{"id":94124,"date":"2025-01-22T10:31:00","date_gmt":"2025-01-22T10:31:00","guid":{"rendered":"https:\/\/resourcework2.devstudio.work\/?p=94124"},"modified":"2025-03-30T01:12:24","modified_gmt":"2025-03-30T01:12:24","slug":"good-week-resources","status":"publish","type":"post","link":"https:\/\/resourcework2.devstudio.work\/?p=94124","title":{"rendered":"Last week was a good one for BC natural resources"},"content":{"rendered":"\n<p>Last week was a great one for BC\u2019s natural resource sector with several big developments showing off the sector\u2019s resilience, innovation and potential. From major LNG investments to leaders gathering in Prince George the province showed why it\u2019s still a powerhouse of resource development.<\/p>\n\n\n\n<p>Premier David Eby\u2019s&nbsp;<a href=\"https:\/\/www.biv.com\/news\/commentary\/david-eby-bc-prepared-for-economic-defence-against-american-threats-10060694\">recent op-ed<\/a>&nbsp;in&nbsp;<em>Business in Vancouver<\/em>&nbsp;outlined his government\u2019s plan to grow the economy through natural resources. Eby acknowledged the challenges the province faces \u2013 global inflation, supply chain disruptions and labour shortages \u2013 but was optimistic saying BC is well positioned to succeed because \u201cwe have abundant low-carbon natural resources the world needs \u2013 clean energy to power a growing economy and critical minerals for new technologies.\u201d<\/p>\n\n\n\n<p>Eby called for reducing red tape and speeding up permitting in key sectors like natural gas and forestry. He also highlighted the importance of projects like LNG saying \u201cgrowing our economy is how we generate the wealth to deliver on the things British Columbians care about.\u201d<\/p>\n\n\n\n<p>That vision of economic growth was backed up by big news from the LNG sector in the same week.&nbsp;<\/p>\n\n\n\n<p>On January 14 Western LNG announced it had&nbsp;<a href=\"https:\/\/boereport.com\/2025\/01\/14\/significant-investment-in-western-lng-funds-ksi-lisims-lng-and-prgt-projects-to-fid\/\">secured over $150 million<\/a>&nbsp;in private investment to fully fund the development of the Ksi Lisims LNG project and the Prince Rupert Gas Transmission (PRGT) pipeline to FID later this year. That brings total private investment in these projects to&nbsp;<a href=\"https:\/\/www.westernlng.com\/news\/significant-investment-in-western-lng-funds-ksi-lisims-lng-and-prgt-projects-to-fid\">over $265 million<\/a>.<\/p>\n\n\n\n<p>The Ksi Lisims LNG project, co-developed with the Nisga\u2019a Nation, will be a world leader in low-carbon LNG production powered by renewable hydroelectricity. Western LNG\u2019s President and CEO Davis Thames said the project \u201cmeets Canada\u2019s tough environmental standards and will help meet global energy needs while driving local prosperity.\u201d<\/p>\n\n\n\n<p>This shows investors are confident in BC as a place for responsible energy. It also shows growing recognition of Indigenous partnerships in resource projects with the Nisga\u2019a Nation at the centre of both the Ksi Lisims LNG and PRGT pipeline.<\/p>\n\n\n\n<p>Prince George was at the centre of BC\u2019s natural resource discussions this week with the BC Natural Resource Forum (BCNRF) and the inaugural Future Fuels Forum (FFF) bringing together leaders, thinkers and innovators from across Canada to talk about resource development and clean energy.<\/p>\n\n\n\n<p>The BCNRF, Western Canada\u2019s largest multi-sector resource conference,&nbsp;<a href=\"https:\/\/bcnaturalresourcesforum.com\/program\/theme\/#:~:text=BC%20Natural%20Resources%20%2D%20Purpose%2C%20Partnerships%2C%20and%20Prosperity&amp;text=We%20will%20showcase%20the%20role,shaping%20international%20standards%20and%20practices.\">was themed<\/a>&nbsp;\u201cPurpose, Partnerships, Prosperity\u201d. The forum looked at the interplay between economic and social impact and the need for collaboration between First Nations, government and industry. Speakers included Nisga\u2019a leader Eva Clayton and BC\u2019s Minister of Energy and Climate Solutions, Adrian Dix.<\/p>\n\n\n\n<p>The FFF,&nbsp;<a href=\"https:\/\/www.eventbrite.ca\/e\/resource-works-reception-future-fuels-forum-bc-natural-resources-forum-tickets-1110748070379?aff=oddtdtcreator\/\">held at<\/a>&nbsp;the House of Ancestors, featured the latest energy technologies such as hydrogen corridors and synthetic diesel from woody biomass. Prince George Mayor Simon Yu said \u201cthis will help grow industry in the area, create jobs, economic growth and public private partnerships.\u201d<\/p>\n\n\n\n<p>This week\u2019s news shows BC\u2019s natural resource sector is adjusting to the new world. From Eby\u2019s focus on economic growth and reducing red tape to the LNG and clean energy breakthroughs, BC is showing it can balance environmental responsibility with economic opportunity.<\/p>\n\n\n\n<p>As Eby wrote \u201cBC has a strong and diversified economy less exposed to the US than other provinces. We have everything we need to succeed in the new world\u201d. With more investment, collaboration and innovation BC\u2019s natural resource sector will deliver prosperity for generations to come.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Between David Eby&#8217;s promises, new foreign investment, and the progress made in Prince George, last week was a great one for natural resources.<\/p>\n","protected":false},"author":3,"featured_media":94129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3,4,2],"tags":[50,178,25,47],"class_list":["post-94124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forestry","category-mining","category-oil-gas","tag-british-columbia","tag-ksi-lisims","tag-lng","tag-natural-resources"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Last week was a good one for 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