I would think this is a new initiative, and TELUS will be jumping on board as the corporate sponsor/advocate for UVic's ocean sciences pursuits. I wouldn't be surprised if the first corporate naming of a university building will involve TELUS.
WIth COVID slashing revenues, UVic would gladly welcome a few million bucks to rename the ocean sciences building.
Anything is possible but again I ask what does Telus have to do with the ocean? Telus has had 250 people in Victoria for years