First Nations, Ottawa, B.C., announce $335M for protection off Great Bear coast
VANCOUVER — A new financing initiative for 17 First Nations in British Columbia is set to expand protection for marine ecosystems off the coast of the Great Bear Rainforest.
Prime Minister Justin Trudeau said the so-called Great Bear Sea Project Finance for Permanence initiative will add about 14,000 square kilometres of newly protected areas while supporting sustainable economic development along B.C.’s central and northern coast.
“This initiative demonstrates what we’ve long known: reconciliation, nature protection and economic growth go hand-in-hand,” the prime minister told a news conference on Tuesday announcing the project alongside First Nations and provincial officials.
The federal government is committing $200 million, B.C. is contributing $60 million, while $75 million is coming from philanthropic investors, for a total of $335 million to create an ongoing endowment fund.


