The High Seas Treaty, formally the BBNJ Agreement, creates the first process for protecting biodiversity in the two-thirds of the ocean beyond any country's jurisdiction. It entered into force in January 2026. What it can do, what it cannot, and why Canada is not yet a Party.
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The Canada Infrastructure Bank lends federal capital at rates no commercial lender can match, but only to projects that generate revenue. A CAD 1 billion loan to BC Ferries shows what that buys, and the revenue test explains which ocean assets it can reach and which it cannot.
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In Canada, the path to ocean outcomes runs through Indigenous governance. The arrangements that last are built inside it, and governance left outside a structure can leave it exposed.
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Not all ocean protection is equal. Less than half a percent of Canadian waters are strongly protected; the rest is a patchwork of partial restrictions across three federal departments and a fourth, looser category. A designated area without staff, budget, and monitoring is just a boundary on a map.
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Open-net pen salmon farming ends in coastal BC on June 30, 2029. DFO has launched a systematic review of the sea lice evidence, the peer-reviewed literature points in several directions, and no independent analysis exists of what replacing BC production would cost.
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Collecting and processing ocean data has got cheaper and faster. Knowing what we are doing to the ocean has not. Observation, interpretation and assurance are three different problems.
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