B.C. won’t be able to quit fossil fuels any time soon

The results of greater energy efficiency will materialize over the long term, even if politicians seek abbreviated timelines

B.C. won’t be able to quit fossil fuels any time soonJock Finlayson and Denise Mullen Business Council of B.C. Metro Vancouver residents are rightly upset over paying the highest gasoline prices ever recorded in a North American city. Cost-of-living pressures are already significant for many households in British Columbia, making the recent jump in pump prices particularly hard to stomach. The unprecedented attention being given…

B.C. money-laundering crackdown carries hidden costs

The province needs to get its house in order. That means, among other things, good old-fashioned police work

B.C. money-laundering crackdown carries hidden costsBritish Columbia is hardly a tax haven in the mould of Panama, yet organized crime has still established a foothold for laundering,– according to some estimates, $1 billion or more a year. Until last year, despite mounting activity, the problem flew under the radar. Now several reports have made their way to the media and…

Metro Vancouver has too few head offices and related jobs

Headquarters are powerful economic drivers and key factors in creating and sustaining high-wage employment

Metro Vancouver has too few head offices and related jobsStatistics Canada’s latest survey of corporate headquarters provides updated counts of direct head office jobs for each province and the biggest metropolitan areas across the country. The data shows B.C., and Vancouver in particular, are falling behind. The survey covers publicly-traded and privately-owned companies as of 2017. A head office is defined as an “establishment…

B.C.’s ride-sharing red tape hurts consumers

The government is trampling on the rights of ride-sharing businesses and their potential customers

B.C.’s ride-sharing red tape hurts consumersMany British Columbians want rides from Point A to Point B and will pay somebody to drive them. Others have access to cars and want to earn money giving people rides. But the provincial government is preventing these mutually beneficial exchanges. The governing New Democrats promised during the 2017 election campaign that British Columbians would…

New coalition seeks to create a compelling LNG narrative for Canada

The group is hosting a session on Jan. 15 in Calgary to gauge interest. So far, nearly two dozen organizations plan to attend

New coalition seeks to create a compelling LNG narrative for CanadaCanada's oil and gas industry long ago lost control over the narratives that shaped the worldview of its oil sands sector. Sadly, that perspective includes much of Canada. The sector is constantly reacting to competing narratives expertly controlled by outside forces much more proficient at storytelling than we’ve been. As a result, Canada's global reputation as…

Average workers will ultimately pay B.C.’s new payroll tax

Health tax will reduce wages and job opportunities, and further erode the province’s investment climate

Average workers will ultimately pay B.C.’s new payroll taxBy Charles Lammam and Taylor Jackson The Fraser Institute B.C. Finance Minister Carole James called Medical Services Plan (MSP) premiums “unfair” and argued in a news release that her government’s replacement Employer Health Tax (EHT) is a “much fairer and progressive approach.” More broadly, Premier John Horgan government’s rhetoric about the new tax suggests it…

B.C. falling short of its considerable mining potential

B.C. miners face more onerous permitting process compared to other provinces. Adding another layer will only make it worse

B.C. falling short of its considerable mining potentialBy Ashley Stedman and Elmira Aliakbari The Fraser Institute To encourage natural resource development and the prosperity that comes with it, mining investors need more certainty about exploration activities – not less. It's an issue that deserves immediate attention in B.C. According to a recent Fraser Institute survey of senior mining executives, British Columbia’s regulatory…

B.C. can spur entrepreneurship by cutting personal income taxes

The downward trend in entrepreneurship could have negative and widespread effects on B.C.’s economic well-being

B.C. can spur entrepreneurship by cutting personal income taxesBy Ergete Ferede and Charles Lammam The Fraser Institute Entrepreneurship remains a vital source of innovation, which helps grow economies and provide employment opportunities for British Columbians. Unfortunately, several recent studies have found fewer businesses are being started in B.C. (and Canada as a whole), pointing a long-term decline in rates of entrepreneurship. This down­ward…

International visitors drive B.C. tourism growth

Cruising along: Airport volumes are up, cruise ship traffic strong, hotel revenues on the rise, and food and drink sales growing

International visitors drive B.C. tourism growthBy Jock Finlayson and Kristine St.-Laurent Business Council of B.C. It turns out that 2017 marked a 14-year high for annual international tourism to B.C. Some 7.9 million international travellers entered the province last year, an increase of 3.5 per cent over 2016. And the data for the first quarter of 2018 look even better, setting the…

B.C. must rein in public sector wages and benefits

Bringing government employee wages and benefits in line with private-sector norms is key to balancing B.C.’s budget

B.C. must rein in public sector wages and benefitsBy Charles Lammam, Hugh MacIntyre and Milagros Palacios The Fraser Institute During last year’s election campaign and in his first full budget as premier, John Horgan promised to balance British Columbia’s operating budget. If his NDP government remains committed to this promise, the coming negotiations on compensation with 183 public-sector unions will be critically important. After…