On October 16, 2013, the Business Council of British Columbia
(BCBC) released its white paper on energy policy in BC (White
Paper). The White Paper provides an overview of BC's
energy development history and highlights the implications of three
key shifts which drive the requirement for further policy
the shale gas, revolution which has altered continental natural
gas pricing and created a new export opportunity to feed Asian
climate change, which requires coordinated approaches to energy
electricity marketplace, change which requires a new
understanding of how future electricity needs will be met when
upgrades of existing assets and new supply are needed.
Among the 41 recommendations in the White Paper, the BCBC
endorsed the following:
establishing a non-renewable resource fund by 2016 and
dedicating a small portion of it to support energy system
re-engaging Alberta and the federal government in a more
collaborative and mutually beneficial manner to move the western
market access for oil sands dialogue forward.
undertaking a review of BC's carbon management framework as
it relates to current legislated greenhouse gas ("GHG")
reduction targets. In particular, this includes viewing
exported liquefied natural gas ("LNG") and upstream
activities as a relatively clean energy resource on a global basis
in cases where LNG displaces coal-fired electricity
reconstituting the BC Utilities Commission as a public interest
regulatory body with a refreshed mandate to evaluate and report on
rate implications of energy supply options as well as the monetary
impacts of energy policy choices.
reviewing the policy framework for natural gas generation, with
a view of fostering strategic use of natural gas in electricity
reviewing the Clean Energy Act, Part 5, and removing natural
gas demand side management barriers.
leverage downstream energy opportunities to encourage greater
use of domestic gas resources.
The BCBC was formed in 1966 as the Commercial and
Industrial Research Foundation with a mission to facilitate
economic development in BC and encourage improved relations with
government and communities. Its current mission is to provide
public-policy research and recommendations to improve BC
competitiveness and prosperity.
Canada is a constitutional monarchy, a parliamentary democracy and a federation comprised of ten provinces and three territories. Canada's judiciary is independent of the legislative and executive branches of Government.
In Bank of Montreal v Bumper Development Corporation Ltd, 2016 ABQB 363, the Alberta Court of Queen's Bench enforced the "immediate replacement" provision in the Canadian Association of Petroleum Landmen 2007 Operating Procedure...
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