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B.C.91裸聊视频檚 critical mineral strategy not competitive enough, industry group says

BCMA91裸聊视频檚 Michael Goehring says strategy lacks 91裸聊视频渃ompetitive fiscal policy91裸聊视频
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Michael Goehring, president and chief executive officer of the British Columbia Mining Association, is critical of the first phase of government91裸聊视频檚 critical minerals strategy. (Black Press Media file photo)

The province91裸聊视频檚 plan to accelerate critical mineral extraction projects 91裸聊视频 at least its first phase 91裸聊视频 continues to draw diverse reactions, namely for a lack of competitive fiscal policy.

Governments around the world consider minerals such as copper and nickel critical in the production of electric vehicles, solar panels and wind turbines: technologies deemed necessary to reduce greenhouse gases.

On Jan 22, coinciding with Premier David Eby91裸聊视频檚 appearance at a gathering of B.C.91裸聊视频檚 Association for Mineral Exploration, the provincial government announced its first-phase strategic plan, promising a new critical minerals project advancement office and the release of a critical minerals atlas to support exploration and land-use planning.

Michael Goehring, Mining Association of British Columbia president and chief executive officer, said in a statement Monday that the strategy recognizes the 91裸聊视频済enerational opportunity91裸聊视频 that critical minerals offer, as well as emphasizes the need to support First Nations partnerships and economic reconciliation. However, he also criticized the model for carbon tax pricing by the province.

91裸聊视频淭he mining sector believes the (strategy) lacks the foundation of a competitive fiscal framework,91裸聊视频 Goehring said in pointing to the government91裸聊视频檚 transition to an output-based carbon pricing system.

RELATED: Some dig, others bury first phase of B.C.91裸聊视频檚 critical minerals strategy

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While B.C.91裸聊视频檚 mining and smelting industry supports what Goehring calls a 91裸聊视频渃arbon price signal,91裸聊视频 it currently pays the highest carbon tax in Canada and the world, while having the lowest GHG emissions globally. But there is no further opportunity to decarbonize, because 91裸聊视频渮ero-emission haul truck technologies are not expected to be commercially available before the end of the decade, at best,91裸聊视频 Goehring said.

It is 91裸聊视频渋mperative91裸聊视频 that 91裸聊视频渆xisting and prospective critical mineral mines91裸聊视频 pay a carbon tax competitive with Ontario and Quebec, he added.

Keerit Jutla, Association for the Mineral Exploration president and CEO, said his organization welcomes Eby91裸聊视频檚 acknowledgement that more action is needed, and that it is 91裸聊视频渋mperative that greater emphasis is placed on competitiveness and the fiscal and regulatory policies that will attract investment in mineral exploration and mine development.91裸聊视频

Jutla also urged speed, if B.C. wants to remain competitive with its provincial peers. Lamenting B.C.91裸聊视频檚 declining contribution in mineral exploration measured in dollars, Jutla is calling on the provincial government to step up its financial investment.

91裸聊视频淲e believe an investment of $50 million over three years is required to sufficiently fund and implement a strategy to the same level as our other provincial peers and truly complement the federal critical minerals strategy,91裸聊视频 Jutla said.

Black Press Media reached out to the provincial government for comment.



Wolf Depner

About the Author: Wolf Depner

I joined the national team with Black Press Media in 2023 from the Peninsula News Review, where I had reported on Vancouver Island's Saanich Peninsula since 2019.
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