Alberta oil and gas critical to B.C.’s economy

The impact of oil and natural gas is significant, whether it is for salaries, Indigenous jobs, or GDP

Alberta oil and gas critical to B.C.’s economyBy Mark Milke and Ven Venkatachalam Canadian Energy Centre How much do the oil and natural gas industries contribute to British Columbia’s economy? One way to see the impact is to look at those of Indigenous ancestry. Their employment proportions across sectors and incomes reveals a lot about where the good-paying jobs are, and also…

U.S. natural gas producers benefit from Canada’s retreat

Less supportive policies and regulatory constraints has led to natural gas stagnation in Canada

U.S. natural gas producers benefit from Canada’s retreatBy Mark Milke and Lennie Kaplan Canadian Energy Centre The United States has undergone an energy renaissance of sorts in recent years. After decades of importing significant volumes of natural gas, there has been a transformation in both the economy and policy on that source of energy in particular. Americans began to produce and export…

Trudeau delivers another blow to energy, mining sectors

Plan requiring projects to describe how they will achieve net-zero emissions may not even be feasible

Trudeau delivers another blow to energy, mining sectorsBy Alex Whalen and Elmira Aliakbari The Fraser Institute Newfoundland and Labrador’s energy sector, already struggling from the downturn in world oil markets and the COVID-19 recession, has taken another blow – this time directly from the federal government. The Liberal government of Prime Minister Justin Trudeau recently imposed new rules – known as the…

Indigenous communities see ocean of opportunity in oil and gas

Indigenous communities see ocean of opportunity in oil and gasEditor’s note: Indigenous communities across Canada are learning how to prosper in a new era of co-operation in oil and gas development. Setting aside old grievances, industry, government and First Nations communities are working together to ensure that, as equal partners, Canada’s Indigenous peoples enjoy employment and sustainable growth trickles down to them. In this…

Indigenous people ready to do business with oil and gas

Road to Reconciliation begins when Indigenous people can stand on their own two feet financially and when their quality of life increases

Indigenous people ready to do business with oil and gasEditor’s note: Indigenous communities across Canada are learning how to prosper in a new era of co-operation in oil and gas development. Setting aside old grievances, industry, government and First Nations communities are working together to ensure that, as equal partners, Canada’s Indigenous peoples enjoy employment and that sustainable growth trickles down to them. In…

B.C.’s emissions reduction targets remain out of reach

Absent a wholesale restructuring of the economy, meeting the 2030 goal will be an impossible task

B.C.’s emissions reduction targets remain out of reachBy Jock Finlayson and Denise Mullen Business Council of B.C. Targets. We all know what they mean, or think we do. Several words convey essentially the same notion – e.g., goals, objectives, ambitions and intentions. The idea is about getting something accomplished at some point in the future. This brings us to B.C.’s  greenhouse gas…

Oil industry facing (c)rude awakening

The game is up: Oil and gas companies can no longer mask their financial frailty

Oil industry facing (c)rude awakeningThe decline in oil demand accelerated by Covid-19 may be a sign of the future. Forty publicly-traded U.S. oil producers wrote down a collective $48 billion worth of the value of their assets in the first quarter of 2020, the U.S. Energy Information Administration reported. Quoting Deloitte, Oilprice.com points out that the collapse in crude…

Safe, nimble, creative: restarting B.C.’s economy

How to mitigate job loss, fear and uncertainty for workers as British Columbia navigates its post-pandemic recovery

Safe, nimble, creative: restarting B.C.’s economyCOVID-19 represents the largest labour market disruption in British Columbia’s history. Uncertainty and fear among businesses, workers and customers about the pandemic affect how we grasp the new normal and move beyond the crisis. They will only resume their lives and work when they feel safe, and see very low-risk pathways back to commerce and…

Natural resources GDP on the decline in Canada

Oil sands extraction declined largely because of shutdowns and maintenance of some production facilities. Crude oil extraction also falls

Natural resources GDP on the decline in CanadaThe natural resources sector in Canada continues to be challenged. A new report released Friday by Statistics Canada said real gross domestic product (GDP) of the natural resources sector fell 2.2 per cent in the third quarter, following a 2.8 per cent rise in the second quarter.  The federal agency said the decline was largely…

How mismanagement of B.C. forests is hurting Canada’s economy

Recent sawmill closures have exposed a raft of problems in the industry and government failure to ensure long-term productivity

How mismanagement of B.C. forests is hurting Canada’s economyRecent sawmill closures in British Columbia have brought to light the need for renewed focus on the mismanagement of B.C. forests over the past decades and what to do about it. That mismanagement is having a significant effect on the B.C. and Canadian economies. If you live in the B.C. interior, where more than 820…
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