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Feb 08, 2024
Changes to province’s Land Act will be a death knell for investment
In a move that surprised both British Columbians and Canadians across the country, B.C.’s NDP government intends to change the province’s Land Act and essentially establish a co-management partnership with more than 200 First Nations, who will become joint landlords of more than 90 per cent of B.C. and own veto power over any land-use decisions.
The NDP, which holds 56 of 87 seats in the provincial legislature, plans to table the proposal in the spring. If passed, the revised act will represent a massive barrier to infrastructure projects in the province and a death knell for investment.