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Natural Resources

Aug 16, 2016
Fracking threatens dams: BC Hydro
Marcie Good

Earthquakes triggered by fracking are a potential danger to Peace River dams, according to internal emails of BC Hydro officials. Those dams at risk include the W.A.C. Bennett Dam, the Peace Canyon Dam and the $9-billion Site C dam, currently under construction. While BC Hydro has never discussed these concerns...

Aug 9, 2016
Fisheries minister promises "rigorous and robust action" to protect Fraser River salmon
Marcie Good

More fish to fry. Four years after the Cohen Commission completed a report on the decline of sockeye salmon in the Fraser River, Federal Fisheries Minister Dominic LeBlanc has reiterated his government’s commitment to act on all 75 recommendations. However, he did not say that Ottawa would follow through on...

Aug 2, 2016
Silver Wheaton pays $800 million to get more gold
Felicity Stone

Silver Wheaton now has rights to 75 per cent of a Brazilian mine's production. The Vancouver-based company, which buys “streams” of future production from miners, is spending US$800-million for rights to an additional 25 per cent of the gold produced from the Salobo mine owned by a subsidiary of Vale...

Jul 26, 2016
B.C. junior miner wins David and Goliath battle against hostile takeover bid
Marcie Good

Silver win. In a decision hailed as a precedent, Vancouver-based Dolly Varden Silver Corp. was allowed to go ahead with a private placement equity offering in a joint hearing of the Ontario and B.C. securities commissions. The $6-million placement was a defensive strategy to a hostile takeover bid by Idaho-based...

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...

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