Photo Credit: Larry Goldstein WEDNESDAY, APRIL 22, 2015 Details, visit boardoftrade.com/aviation Aviation as an Enabler for B.C.'s Prosperity

Supporting Sponsors: Community Sponsors: Knowledge Partner: Media Partner:

“A ‘Yes’ vote sends a strong message to the provincial and federal governments that we need these investments.” VBOT Chair Janet Austin, pg. 4 APRIL 2015 • VOLUME 55 • NUMBER 4 THIS ISSUE Vote YES for better transportation

VBOT and Clean Energy By iain black BC plan new forum · 2 By now, you should have re- Air France touches down ceived your voting package for the at YVR with 250+ jobs · 3 2015 Metro Transporta- tion and Transit referendum. If you Port backs “Yes” vote · 3 haven’t, please contact Elections BC at 1-800-661-8683 or visit elec- Op-ed: SFU’s innovation tions.bc.ca to request a new ballot. agenda · 5 With more than one million new residents expected to call Metro Vancouver home in the next Op-ed: NEB in the eye of the storm · 6 20 years, we all have a crucial deci- sion to make as a region. At The Vancouver Board of Op-ed: LNG still a smart Trade we are actively supporting choice despite oil price · 7 the Mayors’ Council Transit and Transportation Plan – a $7.5- Op-ed: Minister Bond on billion list of projects that will im- minimum wage · 9 mediately start to address transit delays and the traffic gridlock our Photo highlights · 11 region faces. We have worked with other key organizations to create the Better Transit and Transportation Co- alition, the largest, most diverse business, labour, the environment, to ensure that goods and people pendent audits.

in B.C.’s history, to advocate for students, seniors, low-income resi- move efficiently through the Please join us and vote “Yes”

a “Yes” vote in support of the dents, the tourism industry, health region. Our economy and quality for this critical investment in Mayors’ Plan. care, and many more. Our coali- of life depend on it. Funds will be Metro Vancouver’s transportation @boardoftrade Our coalition is now comprised tion is out earning every vote by separated from general revenue network. In return, there will be of more than 140 organizations, communicating the benefits of the by the Province, dedicated to less congestion, better roads, faster /VancouverBoardofTrade representing more than 400,000 Mayors’ Plan in every municipality. transportation projects in an ac- commutes, and more bus routes. Metro Vancouver residents. This We all agree we need a modern countable and transparent way, Find out more about the “Case boardoftrade.com includes groups representing transit and transportation system and will undergo rigorous inde- for YES!” at bettertransit.info.

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hours7days 604-272-8123 | 1-877-399-8123 www.londonair.com 2 events and speakers Sounding Board April 2015 CN: A true backbone of the Canadian economy

The Vancouver Board of agenda. Mongeau will give CN’s 1997, Mongeau was named one Trade has just announced that perspective on what it takes to of ’s top 40 executives it will host CN CEO Claude generate the investment and in- under 40 years of age by the Mongeau for a luncheon this novation that allows CN to play Financial Post. In 2005, he was spring. its role as a true backbone of the selected Canada’s CFO of the Year On May 14, Mongeau will economy. by an independent committee of deliver a speech titled “Invest- Mongeau joined CN in 1994 prominent Canadian business ment and Innovation at CN, a and became CEO in 2010. Prior leaders. True Backbone of the Economy.” to joining the company, he was Don’t miss this opportunity The event will be held at the Fair- a partner with Groupe Secor, a to learn more about the major mont Waterfront Hotel. management consulting firm role CN plays and will continue In order to grow and prosper, providing strategic advice to to play in our economy moving Canada needs a healthy and large Canadian corporations. forward. vibrant transportation system, His career started in Europe Tickets for this event are now where investment and innova- with Bain & Company, a leading on sale. To register, visit board- tion are at the core of the strategic American consulting firm. In oftrade.com/events. Claude Mongeau, CEO of CN, speaks at The Vancouver Board of Trade on May 14.

