The most optimistic forecasts see independent power producers adding $9 billion to the economy and 9,100 full time jobs over the next decade. Direct payments to government are expected to reach about $530 million annually. While it may not have the heft of oil and gas, clean energy still holds great potential to deliver significant economic benefits to the province. It already has. Capital spending by IPPs so far amounts to $2.8 billion, and study by PricewaterhouseCoopers LLP, commissioned by the Independent Power Producers Association, sees that figure rising to $29 billion by 2020. IPPs employ 1,175 British Columbians today, with another 7,930 jobs expected to be created by 2020. Link to full article
Politicians join forces to tackle climate change in an effort to stimulate economic growth. The governments of B.C., Washington, Oregon and California, vowed Friday to cooperate on a host of initiatives from promoting high-speed rail to developing renewable energy projects to tackle climate change in a way that will also boost the economy.”The main agenda here is not only to build our states and this whole [Pacific] rim, but also to inspire our federal governments to go in the same direction,” California Gov. Arnold Schwarzenegger said before signing the two memorandums that representatives signed that promised cooperation. Link to full article
Government hopes to make B.C. a hub for business and investment in this expanding sector…Premier Gordon Campbell and Energy Minister Blair Lekstrom introduced three deals, all involving British Columbia companies and international partners, and gave their strongest indication yet that the Clean Energy Act announced in last week’s throne speech will fundamentally change the energy development landscape.”B. C. is home to 1,000 clean-tech and environmental companies. This is the third-largest clean energy and research-development hub in the world,” Campbell said during a 90-minute “Clean Energy Day” kickoff at the B.C. media centre on Robson Street downtown. Link to full article
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