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.
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.
Finlayson Op-ed: Trump's energy, environmental policies threat to Canadian business (Troy Media and Times Colonist)
As President-elect Donald Trump prepares to assume office, it is clear that major changes are in store for American climate and energy policy. Mr. Trump’s cabinet appointments, read in conjunction with the Republican Party’s platform in the 2016 election, leave little doubt that the United States will be adopting an approach to climate and energy policy that differs markedly from the one embraced by the outgoing Obama administration.
The Risks of Needing and Wanting 'Stuff'
People are afraid of the unknown but today’s risks are no more severe than those in the past.
RELEASE: Trans Mountain pipeline expansion and Enbridge Line 3 replacement approval
The Business Council of British Columbia supports the federal government’s decision to approve the Trans Mountain Expansion Project and the Enbridge Line 3 Replacement Project as announcement by Prime Minister Justin Trudeau this afternoon.
“This decision recognizes that the Trans Mountain project and Enbridge Line 3 replacement are in the national interest and that there is a place for Canadian oil in global markets, even as the world shifts toward renewable and lower carbon energy forms and cleaner technology,” said Greg D’Avignon, President and CEO, Business Council of British Columbia. “Global demand for energy continues to grow and fossil fuels will be a major source of energy for decades to come. Canada’s responsibly sourced and well-regulated energy resources can play an important role in fulfilling this global demand.”
Finlayson & Mullen Op-Ed: Without pipelines, Canada's prosperity is on the line (Troy Media & Vancouver Sun)
When it comes to reaching new energy markets, Canada lags dangerously behind the Americans, who have aggressively expanded their oil and gas industry and built the infrastructure necessary to support it.
There are approximately 840,000 kilometers (km) of pipelines in Canada — 25,000 km of feeder lines, 250,000 km of gathering lines, 450,000 km of distribution lines, and 117,000 km of transmission lines. They carry oil, refined petroleum products, and natural gas. The National Energy Board directly regulates ~73,000 km of this pipeline network; the provinces are largely responsible for everything else.
To Pipeline or Not to Pipeline
As a major player in the global energy sector with a large and diverse endowment of natural resources, Canada must find ways to get our energy and other products to market. This is a task we are failing to do.
Finlayson Op-Ed: Economic silver linings for Canada in the Trump cloud (Troy Media)
Donald Trump’s surprise victory in the Presidential election, coupled with continued Republican control of both branches of the U.S. Congress, heralds significant changes in American policy in the domains of trade, immigration, foreign affairs, energy and taxation, among other areas. Many Canadians are understandably uneasy about the direction America may take under new leadership. At a minimum, Mr. Trump’s political ascendancy injects added stress and uncertainty into an already fragile and unsettled world.