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Resources & Agriculture

Province invests up to $120m in natural gas development

Province invests up to $120m in natural gas development

The province has renewed its support of B.C.'s natural gas industry by providing up to $120 million in royalty credits to encourage development.
Smart-meter firm Corix buys large U.S. utility

Smart-meter firm Corix buys large U.S. utility

Vancouver-based Corix Group of Companies ’ utilities arm has spent an undisclosed amount to buy large U.S. utility Hydro Star, LLC. from Highstar Capital Fund II, L.P. and other owners, the company announced February 20.

Shale supply glut slashes B.C.’s gas revenue

Value of province’s oil and gas rights sales dropped 74% in 2011 amid suffering prices
B.C. budget: Mineral exploration sector welcomes “responsible” budget

B.C. budget: Mineral exploration sector welcomes “responsible” budget

Finance Minister Kevin Falcon’s fiscally disciplined provincial budget has been warmly received by the Association for Mineral Exploration British Columbia (AME BC) for making B.C. a “safe harbour” for investment.
Concord Pacific diversifies, electrifies

Concord Pacific diversifies, electrifies

Prominent Vancouver developer moves into energy sector with investments in wind farm and run-of-river power projects
Halibut quota decision is no-win for DFO

Halibut quota decision is no-win for DFO

Ottawa will increase sport fishers' halibut quota by 3% – a decision neither the sport nor commercial fishing sectors are happy with.
Log exports to China up in December, lumber down

Log exports to China up in December, lumber down

B.C. lumber exports to China took a sharp dip in December, while raw log exports increased, according to BC Stats . Overall, B.C.
Mitsubishi signs $2.9 billion deal with Encana

Mitsubishi signs $2.9 billion deal with Encana

Tokyo-based Mitsubishi Corp. has signed a deal to invest approximately $2.9 billion for a 40% stake in Encana Corp. (TSX: ECA; NYSE: ECA)'s Cutbank Ridge Partnership.
B.C. has no timber management plan: Auditor General

B.C. has no timber management plan: Auditor General

The B.C. government has no long-term plan for managing B.C.'s future timber supply, B.C. Auditor General John Doyle has concluded in a new report. B.C.'s forests have been ravaged in recent years by both fire and the mountain pine beetle.
B.C. budget: Call for focus on clean energy and natural gas

B.C. budget: Call for focus on clean energy and natural gas

As B.C. waits for the provincial budget to be unveiled February 21, B.C. independent power producer Alterra Power Corp. is calling for government support for B.C.'s resource sectors.