This page contains annotated news stories and press releases with commentary about land reform and the democratic process in British Columbia. Our comments are shown in red.
The coverage I have seen of the exploding interest in unconventional gas plays in BC's NE, so far, has left unsaid the obvious implications on Treaty 8 rights. Sprawling fields of gas wells, pipes, and roads individually and cumulatively impact populations of traditional subsistence animals - the right to continue to hunt them is guaranteed under Treaty 8. If ever meaningful cumulative impacts assessments were mandated by the government, I can't imagine many scenarios where the impacts on traditional food sources would be 'insignificant', in the terminology of the field.
The fact that meaningful assessments of cumulative effects remain absent from provincial policy speaks to the un-ethical and immoral suspension of knowledge (i.e. the government suspends their knowledge that ecosystems will suffer under un-assessed cumulative impacts) required to continue to extract non-renewable resources at the rates dictated by the market.
~Eric
The fact that meaningful assessments of cumulative effects remain absent from provincial policy speaks to the un-ethical and immoral suspension of knowledge (i.e. the government suspends their knowledge that ecosystems will suffer under un-assessed cumulative impacts) required to continue to extract non-renewable resources at the rates dictated by the market.
~Eric
Nexen shares touch all-time high on gas find
Apr 23, 2008
By Norvall Scott
Stock in Nexen Inc. [NXY-T] hit an all-time high Wednesday, as the firm unveiled a new resource in northeast British Columbia that it says could become one of the largest unconventional natural gas fields in North America.
Nexen shares hit a high of $38.25 in morning trading on the Toronto Stock Exchange, up 6.3 per cent.
Drilling at the Dilly Creek lands, a region of shale gas located in the Horn River Basin in northeast B.C., has located a gas field that's comparable to the massive Barnett Shale resource in Texas, Nexen said in a news release.
While the company needs to appraise the resource further, Dilly Creek could contain between 3 and 6 trillion cubic feet of recoverable natural gas, Nexen said.
Nexen Inc.
The addition of 6 Tcf of natural gas would increase Canada's total proven reserves by around 10 per cent. Nexen now plans to conduct a summer drilling program at Dilly Creek that would further investigate the potential resource.
"There has been a lot of excitement over this play and we are very pleased to be a large part of it," commented Nexen chief executive officer Charlie Fischer. "We are well positioned with significant acreage."
British Columbia has been attracting increasing interest to its unconventional gas resources in recent months, the result of both Alberta's plans to introduce higher royalty rates and technological breakthroughs that are increasing the productivity of shale gas resources, making them more economic.
As well as Nexen, EnCana Corp. — North America's largest gas producer, has a presence in Horn River, where it is partnered with Apache Corp. EOG Resources Inc. also holds substantial assets in the region.
Nexen shares hit a high of $38.25 in morning trading on the Toronto Stock Exchange, up 6.3 per cent.
Drilling at the Dilly Creek lands, a region of shale gas located in the Horn River Basin in northeast B.C., has located a gas field that's comparable to the massive Barnett Shale resource in Texas, Nexen said in a news release.
While the company needs to appraise the resource further, Dilly Creek could contain between 3 and 6 trillion cubic feet of recoverable natural gas, Nexen said.
Nexen Inc.
The addition of 6 Tcf of natural gas would increase Canada's total proven reserves by around 10 per cent. Nexen now plans to conduct a summer drilling program at Dilly Creek that would further investigate the potential resource.
"There has been a lot of excitement over this play and we are very pleased to be a large part of it," commented Nexen chief executive officer Charlie Fischer. "We are well positioned with significant acreage."
British Columbia has been attracting increasing interest to its unconventional gas resources in recent months, the result of both Alberta's plans to introduce higher royalty rates and technological breakthroughs that are increasing the productivity of shale gas resources, making them more economic.
As well as Nexen, EnCana Corp. — North America's largest gas producer, has a presence in Horn River, where it is partnered with Apache Corp. EOG Resources Inc. also holds substantial assets in the region.
