BC Business
Forestry is in worse shape than it was a decade ago, according to many coastal mayors. That was one finding in a survey done by the Truck Loggers Association, which also found concerns for job losses and of an aging workforce. The association, which represents independent coastal logging companies, estimates there will be 4,700 forestry jobs to fill in B.C. by 2022. (CBC)
Vancouver-based miner Tahoe Resources continues its buying spree with a $12.5-million acquisition of Goldcorp’s 2 per cent net smelter return royalty for production at Bell Creek Mine. Tahoe, which was spun out of Goldcorp in 2010, has also signed a letter of intent with the gold mining giant that would increase Tahoe’s ownership interest in their Whitney joint venture to 100 per cent. The move follows the company’s February deal with Lake Shore Gold to aquire two low-cost mines in Northern Ontario. (Mining.com)
Blame Stephen Harper, not Enbridge. That’s who columnist Graham Thomson holds responsible for the scuttling of the Northern Gateway pipeline project. In its June 23 decision to overturn the former Conservative government’s approval of the project, the Federal Court of Appeal slams the feds for failing to properly consult First Nations affected by the proposed pipeline. (National Post)
Prime Minister Trudeau agrees. Today, he reiterated his opposition to the Enbridge pipeline route. “I’ve said many times, the Great Bear Rainforest is no place for a crude oil pipeline,” he told reporters in Montreal on Tuesday. (Reuters)
Sit! Speak! Find oil! Dogs are gaining profile in the oil and gas sector for their ability to sniff out leaks in underground pipelines. But many oil companies, including Enbridge and TransCanada, prefer to use more high-tech methods. (BNN)