eventsevents calendarcalendar update update Clean Energy Investments See our full events calendar at boardoftrade.com/events Forum coming in May 2015 The Vancouver Board of Trade LNG sector – to empowering rural Wednesday, april 15, 2015 Thursday, april 16, 2015 Thursday, april 23, 2015 is excited to partner with Clean and First Nation communities to the vancouver Board of Members’ reception Members’ reception Energy BC to present a new forum, participate in the economy in a trade Governors’ Banquet at autoform at the edge social Clean Energy Investments: Power- meaningful and sustainable way. and rix awards 2015 Grille & lounge 5 – 7 p.m. ing B.C.’s 21st Century Economy, More than a dozen speakers 6 – 9:30 p.m. 5 – 7 p.m. on May 20. are already confirmed, including Autoform This half-day event will explore BC Hydro CEO Jessica McDonald, council of governors inductee 1885 Clark Drive (at 2nd ave) Edge Social Grille & Lounge how clean energy enables B.C.’s Woodfibre LNG VP Byng Giraud, Elio R. Luongo, Canadian 1100 Granville Street Managing Partner, Tax, economy in a multifaceted and and B.C.’s Minister of Energy, Bill Wednesday, april 22, 2015 KPMG LLP transformative way, from our most Bennett. Monday, april 27, 2015 aviation Forum 2015: relied upon resource sectors – Learn more at boardoftrade. rix award for enabling B.c.’s economy In the eye of the storm: engaged community citizenship mining, forestry, and the emerging com/cleanenergy. to take flight pipelines and the national Carole Taylor, O.C., Former energy Board Journalist; Former Minister of 7 a.m. – 12 p.m. 11:30 a.m. – 2 p.m. Finance, Province of British SESSION 1: Columbia, Chancellor Emeritus, The competitive positioning of Peter Watson, Chair and Chief Simon Fraser University the Canadian aviation sector. Executive Officer, National Energy Board rix award for SESSION 2: engaged corporate citizenship Growing our aviation The Fairmont Pacific Rim Hotel Call for Global BC manufacturing and service 1038 Canada Place Vancouver Convention Centre sector. NomiNatioNs (West) SESSION 3: Tuesday, april 28, 2015 1055 Canada Place How the aviation sector supports B.c.’s Innovation engines: The Vancouver Board of Trade th Rix Awards Sponsor: business. How universities can 128 Annual General Meeting The Group SESSION 4: help us win in the global Friday, June 26, 2015 Platinum Sponsors: Credit Meeting the competitive economy Union, Shaw Business, Concord challenge. In accordance with Bylaw 9.5 – Nominating Committee – A Nominating Pacific, The Keg Steakhouse + Bar 11:45 a.m. – 2 p.m. Committee, chaired by Immediate Past Chair, Elio Luongo, has been Reception Sponsor: The Fairmont Hotel Vancouver Andrew Petter, Q.C., President Rennie Marketing Systems 900 West Georgia Street and Vice-Chancellor, Simon established to receive nominations for directors for the 2015/2016 year Gold Sponsors: Supporing Sponsors: Fraser University of The Vancouver Board of Trade. Phillips, Hager & North Investment WestJet, Air France / KLM Management, LifeLabs Pan Pacific Vancouver Community Sponsors: In accordance with Bylaw 9.6 – Nominations – Nominations for directors Silver Sponsors: 999 Canada Place Air Canada, Vancouver may be made in writing by any member of The Vancouver Board of Trade, Vancouver International Airport, International Airport, Supporing Sponsors: Pacific Blue Cross, KPMG, Beedie provided that the name of the nominee and the written consent of the Knowledge Partner: The Conference Pacific Blue Cross, Development Group, Port Metro Board of Canada McCarthy Tetrault nominee are received no later than Tuesday, May 19, 2015 by the Vancouver, RBC Royal Bank, Media Partner: The Globe and Mail Community Partner: Secretary-Treasurer at the offices of The Vancouver Board of Trade, Limited, Simon Perkins + Will attention George Cadman, Suite 400 – 999 Canada Place, Fraser University, Kingswood Media Partner: The Globe and Mail Capital Group, , CN, Vancouver, B.C. V6C 3E1. Please include an expression of interest and a International current CV or bio. Media Partner: The Globe and Mail For further information regarding nominations and any other matters pertaining to the Annual General Meeting, please contact David Crawford, Vice President, The Vancouver Board of Trade at: What speaker, topic or issue do you want explored? We’ll look into it.

