Prime Minister Mark Carney unveiled a $3.8 billion funding initiative on Tuesday to safeguard nature, aligning with the government’s conservation goals. Alongside public funds, the government aims to attract private sector investments to support the conservation plan, which includes establishing new national parks and marine reserves.
During a press briefing in Wakefield, Quebec, Carney emphasized the need for substantial funding to realize the ambitious creation of protected areas, stating that public resources alone are insufficient. The government’s objective is to conserve 30% of Canada’s lands and waters by 2030, with the current protected land standing at 14%.
These conservation targets were set by the Trudeau administration following the UN Biodiversity Conference (COP15) in Montreal in 2022. Concerns have been raised by environmental groups about the government’s ability to sustain its conservation aspirations with long-term financial commitments.
Carney outlined that the funding would be distributed across three key areas: protecting nature, enhancing Canada’s infrastructure, and promoting sustainable capital investment. Immediate plans include establishing the Wiinipaawk Indigenous Protected Area and National Marine Conservation Area in eastern James Bay and the Seal River Watershed National Park in Manitoba.
Furthermore, the government plans to implement “other effective area-based conservation measures” that allow for conservation alongside certain activities. The proposal includes the creation of up to 14 new marine-protected areas and up to 10 marine conservation areas, with a focus on preserving Arctic marine habitats for polar bears, walruses, and beluga whales.
If realized, these new marine conservation areas would cover 12% of Canada’s waters, contributing to a total of 28% of protected waters. Carney expressed determination to bridge the remaining gap.
Criticism of Carney’s announcement came from the federal Conservatives, labeling it as mere illusions. A spokesperson for the Office of the Leader of the Official Opposition, Sam Lilly, accused the government of repeating past failures by introducing new bureaucratic measures without achieving significant environmental improvements.

