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: Fossil fuels remain key to energy future, according to report
The International Energy Agency’s Annual World Energy Outlook 2017 was released in early November. It provides a useful update on the shift to a lower carbon global energy system. The stepped-up deployment of clean energy technologies and moves towards electrification continue in many nations. At the same time, rising investment in energy efficiency is lessening the need for supply additions. However, fossil fuels still represent the bulk of global energy production and will continue to do so for the foreseeable future.
D'Avignon: Site C will be a strategic asset for a growing economy in the fight against climate change (Globe and Mail)
Is walking away from Site C really in the best interest of British Columbia’s future?
World Energy Outlook 2017
The top-line findings of the report…there is hopeful news on the ongoing transition to a lower carbon global energy system.
Dear Premier Horgan: Let's Build Site C
Having considered the evidence, including the BC Utilities Commission’s (BCUC) recent report, our reputational risk and the anticipated significant electricity demand as we accelerate into the digital age and low carbon economy, we offer our support for completing the project, for several reasons – some of which are also referenced in a recent submission from the BC Building Trades unions.
PRESENTATION: BCBC Testimony on the Oil Tanker Moratorium Act
BCBC presentation to the Canadian House of Commons Standing Committee on Transportation, Infrastructure and Communities on Bill C-48 - Oil Tanker Moratorium Act
BCBC STATEMENT on the Government of Canada's Fall Economic Update
Business Council of BC Urges Stronger Action to Tame the Federal Deficit and Improve Canada’s Competitiveness
The Business Council of British Columbia offered the following comments on today’s Economic and Fiscal Update presented in the House of Commons by Finance Minister William Morneau.
“We welcome news that the federal government’s budget deficit is shrinking more quickly than expected, mainly thanks to stronger economic growth so far in 2017,” stated Greg D’Avignon, the Business Council’s President and CEO. “Having said that, with the Canadian economy operating close to capacity, we believe the government should be aiming to achieve a balanced operating budget sooner than they are currently projecting.”
Global Oil Demand Continues to Grow
Those predicting a rapid and sustained world-wide move away from fossil fuel energy will be disappointed at the latest oil market update from the International Energy Agency (IEA).
Progress Report on Greenhouse Gas Emissions Released
Recently, the Vancouver Sun reported on a July 5th report by the National Energy Board (NEB) comparing multi-year changes in Greenhouse Gas (GHG) emissions by province.
The Energy Evolution and LNG
All evolution happens in stages. This is also true for energy use. There has never been an energy revolution — a sudden, complete, and fundamental switch from one thing to another — just gradual change as humans incrementally transition to higher-density energy forms.
Guest Author: Politicians, pipelines and paying heed to the rule of law
The new B.C. NDP government campaigned vociferously during the election that it would use every tool in its “tool kit” to stop an interprovincial pipeline expansion that is clearly within the sole jurisdiction of the federal government. There can be no doubt about the new government’s position and its overriding animus to the pipeline project.
SUBMISSION: Technical Paper on the Federal Carbon Pricing Backstop
The Business Council's summary comments on the Government of Canada's Technical Paper on a Carbon Pricing Backstop
Vancouver’s Plan Will Hurt Residents and Local Businesses
Affordability is a key challenge for people residing in the City of Vancouver (COV). Yet, earlier this week, the COV’s Green Buildings Policy for Rezoning came into effect. Once implemented, it is sure to exacerbate this problem, not just for citizens of COV but for the province as a whole as well as for the surrounding municipalities of Metro Vancouver. The policy effectively bans the use of natural gas in new buildings. It also sets the stage for Vancouver to squeeze out natural gas as an energy source for existing buildings and facilities over time.
SUBMISSION: Clean Fuel Standard Discussion Paper
The Business Council's comments on Environment and Climate Change Canada's Clean Fuel Standard Discussion Paper
The Investment Conundrum
Business non-residential capital spending has been on a declining trend for three years. The slump is particularly evident in the energy sector, but the weakness has spread well beyond the oil and gas industry.
The Expanding Role of Renewables in the Global Electricity Market
This edition of the Environment & Energy Bulletin examines the current global and national state of renewables in electricity markets and highlights BC's advantage, and opportunities, stemming from our 98% renewable electricity grid.
BC2035 is about creating a shared vision of BC’s future and laying down a pathway to realize that vision. It is about initiating conversations, fostering greater collaboration and getting politicians, policy makers, First Nations leaders, and business leaders to think about, prepare for and act on the future.
Finlayson & Peacock Op-Ed: Retooled U.S. tax regime could erode Canada’s competitive advantage (Business in Vancouver)
As U.S. President Donald Trump settles into office and the Republican-controlled Congress begins work on its legislative agenda, it is clear that sweeping changes are in store for U.S. policies in several areas. Overall, the direction of change is likely to pose some significant economic challenges for Canada.
Assessing The New US Administration's Impact on BC's Natural Resource Industries
What the US Administration does on trade, energy and environmental policy matters to BC’s natural resource sectors, and to the overall health of our economy.
Global Energy Profile in 2040
Surprise! Not. The 2016 IEA World Energy Outlook shows continued growth in global energy demand, although slowing over time largely because of improved energy efficiency and energy intensity in many countries.
RELEASE: BCBC Welcomes Provincial Government Approval of the Trans Mountain Pipeline Expansion Project
The Business Council of British Columbia welcomes today’s decision by the province to grant an environmental assessment certificate, with conditions, to the Trans Mountain Pipeline Project and to confirm that this project has met the government’s five conditions. This is an important step in advancing a nationally significant project that will deliver benefits to British Columbia communities and workers while meeting growing global demand for oil.