Canada is Closed for Business: Liberals Scrap Proposed BC Mining Project Due To Caribou, Grizzly Populations

Canada’s federal government is scrapping a proposed mining project in BC, ultimately hindering Canada’s energy exports during a time of heightened global energy insecurity.

Following deliberations with indigenous groups, the public, and scientific experts, Ottawa decided not to proceed with the Sukunka Coal Mine Project, an open-pit coal mining operation and processing plant proposed by Glencore Canada near Tumbler Ridge, BC. The project’s Assessment Report, conducted by the province of British Columbia on behalf of the federal government, concluded such mining activity would negatively impact the region’s caribou and grizzly bear population, release selenium and mercury into nearby waterbodies, and alter the land’s traditional purposes for the Indigenous population.

“The scientific evidence gathered in assessing this project showed that its negative impacts were significant and could not be mitigated,” said Canada’s Minister of Environment and Climate Change Steven Guilbeault. Glencore’s proposed coal mine, which had an expected lifespan of 20 years, was going to produce 3 million tonnes of steel-making coal for overseas exports. Glencore estimated the mine would have provided a $450 million boost to BC’s economy, with the construction phase creating 700 jobs and 250 jobs once the facility becomes operational.

China, which recently eased Covid-19 restrictions, is expected to increase its coal consumption substantially as industrial activity resumes. As such, the communist country is looking to foreign coal producers to meet its demands. According to Chinese customs data, Russia exported about 2.5 million tons of coking coal to China in September, up from 900,000 tons from the same period one year ago.

Information for this briefing was found via The Government of Canada, Glencore and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

2 Responses

  1. Good! The world needs to move away from coal, and antiquated ideas about “progress” and “open for business” in the face of negative effects on biodiversity and climate change should be celebrated. Not castigated as per this article. Do better.

    1. The part you’re missing is that this is a coking coal project. Coking coal is used in the production of steel, not as a source of heat energy.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos

Silver47 Samples 44.5 g/t Gold, 3,037 g/t Silver & 8.56% Copper At Kennedy Project In Nevada

Related News

Glencore Cuts Cerrejon Coal Production As Prices Hit Three-Year Low

Glencore Plc (LON: GLEN) announced on Tuesday it will reduce coal production at its Cerrejon...

Thursday, March 27, 2025, 03:47:00 PM

Cabinet Power Grab? Critics Warn of Fallout from BC’s Bill 15

The British Columbia government has reportedly introduced Bill 15, a sweeping proposal that would grant...

Sunday, May 11, 2025, 09:07:00 AM

CleanBC Is About To Lose $109.7B In Economic Activity By 2029—ICBA

British Columbia’s climate program just put a hard price on virtue: $109.7 billion in lost...

Wednesday, July 23, 2025, 10:43:00 AM

BC Expedites 18 Resource Projects Representing $20B In Investment

As part of the strides to reduce reliance on US exports, BC Premier David Eby...

Wednesday, February 5, 2025, 10:11:00 AM

Glencore and Stellantis Back $1B SPAC Deal for Nickel and Copper Mines in Brazil

Global mining company Glencore, automaker Stellantis, and Volkswagen’s battery unit PowerCo are supporting a $1...

Thursday, July 13, 2023, 12:55:20 PM