BC Biz


Teck produces record quarter
The Canadian Press - Apr 27, 2022 - BC Biz

Teck Resources Ltd. posted another record quarterly profit Wednesday, putting the company in strong financial position as it gears up for the completion of its massive new QB2 copper mine in Chile later this year. The Vancouver-based mining company reported first quarter earnings of $1.57 billion, up from $305 million as demand for its copper, […]

BC companies win Musk money
The Canadian Press - Apr 22, 2022 - BC Biz

VANCOUVER — Three Canadian companies with carbon capture technologies have won $1 million each from entrepreneur Elon Musk’s foundation. The University of British Columbia says in a news release that its spinoff company, Carbin Minerals, has been awarded a so-called XPrize for technology that removes carbon dioxide from the atmosphere. Carbin Minerals co-founder Bethany Ladd […]

More money for mass timber
The Canadian Press - Apr 08, 2022 - BC Biz

VICTORIA — B.C. is helping to build four housing and infrastructure projects using mass timber, as the province announces an action plan to grow the sector. Speaking at the University of Victoria on Thursday, Innovation Minister Ravi Kahlon says the institution has benefited from previous government funding of $128 million toward the construction a student […]

BC artists win Oscars
Glacier Media - Mar 28, 2022 - BC Biz

Three more Oscar trophies will soon be decorating homes in Vancouver after the visual effects team behind sci-fi blockbuster Dune won the industry’s top prize Sunday night. Double Negative Ltd. (DNEG) VFX supervisors Tristan Myles and Brian Connor, along with fellow Vancouverite and former DNEG VFX supervisor Paul Lambert, took to the stage in Hollywood […]

Vancouver port activity jumps
The Canadian Press - Mar 24, 2022 - BC Biz

VANCOUVER — The Vancouver Fraser Port Authority says cargo volumes increased 1% to 146 million tonnes last year despite the pandemic, global supply chain challenges and extreme weather in B.C. at the end of the year. The country’s largest port says record container and foreign bulk volumes helped maintain cargo volumes despite trade challenges in […]

Sea-to-Sky talks go south
The Canadian Press - Mar 18, 2022 - BC Biz

WHISTLER — Talks have collapsed between striking transit workers and their employer in the Sea-to-Sky region of B.C., with the two sides unable to agree on eventual wage parity. Unifor western regional director Gavin McGarrigle says in a statement that progress was being made during two days of negotiations before they ended late Thursday. McGarrigle […]

Associate doc program stalls
The Canadian Press - Mar 14, 2022 - BC Biz

VANCOUVER — B.C.’s remedy for bringing more foreign-trained doctors into the medical profession has been delayed, sidelining potential candidates and prolonging pressure on the province’s health system, advocates say. The Institute for Canadian Citizenship, which helps newcomers and people seeking citizenship, estimates there are thousands of foreign-trained doctors whose qualifications have allowed them to be […]

Indigenous get pipeline equity
The Canadian Press - Mar 09, 2022 - BC Biz

CALGARY — Sixteen Indigenous communities along the Coastal GasLink pipeline route have signed option agreements for an equity stake in the project, a move that one Indigenous leader hopes will set a precedent for future energy infrastructure projects in Canada. In an interview Wednesday, Chief Corinna Leween of the Chaslatta Carrier Nation, whose traditional lands […]

Indigenous still want pipeline
The Canadian Press - Mar 07, 2022 - BC Biz

CALGARY — Indigenous-led groups say they remain committed to pursuing ownership of the Trans Mountain pipeline, even as cost overruns for the pipeline expansion project soar. The estimated construction costs of the pipeline expansion now sit at $21.4 billion, up from an earlier estimate of $12.6 billion. Because of previously signed shipper contracts, only 20% […]

Teck still balancing portfolio
The Canadian Press - Feb 24, 2022 - BC Biz

Teck Resources Ltd. says it remains committed to rebalancing its portfolio toward less carbon-intensive resources even though soaring prices for steelmaking coal helped push the miner to a record fourth-quarter profit. Surging global commodity prices lifted Teck to a fourth-quarter profit attributable to shareholders of nearly $1.49 billion compared with a loss of $464 million […]