natural gas

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In a speech to the Canada-UK Chamber of Commerce in London on July 14, 2006, Prime Minister Stephen Harper referred to Canada as the emerging “energy superpower” that his government “intends to build.”  The prime minister and Joe Oliver, minister of natural resources, have repeated this claim on various occasions since.

While the term “energy superpower” sounds exciting and important, that likely isn’t where the country is heading (and likely not what we want to be). Rather, Canada is on track to become an energy “superproducer” if the right policy framework is in place.


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BC’s governing Liberals presented a Throne Speech recently that included an unexpected announcement: the creation of a BC Prosperity Fund similar in concept to Alberta’s Heritage Fund. BC’s fund is meant to capitalize on the future opportunities from natural gas development. If done correctly, the Prosperity Fund could be a huge benefit to both current and future British Columbians. As with many things though, the devil is in the details.