B.C.'s 35th premier, Christy Clark, is not going to lead her B.C. Liberal party into the next election.

This morning, she announced that she will step down as the party leader effective August 4.

It comes after the B.C. Liberals lost power after 16 years in control of the provincial government.

Clark's party won 43 seats in the May 9 election, compared to 41 for the B.C. NDP and three for the B.C. Greens.

NDP Leader John Horgan became premier after his party worked out a confidence and supply agreement with the B.C. Greens, giving them a one-seat majority on the B.C. legislature.

On election night, Clark said that the B.C. Liberals had a responsibility to form government after winning the most seats in the election.

In a statement, Clark said: "I am so proud of everything our BC Liberal Team has accomplished. From working to make British Columbia Canada’s leading economy and creating more than 200,000 new jobs, to helping thousands of single parents go from welfare to work through the Single Parent Employment Initiative, to British Columbia’s gift to the world, the protection of the Great Bear Rainforest.

"I am certain that British Columbia’s best days lie ahead. Because British Columbians can, through hard work, determination, and perseverance, achieve anything they set their minds to.”