Even when the market price of natural gas is low (and right now it is) natural-gas developers pay millions of dollars of royalties to the BC government each month. And that’s on top of corporate taxes, property taxes, and sales taxes, which together mean many more millions flowing to government to help pay for education, healthcare, and a host of other government and public services.
And yet vital facts still get missed about the royalty regime for natural gas. Here's the result of our fact-finding mission.
Posted by Resource Works | November 25, 2020 10:09 AM
As we wait for the BC Cabinet to be announced, and the all-important mandate letters to be released, here are 4 major decision points we are looking towards on the natural resources file. The quality of the Premier’s Cabinet lineup will determine whether the government’s agenda on these issues will land right – for their future electoral odds and for our province’s economy.
Posted by Margareta Dovgal | November 18, 2020 10:05 PM
According to recent findings by the Canadian Energy Centre, revenue generated from oil and gas eclipsed the federal government's contribution to family allowance and children’s benefits since 1970. The CEC's Mark Milke and Lennie Kaplan weigh in.
Posted by Resource Works | November 16, 2020 8:30 AM
A Chemist in Langley, Blair King, recently wrote about yet another flawed publication by the Canadian Centre for Policy Alternatives (CCPA). We've reprinted his expert review of the dodgy analysis in that report.
WATCH: Our second instalment of the Resource Innovation Forum featured Wes Jickling, Chief Executive of Canada's Oil Sands Innovation Alliance (COSIA), for a discussion on the collaboration that advances the environmental performance of Canada's major oil sands producers.
Posted by Resource Works | November 06, 2020 3:21 PM
WATCH: On Thursday, October 28th, we were joined by University of Calgary Chancellor Deborah Yedlin and RBC Senior Vice-President John Stackhouse for a discussion with moderator Stewart Muir on how institutional partnerships can advance innovation in Canada's oil sands.
Posted by Resource Works | November 04, 2020 10:07 AM
We’re still awaiting the rules and regulations that the federal government is drafting to execute its plan to achieve net-zero emissions in Canada by 2050. Industries and resource projects from coast to coast to coast know they will be compelled by 2050 to eliminate or offset greenhouse-gas emissions, but how?
Posted by Resource Works | October 27, 2020 11:41 AM
As the world becomes more and more digital, and manufacturing becomes greener, there will be increasing demand for critical metals, minerals and rare earths. And Canada can play a key role in supplying them.
Posted by Resource Works | October 26, 2020 10:35 AM
BC's mining industry contributes $7.4 billion to BC’s economy (GDP). It spends $3 billion to purchase goods and services from 3,700 small, medium and Indigenous businesses in 215 BC communities. And it spends $330 million on exploration.
So how is this critical industry coping with the carbon price? And why do governments seem set on making it more difficult and expensive for our mines to operate, and more difficult to compete in world markets?
Posted by Resource Works | October 23, 2020 2:39 PM
A fellow we see constantly on social media greets pretty much every post about oil and gas with a simple: “H2 is the answer.” We can understand his enthusiasm for hydrogen, a fuel you can burn to provide energy, and the only emission at the end is ... water. No greenhouse gases, no noxious particles, no pollution, no problem.
Trouble is, that word "simple” is all too true.
Posted by Resource Works | October 06, 2020 12:57 PM
Slapping the word "clean" on a policy signifies high hopes for its environmental effects. That sparkle wears off quickly if the result turns out to be costly, clunky or counterproductive because it is driven by the stick of regulation rather than the carrot of positive business incentivization. Stewart Muir looks at how market-driven solutions can show promising results in creating climate improvement.
Posted by Stewart Muir | September 30, 2020 9:01 AM
Canadians agree strongly that oil and gas is important to the country's current and future economy, they support environmentally responsible development of the sector, and they support oil and gas exports.
Posted by Resource Works | September 20, 2020 8:02 PM
We’ve kept an eye on mass-timber buildings since the Tallwood House student residence at UBC was topped off (in 2016) at a world-record 53 metres and 18 storeys. Resource Works catches up on the latest trends.
Posted by Resource Works | September 20, 2020 9:05 AM
NEWS ANALYSIS: Residents of dozens of British Columbia forest communities are on edge. Will the province's most renewable industry be allowed to continue after the release of a new provincial study? Stewart Muir looks at the facts.
Posted by Stewart Muir | September 09, 2020 7:23 AM
It turns out that industries producing the materials at the centre of modern life can be a driving force for economic recovery after the pandemic. Stewart Muir looks at how the new Stronger Tomorrow strategy looks to leverage, and evolve, longstanding job and GDP pillars in the natural resource sector.
The province of British Columbia’s Old Growth Strategic Review tackles head-on an issue that has bedevilled the government for decades: ensuring that the seemingly polarizing values of forest protection and public prosperity can somehow be harmonized. Stewart Muir looks at the issue.
Strategic assessment of climate change says new Canadian mines, power plants, pipelines and railways will be covered, but lacks details on how changes to them – and the global energy system – will be measured or enforced.
The one-word answer is: Jobs. Jobs of all kinds, but most of all we need to see the kind of high-paying, long-lasting jobs typically associated with investments in economic growth potential, writes Stewart Muir.
Wishful thinking and empty promises aren’t helping with the needed energy transition. It’s time to turn our minds and our will to the hard work of transformation by mid century based on the realities of our society and our economy, writes Mike Cleland.
We have a social-media follower that we can count on to tell us, frequently, that the real “fuel of the future” is hydrogen. We can understand his thinking: What better than a zero-emission fuel that, when burned, leaves behind nothing but water? No greenhouse gases or noxious particles; no pollution, no problem.
The last crystal ball we had was a kid’s marble from a Christmas cracker. So we’re not about to make our own predictions about the fate of oil. We’ll ignore Green MP Elizabeth May’s silly claim that “oil is dead,” and will look instead at what professional predictors are seeing in their digital crystal balls.
Eager to move off the full-throttled despair and chastising that boils over in the clash of ideas about energy? Offering insights and practicality while many of us are still cooped up at home, Stewart Muir talks about realistic solutions to the problems we're facing.
Look out. Look ’way out. And stop looking at today’s depressed spot prices in a rocky world market that’s too full of surplus LNG. Look instead to, say, 2024-2025 - which is where the investors in Woodfibre LNG and LNG Canada are looking.
The coronavirus pandemic represents the largest disruption of BC’s labour market in our history. Uncertainty and fear among many businesses, workers, customers and the general public about the continuing pandemic affects how we grasp the new normal and move beyond the crisis. Human resources expert Kerry Jothen weighs in.
Like never before, providers of materials essential to society are under pressure to accept and lead change. Finding inspiration in this dynamic setting means seeking out ideas that can survive in the real world. Stewart Muir looks at some of the ways that people – especially those who work in natural resource fields – are adapting.
So supporters of a big shift to "green" are putting heat on our federal government to turn Canada into a shiny world leader for renewable energy, now that “oil is dead.” They promote it to Ottawa as a part of the new normal they want to follow the COVID-19 pandemic. But does this logic make sense?