The B.C. government will be conducting a competitiveness review of its upstream industry, according to Dave Nikolejsin, B.C.’s deputy minister of Energy, Mines and Petroleum Resources.
He noted this during a B.C. government update at a Canadian Association for Unconventional Resources (CSUR) event on Friday, Nov. 2.
“We are going to be back to the whole competitiveness exercise and understanding how those things play against each other, how our different actions are affecting competitiveness with what we’re doing with our own environmental legislation, or royalty programs or whatever that might be,” he said.
“We’re going to be launching a total review of the upstream competitiveness space.
“We’ve done this before historically, we’re going to do it again. We’re going to school that up and try to really understand those dynamics and work with you all in the producer community and others around how to square that circle and make sure that we maintain competitiveness while we pay attention to this brand that we’re trying to develop.”
Nikolejsin later added: “Part of what’s happening is, it’s not just things like carbon taxes that are affecting competitiveness.
“Everything, from what we’re doing with our environmental assessment, we’ve got all this stuff we’re doing with UNDRIP … and other things, then you’ve got labour code changes coming.
“You start to stack them up, and which straw breaks the camel’s back? That’s what I want to know.”
Ines Piccinino, assistant deputy minister in the oil and gas division, said the upstream review will be done in 2019.
“Every two years, we do an internal competitiveness report,” she told the CSUR event. “We still don’t know how we’re going to do it; we’re discussing it internally.
“At the end of the day, we’d like to look at the world through your eyes in terms of seeing all of the stuff that you see happening to you in terms of government initiatives and how there are accumulation impacts [to the] competitiveness of the upstream.”