On October 20, BC Premier David Eby introduced Bill 31, The Energy Statutes Amendment Act.  The legislation is being touted as a necessary measure to speed up “nation building projects” in the face of threats to Canada’s sovereignty from US President Donald Trump.

When looked at in the larger context of Canada’s economic restructuring, however, the bill appears to be more about serving US imperialism than resisting it.

The immediate objective of Bill 31 is to fast-track the construction of the North Coast Transmission Line, which will transmit hydro electricity from Prince George west to Terrace, and then north to Bob Quinn Lake on the border of Alaska. This line is designed to attract investments into “critical mines, port expansions and LNG and resource development.”

In general, the bill will fast track the expansion of public energy infrastructure in northern BC by exempting large scale projects from having to seek approval from the BC Utilities Commission (BCUC). The BCUC is the body that would otherwise determine whether or not a project proposing to connect to the electricity grid is in the public interest. The bill will also eliminate the requirement of public consultations.

Addressing the anti-democratic aspects of Bill 31, Eby confidently proclaimed that the next election will decide whether or not his party made the right choice. “We are making the decision as a government that this is in our public interest,” the BC Premier said. “We will be held accountable for that decision by voters. But to my mind, there is no debate with this.”

This proposed legislation would be a complement to Bills 14 and 15, passed earlier this year to circumvent the requirement for informed prior consent from Indigenous nations and to override the need for environmental assessments.

Bill 31 will also cut some of the startup costs for resource extraction projects. BC Hydro’s current regulations state that the cost of the “basic transmission extension” will fall on the customer. In other words, companies must pay for connecting their business to the public electrical grid. These upfront costs are meant to keep Hydro rates low for the average BC resident. Eby wants to eliminate them to attract investment, essentially to subsidize private corporations at the expense of working people.

The first two thirds of constructing the North Coast Transmission Line is estimated to cost taxpayers $6 billion, up from $3 billion a few months ago. The cost of the final phase has yet to be announced.

Eby’s rationale for these subsidies to private companies is that these projects will have an outsized impact on the provincial economy. Citing a report released by the Mining Association of BC, the advocacy organization for private mining companies in the province, Eby claims that the North Coast Transmission Line will create “approximately 9,700 direct full-time jobs, contribute nearly $10 billion per year to GDP and generate approximately $950 million annually in public revenues for the province and municipal governments.”

The Mining Association of BC has been pushing for this kind of deregulations for a while, including public investment into “electrical infrastructure.” Its president, Michael Goering, was quoted in the province’s press release for Bill 31. “The North Coast transmission line,” he said, “will strengthen Canada’s position as a leading global supplier of critical minerals and metals.”

Supplying the Department of War

The announcement of Bill 31 comes at a time when the United States government is looking to Canada, among other countries, to secure mineral sources necessary for the development of technology, especially military technology.

On October 6, the US Department of War (formerly the Department of Defense) purchased a ten percent stake in Trilogy Metals, which has mining operations in northern Alaska. On October 1, the US Department of Energy announced a five per cent stake in Lithium Americas, which mines in Nevada. Both companies are based in Vancouver.

Another Vancouver-based mining company with assets in BC could be next.

Defense Metals owns the Wicheeda mine located 80 kilometres north of Prince George. The mine is advertised as a “reliable, Western-aligned supply of vital minerals, reducing reliance of foreign sources.” According to Defense Metals President and CEO, Mark Tory, Wicheeda is one of the world’s most significant deposits of rare earth minerals.

Defense Metals received $853,825 from the federal government to conduct a feasibility study in May, and is planning on completing a final feasibility study in early 2026. Notably, BC Hydro received $25 million in that same round of federal grants, to do their own technical assessment of the North Coast Transmission Line expansion.

Defense Metals has assured its potential investors that “there is momentum within the Government to accelerate the permitting process, especially in BC where the Wicheeda project is located.” Mark Tory has had favourable meetings with David Eby and traveled alongside Prime Minister Mark Carney on a trade mission to Germany in August. Tory was also invited to participate with Energy and Natural Resources Minister Tim Hodgson in a roundtable on how the Canadian government can support expanding mining projects in BC.

It’s not only Canadian governments that are interested in Wicheeda mine, however. “US authorities” have also “expressed an interest in supporting the Company as it develops the project.”

In fact, Defense Metals has close ties to the current US government. Mark Tory has bragged about the support they receive from the Republican party and said they are “open to any potential funding” the United States might offer. Two of Defense Metals advisors include Andrew Leland, a former engineer with Lockheed Martin and Karl Wagner, who spent 29 years with the CIA before becoming the head of global security at Tesla.

In a press release from Defense Metals announcing his hiring, Senior Vice President of Corporate Development, Avi Mahdavi emphasized that the company is in an “excellent position at a time when Canada and the US are accelerating their plans to secure the domestic supply of these critical minerals.”

Canada’s economic direction

In November, the Foreign Ministers of the G7 will meet in Ontario. This meeting will surely follow up on the discussions that were held in June’s G7 leaders meeting in Alberta regarding the need for securing rare earth minerals in the face of growing economic trade tensions between China and the United States, and the escalating drive to war.

While value-added manufacturing jobs are flying out of the country, federal and provincial governments are positioning Canada to be a leading exporter of raw materials. Carney has already been making supply chain agreements with NATO allies Germany and Britain. Defense Metals also boasts about the proximity of Wicheeda to the Prince Rupert port to Asia, although CEO Mark Tory has clarified that they won’t be shipping to China.

In the context of David Eby and Mark Carney both having used US tariffs and the spectre of deteriorating economic relations with the Trump administration as a smokescreen to push deregulation, you might expect that investments from the US government into Canadian mining might be a cause for concern. You’d be wrong.

“The fact that an ally of ours chooses to make an equity investment into a Canadian company whose sole asset is in the United States, I don’t think that bothers us at this time,” Mister Hodgson said.

“That’s capitalism in action.”

I couldn’t agree more.