing confidential information obtained from federally regulated financial institutions in the course of OSFI's regulation and supervision activities.' Recent money laundering scandals have provided a withering assessment about the effectiveness of Canada's regulators. Maybe the FATF will finally persuade Ottawa to set them up for success.


Globe and Mail
41 minutes ago
- Globe and Mail
Inside job
Investigation When an account gets hacked, social media giant Meta offers little support, spawning a shadowy network of brokers and Meta employees who profit from helping them get back online Kathryn Blaze Baum Alexandra Posadzki Financial and cybercrime reporter The Globe and Mail Illustration by The Globe and Mail/istock to view this content.