The energy pathway

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The northwest of British Columbia is experiencing unprecedented economic opportunities. A region that has historically been supportive of industrial development is on the verge of diversifying its industrial economic base and adding to its already existing and established industries.

The proposal of several LNG plants along the coast of Northern B.C., the connecting pipeline infrastructure from the gas reservoirs in Northeast B.C., and Enbridge’s Northern Gateway project, have enormous economic implications not only for the region, but for the province and Western Canada as a whole.

The necessity to diversify Canada’s customer base for its energy products and open up the growing and energy-hungry Asian markets for future revenue and royalty streams, will result in healthier, more robust businesses and communities.

The communities in Northwestern B.C., including Kitimat and Prince Rupert as ports, and Terrace as a retail and service hub, are all open for business and have worked diligently and hard to get ready for the investment influx into the communities. The B.C. Government has supported the labour and skills gap issue with several studies and programs, and the action plan is in place to assure local people will be able to participate in the job opportunities.

Today, B.C. has a provincial government committed to energy development. Their focus is to fast-track government response so industry can set up successfully.

This commitment by provincial and regional stakeholders must be met with community support through an authentic commitment by proponents to inform, engage, and invest in the communities they wish to be active in, from initial introductions through the lifetime of a project.

The communities of Northwest B.C. recognize that the sheer volume of jobs needed to build the infrastructure will additionally require the ability for communities to be welcoming to immigrant workers who will come and help to construct this vital infrastructure that will then bring long-term, sustainable jobs for decades to come.

31-2The initial spark investments, listed at above $60 billion in June 2013, will deliver enough economies of scale to the supply and service industry. This will additionally create a robust, blossoming, and healthy economic environment, which will more easily cope with market changes as it will be diversified and protected by a broader customer base.

The demands of Canada’s, and especially B.C.’s, challenging geography, paired with world-class environmental engineering companies, will deliver state-of-the-art energy delivery solutions. This knowledge and innovation derived from B.C.’s high-environmental standard, coupled with its natural resource economy, could one day become an export product in itself. This knowledge gained by developing world-class processes and standards for the extraction and delivery of energy will become part of the legacy in developing the energy pathway.

KTIDS Northwest, a society based in Terrace, B.C., is a local group of industrial development champions that can be a resource for energy and supply companies seeking orientation to the region, introductions to local contacts, or guidance regarding community relations.

We look forward to being part of this exciting change and to supporting the region, the province, and Western Canada to develop community programs, legacy initiatives and a long-term, sustainable supply chain.

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