Photo: Gwii Lok’im Gibuu, Katisha Paul, Chief Na’Moks speak in Ottawa, April 14, 2026. Photo by PBI-Canada.
On April 27, CTV News reported: “Prime Minister Mark Carney has announced Canada’s first national sovereign wealth fund, calling it the ‘Canada Strong Fund’.”
That news report notes that the federal government will initially contribute $25 billion into the fund.
It also reports: “Finance Minister François-Philippe Champagne says the fund will be up and running ‘in the coming months’, but did not provide a specific date when asked by reporters in Montreal.”
CBC News adds: “The government says the new Canada Strong Fund will work in partnership with private industry to serve as an investment vehicle for the major national projects this government has expressed interest in.”
Canada Investment Summit in Toronto this September
This announcement comes ten days after CBC reported: “Carney has invited 100 of the world’s biggest investors to a summit in Toronto this September. The conference aims to pitch organizations that control trillions of dollars in capital on investing in Canada. The organizations include private investment firms such as Blackrock and some of the world’s biggest sovereign wealth funds, including Singapore’s GIC.”
Major projects recommended for fast-tracking
In September 2025 the prime minister announced that he had recommended LNG Canada Phase 2 to the Major Projects Office (MPO) for fast-tracking. In November 2025 Carney added Ksi Lisims to his list of major projects of “national interest” to be considered for fast-tracking by the Major Projects Office.
LNG Canada Phase 2 would involve the construction of additional compressor stations on Wet’suwet’en territory to increase the flow of the existing TC Energy Coastal GasLink fracked gas pipeline.
The Ksi Lisims LNG terminal would be fed by the Prince Rupert Gas Transmission (PRGT) pipeline that would be built on Gitanyow and Gitxsan territories.
Timelines for pending FIDs
The Globe and Mail reported that “Ksi Lisims is expected to make a final investment decision in 2026” while “industry analysts expect LNG Canada to make a final investment decision by the end of 2026 on whether to proceed with Phase 2.”
Land defenders
On April 14, 2026, PBI-Canada observed in Ottawa the call from Wet’suwet’en Hereditary Chief Na’Moks, Gitxsan hereditary leader Gwii Lok’im Gibuu (Jesse Stoeppler), Union of BC Indian Chiefs (UBCIC) Women’s Representative Katisha Paul for Export Development Canada to reject funding and support for the proposed Ksi Lisims LNG terminal and LNG Canada Phase 2 expansion.
On November 13, 2025, we noted that Gitanyow Hereditary Chief Watahayetsxw (Deborah Good) vowed to establish another blockade on her territory in northern British Columbia in response to the prime minister’s endorsement of Ksi Lisims.
PBI-Canada continues to express concern about the safety and security of Indigenous land defenders opposed to megaprojects on their territories in Canada. We are particularly concerned about the Royal Canadian Mounted Police (RCMP) Critical Response Unit-British Columbia (CRU-BC). The CRU-BC is the rebranded Community-Industry Response Group (C-IRG), the subject of a systemic investigation by the Civilian Review and Complaints Commission (CRCC).
We continue to follow this.
