Energy & Infrastructure
Natural resources are, and will continue to be, a crucial component of the economic well-being of British Columbians. To advance BC's prosperity, we must responsibly develop new forms of energy resources and build the necessary infrastructure to connect them with global markets. The Council’s work supports the efforts of businesses and governments to develop resource projects, energy systems and transportation networks in a way that minimizes the environmental impacts and maximizes economic benefits for communities and BC’s job creators.
Finlayson & Mullen Op-Ed: The high-stakes international oil game that Canada’s losing (Troy Media)
Canada has long depended on a single market for its exports of energy. This over-reliance on one customer, the United States, carries significant risks.
Comparison of electricity prices in North America
B.C. industrial power consumers are concerned about the combined effect of recent rate increases and a seemingly endless layering of other government-directed costs.
Are electric vehicles really the answer?
Given the intrinsic and complicated role of the automobile in our lives, the challenges of transition are enormous.
Bold, long-term transportation vision required
This week’s Massey Tunnel report released by the Provincial Government is the latest reminder, over the last number of years, that we desperately need a smart, consolidated and province-wide transportation strategy that secures our future.
Finlayson & Peacock Column: LNG Canada atop lists of stories affecting B.C. 2018 economy (Business in Vancouver)
In an environment of rapid economic and political change, further compounded by activist governments at both the federal and provincial levels, identifying 2018’s most significant stories affecting the provincial economy is challenging. Below we take a stab at the task, focusing on developments that we judge to be of particular relevance to B.C.
Comments on the NDP government’s “CleanBC” plan
The challenges of energy transformation envisaged by CleanBC are significant.
BCBC Statement on CleanBC
Tools within the CleanBC plan support the Low-Carbon Industrial Strategy and begin to position B.C. businesses and the province to be a supplier of choice for international markets seeking lower-carbon intensive energy, commodities and other inputs for their expanding economies.
SUBMISSION: Port modernization review
The Business Council's comments on the Government of Canada's Port Modernization Review
SUBMISSION: BCBC comments on TransMountain pipeline project
Business Council of British Columbia submission to the National Energy Board regarding its reconsideration of aspects of its recommendation Report on the Trans Mountain Expansion Project.
Government-business MOU aimed at establishing B.C. as low-carbon economy leader
British Columbia’s government and business leaders have signed a first-of-its-kind agreement to establish B.C. as a world leader in delivering low-carbon goods and services to domestic and global markets.
Finlayson & Peacock Op-Ed: Natural gas lifts B.C. economy as housing’s contribution slows (Business in Vancouver)
The B.C. economy grew by a surprisingly robust 3.8% (after inflation) last year. This is surprising because not only does it follow a strong 3.2% expansion in 2016, but it also marks another year when the province grew at a pace above its long-run potential.
Some observers may be taken slightly aback that B.C. managed to achieve such an impressive growth rate amid an unsettled global backdrop and the early stages of a slowdown in the province’s normally busy residential housing complex.
Global electric renewables
The data is clear: transitioning to a less carbon-intensive global energy system is necessary if the world is to have any prospect of addressing climate change. The process is underway, and although renewables still make up a relatively small percentage of total global energy production and consumption, their contribution is growing.
Release: LNG Canada investment marks a clean start for economic growth
BCBC today welcomes the LNG Canada joint venture participants’ final investment decision to build an LNG export facility in Kitimat, B.C.
Energy production, consumption and trade: How Canada and B.C. stack up
If British Columbia or Canada ceased to exist tomorrow, the greenhouse gas emissions eliminated from energy production and consumption relative to the global total would be equivalent to a rounding error.
Statement from BCBC regarding Federal Court of Appeal ruling
The Business Council of British Columbia has released the following statement from President and Chief Executive Officer, Greg D’Avignon regarding this week’s ruling by the Federal Court of Appeal
RELEASE: Professional Reliance Review Report Provides Solutions Looking for a Problem
The Business Council of British Columbia has significant concerns with the recently released Professional Reliance Review Report which has offered a series of recommendations related to the province’s professional reliance model.
SUBMISSION: Bill C-69 Impact Assessment Act and related discussion papers
The Business Council has significant concerns with Bill C-69 and with some parts of the related discussion papers.
Release: BCBC Statement Following May 24 Court Decision on TMX
Greg D'Avignon, President and Chief Executive Officer of the Business Council of British Columbia issued the following statement following today's BC Supreme Court rulings related to the Trans Mountain Pipeline Project:
"Certainty of process is fundamental in any democracy. The Business Council continues to urge the federal and provincial governments to adhere to and support all regulatory processes they have established."
BCBC on Premier Horgan's "Crisis of Confidence"
"This is no longer about a pipeline project or whether one supports or opposes the legal movement of energy in Canada....this is a referendum on whether British Columbia is open to investment and whether a legal enterprise can, with any confidence, invest, build and operate a business within the province and the country."
RELEASE: BCBC welcomes important step in advancing LNG in B.C.
The Business Council of British Columbia today welcomes news of a Fiscal Framework Agreement between the Province of B.C. and LNG Canada. The completion of this agreement signals an important step towards the realization of a major LNG project in the province and the largest infrastructure project in Canada’s history – a project that promises to generate lasting economic benefits for all British Columbians.