Statement from the BC Chamber on Teck's Decision to Withdrawal Frontier Mine Regulatory Application
Teck’s withdrawal yesterday from the regulatory review process was a serious blow to Alberta–and to Canada. After 10 years, with over $1 billion committed to the process, a commitment to carbon neutrality by 2050, and agreements with all 14 adjacent First Nations and Metis groups, the question we must ask ourselves is: What higher bar needs to be hurdled if you want to build a $20 billion project in Canada?
BC workers, consultants and supply chain partners would have benefited from Frontier, to say nothing of the tax revenue lift for infrastructure investments and social services that projects of this magnitude deliver for all Canadians.
We agree with Teck’s sobering assessment that Canada currently lacks a, “framework that reconciles resource development and climate change” (sic) and that there was essentially, “no constructive path forward for the project.”
We call on the federal government to urgently build this long-overdue framework, one that adds certainty and predictability for business but also enhances public confidence in Canada’s ability to realize its economic and environmental dreams.
About BC Chamber of Commerce
The BC Chamber is the largest and most broadly-based business organization in the province. Representing more than 125 Chambers of Commerce and 36,000 businesses of every size, sector and region of the province, the BC Chamber of Commerce is “To Know What’s on BC’s Mind.”