A report by Philip Cross in collaboration with Resource Works and the First Nations LNG Alliance.
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Foreword
On behalf of Resource Works and the First Nations LNG Alliance (FNLNGA), we proudly present this comprehensive report on the economic impact of Liquefied Natural Gas (LNG) projects in British Columbia. The goal of this study is to offer a clear, data-driven view of how LNG development can transform the economic landscape of our province and enhance the economic standing of Indigenous peoples— indeed, of the entire nation.
LNG projects represent more than just substantial capital investments; they are key to fostering sustainable economic growth, generating employment, and enhancing the overall prosperity of British Columbia. Through diligent research and robust economic modeling, this report illuminates the profound implications of these initiatives, not just within the direct sphere of energy production but across multiple sectors of the economy.
As we launch this report, we aim to engage with policymakers, industry stakeholders, and the communities affected by these projects. The findings underscore the critical need for thoughtful regulatory frameworks that support the growth of the LNG industry while balancing environmental considerations and the well-being of our communities.
Together, let us move forward with the knowledge and insights gained here to harness the opportunities that LNG projects present for British Columbia and Canada.
Stewart Muir, Founder and CEO, Resource Works.
About the First Nations LNG Alliance
The First Nations LNG Alliance is a collective of First Nations participating in, and supportive of, sustainable and responsible LNG development in BC. It also supports other forms of energy development involving First Nations, including hydro-electricity, wind, natural and renewable natural gas, hydrogen, solar, geothermal, nuclear, and biomass.
The Alliance provides public education and information to, and for, First Nations interested in LNG and energy projects, and project benefits.
About the author Philip Cross
Philip Cross is a career statistical scientist to whom accuracy, validity, reliability and evidence are a way of life. Philip does research for various institutes across Canada and is a member of the Business Cycle Dating Committee at the C.D. Howe Institute. He has written extensively on natural resources and the Canadian economy. Before that, he spent 36 years at Statistics Canada, the last few as its Chief Economic Analyst, where he researched various economic and statistical issues and wrote its monthly assessment of the economy. He writes a bi-weekly column for the Financial Post and is quoted frequently in the media. Philip has previously authored reports for Resource Works titled “LNG: Measuring its Impact on the British Columbia Economy”(2019) and “High Impact: The Economic Importance of BC's Natural Resources” (2014).