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Natural Resources

Jul 22, 2016
Goldcorp CEO David Garofalo rides the highs and lows
Marcie Good

It was a year of very highs and very lows for Goldcorp Inc., which produced more gold than ever in 2015. With annual revenues of US$4.4 billion, it jumped six spots on this year’s Top 100 list—despite recording a US$4.2-billion loss. David Garofalo, who left the top position at HudBay Minerals...

Jul 19, 2016
"Global glut" of LNG is jeopardizing B.C.'s prospects: analyst
Marcie Good

Just breathe. Earlier this week, the Shell-backed partnership LNG Canada delayed its final decision indefinitely for a proposed LNG facility in Kitimat. Some, including energy analyst David Hughes of Global Sustainability Research, are wondering if this is a bad omen for the development of the industry in British Columbia. “I...

Jul 14, 2016
Poll: Should B.C. shift its focus away from LNG?

The LNG joint venture led by Royal Dutch Shell PLC has postponed its decision on building an export terminal in Kitimat. The Petronas-backed Pacific NorthWest LNG project near Prince Rupert is still not approved. The global supply of LNG has increased while demand is flat and oil prices are low.

Jul 12, 2016
Shell-backed LNG project put on hold
Marcie Good

Not dead yet. The LNG joint venture led by Royal Dutch Shell PLC has delayed its final investment decision on building a $40-billion export terminal in the northern British Columbia town of Kitimat. A decision on whether Shell and its three partners would proceed was expected by the end of...

Jul 5, 2016
B.C. forest industry is suffering, say West Coast mayors
Marcie Good

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...

Jun 28, 2016
Does B.C. really need Site C electricity?
Marcie Good

BC Hydro’s Site C dam will leave ratepayers a $7-billion bill for power that it doesn’t need, says Harry Swain, who chaired the joint federal-provincial review of the mega-project. (Vancouver Sun) As coal mines close in Wyoming and thousands of workers are laid off, wind farms thrive. But the clean energy...

Jun 21, 2016
Energy Forum urges premier to raise B.C.'s climate change game
Marcie Good

A coalition of B.C. power producers, industry associations and environmental organizations is calling on the provincial government to implement the 32 recommendations made by the Climate Leadership Team. Calling itself the Energy Forum, the group included Alterra Power, the BC Sustainable Energy Association, Clean Energy Canada, the David Suzuki Foundation and...

Jun 9, 2016
B.C. moves up in Fraser Institute’s mining investment ranking
Jacob Parry

British Columbia has improved as a place for mining investment, according to the Fraser Institute’s annual survey of mining executives released Thursday. B.C.’s ranking jumped 13 places over last year, but it still falls behind Saskatchewan, Quebec and Ontario—and foreign jurisdictions such as Utah, Finland and Queensland, Australia. At issue was...

Jun 7, 2016
Vancouver mayor urges prime minister to reject Kinder Morgan pipeline expansion
Marcie Good

Calling the National Energy Board’s hearings on the Kinder Morgan Trans Mountain pipeline expansion “flawed and biased,” Mayor Gregor Robertson urged Justin Trudeau on Tuesday to reject the controversial project. In an open letter also signed by Chief Maureen Thomas of the Tsleil-Waututh Nation, Chief Ian Campbell of the Squamish Nation...

Jun 1, 2016
How UBC is digging the mining industry out of a hole
Frances Bula

Damie Gongor’s enthusiasm about making life better in his home country, half a world away from Vancouver, spills over as he talks.Mongolia, he explains, went through a bad time with international mining companies in the wake of its transition to a democratic, market-based economy in 1990. The northern Asian country...

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