British Columbia has introduced new legislation to limit electricity use for artificial intelligence (AI) data centers and permanently ban new cryptocurrency mining projects, as part of its broader clean energy and economic development strategy.
The proposed Energy Statutes Amendment Act, announced Monday, will prioritize electricity allocation for industries that provide more jobs and revenue, such as mining and natural gas. The province’s energy ministry emphasized that the new framework ensures power is directed toward projects that deliver the most economic and social benefits to British Columbians.
A key part of the initiative is the North Coast Transmission Line (NCTL) project, developed in partnership with First Nations. The NCTL will twin the existing line from Prince George to Terrace and extend to Bob Quinn Lake, strengthening the province’s energy infrastructure. Once operational, the project is expected to create roughly 9,700 direct full-time jobs, add nearly $10 billion to the GDP, and generate about $950 million annually in public revenues for both provincial and municipal governments. Construction is set to begin in summer 2026, with phased completion between 2032 and 2034.
Premier David Eby stated that British Columbia aims to be “the economic engine that drives a more independent Canadian economy—powered by clean energy, built through partnership with First Nations, and driven by the hard work of British Columbians.”
Energy and Climate Solutions Minister Adrian Dix added that the province’s new allocation policy will prioritize sectors like mining, natural gas, and low-emission LNG, ensuring that clean electricity supports industries that maximize public benefit.
Regulations governing industrial electricity allocation will take effect in November 2025, and BC Hydro plans to launch a competitive process for AI and data centers to access electricity starting January 2026.


FxWirePro- Major Crypto levels and bias summary
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies
Panama Supreme Court Voids Hong Kong Firm’s Panama Canal Port Contracts Over Constitutional Violations
Trump Threatens 50% Tariff on Canadian Aircraft Amid Escalating U.S.-Canada Trade Dispute
SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz
Paul Atkins Emphasizes Global Regulatory Cooperation at Fintech Conference
U.S. Justice Department Removes DHS Lawyer After Blunt Remarks in Minnesota Immigration Court
ICE Blocked From Entering Ecuador Consulate in Minneapolis During Immigration Operation
Jensen Huang Urges Taiwan Suppliers to Boost AI Chip Production Amid Surging Demand
U.S. Eases Venezuela Oil Sanctions to Boost American Investment After Maduro Ouster 



