British Columbia unveils major plan to power economic growth with clean energy
Provincial reforms will restrict crypto mining while supporting data centres, AI, and hydrogen projects that deliver the greatest public benefit.
The Government of British Columbia has announced a sweeping economic and energy plan aimed at driving industrial growth through clean electricity. Centred on the North Coast Transmission Line, the plan aims to boost the province’s economy while ensuring First Nations share in the benefits.
Premier David Eby said the new legislation would make British Columbia the ‘economic engine’ of Canada, powered by clean energy and local partnerships. Set to begin in 2026, the NCTL will provide clean, affordable power to major industries such as mining, natural gas, and manufacturing.
Once operational, it is projected to create nearly 9,700 direct jobs, contribute around $10 billion to GDP, and cut millions of tonnes of carbon emissions annually.
To manage rising energy demand, the government will limit crypto mining and prioritise projects with strong economic and environmental benefits. A power allocation process for data centres, AI, and hydrogen projects will start in 2026 to support responsible growth.
The plan also enables greater First Nations participation through potential equity ownership in new energy infrastructure. Industry leaders say the project could attract billions in investment and strengthen British Columbia’s position in clean energy and critical minerals.
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