Spots

B.C. NDP, Conservatives both pledge to boost province’s resource development

Leaders of the B.C. NDP and Conservatives on Monday laid out plans to accelerate development of the province’s natural resources, with David Eby pledging to double critical mineral exports within five years if re-elected and Lorne Doerkson vowing to double LNG production by 2032 if his party forms government.

The promises, made in the second week of

The promises, made in the second week of campaigning ahead of the Oct. 24 provincial election, are the latest efforts by both leaders to put resource development at the centre of their economic pitches. The NDP’s Mr. Eby has made trade diversification and greater economic independence from the U.S. a throughline of his re-election bid, while interim Conservative Leader Mr. Doerkson has blamed NDP regulations for driving investment out of the province.

The pledges also come a week after the

The pledges also come a week after the provincial and federal governments gave environmental approval to a major expansion of FortisBC’s Tilbury LNG facility in Delta, B.C.

Speaking from the Port of Prince Rupert, Mr

Speaking from the Port of Prince Rupert, Mr. Eby said a re-elected NDP government would double critical mineral exports in part by running environmental assessments and permitting processes concurrently, which he said would cut timelines by more than 60 per cent. It would also set fixed permitting timelines for mineral exploration, a plan first announced in January.

As well, Mr. Eby pledged to fast-track construction

As well, Mr. Eby pledged to fast-track construction of the multibillion-dollar North Coast Transmission Line, which his government committed to advancing in early 2025. It received legislative approval last November and broke ground earlier this month. One of Prime Minister Mark Carney’s designated nation-building projects, the transmission line is projected to contribute nearly $10-billion annually to B.C.’s economy.

“Doubling the critical metals and minerals exports from

“Doubling the critical metals and minerals exports from B.C. in the next five years means more jobs, more prosperity for British Columbians, more support for the cost of living and a clear response – and support – when we’re under direct attack” from U.S. President Donald Trump’s trade war, Mr. Eby said.

Meanwhile, Mr. Doerkson said that a Conservative government

Meanwhile, Mr. Doerkson said that a Conservative government would double the province’s LNG production by 2032 and triple it by 2035 with faster permitting and approvals, while upholding “the highest environmental standards in the world.”

“But we won’t let regulatory reviews become bureaucratic

“But we won’t let regulatory reviews become bureaucratic black holes that kill good projects through attrition,” he said from Vancouver. “If a project is good for B.C., it’s going to get a yes. In fact, it’s going to get a very quick yes.”

The NDP countered that Mr. Doerkson’s targets fall

The NDP countered that Mr. Doerkson’s targets fall below the current pace of development, with five LNG projects moving toward final investment decisions “on track to more than triple production by 2035.” Mr. Doerkson said a Conservative government would also host a global investment summit in Vancouver next year.

Werner Antweiler, an associate professor at the University

Werner Antweiler, an associate professor at the University of B.C.’s Sauder School of Business, said neither party pledge was outlandish but that the outlook for critical minerals was stronger. B.C. already has a substantial mining industry and a pipeline of proposed projects that could support the NDP’s target if global demand materializes.

News

B.C. NDP, Conservatives both pledge to boost province’s resource development

Leaders of the B.C.

@spots #us
Source: Globe and Mail
See more like this