That's at the very heart of establishing public confidence in what we do, because it's not possible anymore to invest in the economy without an eye on the impact on our environment. I think it's also possible to develop a more prosperous future while enhancing environmental sustainability.
That leads the government to make significant investments in clean technology, relying on the innovative powers of the entrepreneur. We have taken very serious steps to ensure that environmental protection and economic development go hand in hand. There are many examples within our budget and within policy statements that we've made.
Also, I think it's very important to point out that, just several weeks ago, the Prime Minister was in Vancouver and announced a $1.5 billion investment in the oceans protection plan. What's so important about that is that it has also led to very important partnership offers to indigenous communities, to be a part of first response, to be a part of the protection of the coastline.
I know, from so much time spent this year with indigenous communities on the coast, that it is that relationship with the land, the air, and the water that's fundamental, as part of their responsibility to take what was given to them by generations who came before, to leave our environment in a better place. We must respect their traditional values, but also invite indigenous peoples to be part of the process every step of the way. That's what the oceans protection plan does.
On the climate file, we've announced very important measures across the Canadian economy, working with the provinces and the territories.
Everybody knows that the Prime Minister will be sitting down with leaders at the end of this week to talk about a pan-Canadian approach. You know that we have announced the phase-out of coal by 2030. You know that we will sign equivalency agreements with the provinces because we think it's so important that the provinces, within their own jurisdiction, take the leadership role.
Working with the leaders of other jurisdictions, working with indigenous communities, we believe that we will satisfy the three pillars of economic growth, environmental sustainability, and working with indigenous peoples.