E-mail: [email protected] Tel: 604-640-5457 Fax: 604-640-5485 E-mail: [email protected] register now at boardoftrade.com/events April 2015 Sounding Board member news 3 Air France brings Parisian flare and 250 jobs to B.C.

Vancouver International portunities for business, tourism on our economy,” said the Hon- Airport (YVR) welcomed Air and trade and strengthens our ourable Kerry-Lynne Findlay, France’s inaugural flight from already strong air access ties with Canada’s Minister of National Paris Charles de Gaulle Airport Europe.” Revenue. (CDG) on March 29. The non- Air France’s new service Air France and its co-carrier stop flight marked the beginning will generate approximately KLM Royal Dutch Airlines offer of a new, direct service between $13.7 million in Gross Domestic connectivity to 55 destinations in Paris and Vancouver. Product, $8.8 million in wages Europe. In addition, Air France’s “Bienvenue Air France! British to the B.C. economy and an ad- partnership with WestJet offers Columbians have been asking for ditional 250 jobs at YVR and B.C’s additional connecting opportu- direct service to Paris for some hotel, restaurants and tourist nities throughout Canada. Dignitaries cut a ceremonial ribbon at Vancouver International Airport on March 29, to time and we are very excited to attractions. “Through our ambition to mark the inaugural Air France flight from Paris to YVR. Submitted photo welcome Air France to YVR,” said “The new service will boost portray French excellence and Craig Richmond, President and tourism and business, provide lifestyle, we are proud to offer products and services,” added and Alliances, Air France-KLM. CEO, Vancouver Airport Author- more choice for Canadian travel- our Canadian and French cus- Patrick Alexandre, Executive For more information, please ity. “This new service creates op- lers and have a positive impact tomers the best of Air France’s Vice President Commercial, Sales visit yvr.ca and airfrance.ca.

Vancouver’s waterfront unites to support ‘Yes’ vote Port Metro Vancouver has nectivity and efficient goods announced its support of the movement in the Lower Main- Better Transit and Transporta- land. In the face of substantial re- tion Coalition, alongside the gional population and economic International Longshore and growth, strategic investments Warehouse Union and the B.C. in transportation are crucial to Marine Terminal Operators As- ensure livability in the region. sociation. With a million new expected Only a “yes” vote advances a residents moving into the region positive plan for improvements by 2040 and increasing trade and upgrades to reduce gridlock demands with Asia, the Lower along trade corridors that are Mainland is in need of vital in- important to our long-term eco- vestment in transportation infra- nomic development, argued the structure. Port Metro Vancouver three groups during a joint media is particularly supportive of the announcement last month. areas of the Mayor’s Council Re- “This referendum is about gional Transportation Plan that supporting local business, en- focus on how goods movement suring employees can get to can be improved along critical work, improving our quality of Lower Mainland trade corridors life and realizing Canada’s trade connecting industry and goods and economic goals,” said Robin to port facilities. SMALL BUSINESSES Silvester, President and CEO of “We are encouraging every- Port Metro Vancouver. “The vote one, including our employees, is one of the most important de- to vote ‘yes’ in the upcoming RUN ON PASSION cisions facing our region for the referendum,” said Silvester. “This next generation.” referendum is about far more (AND A LOT OF TRANSACTIONS) Port Metro Vancouver is a than transit, it’s about funding non-shareholder, financially regional transportation which Switch to unlimited transactions for $20/month self-sufficient corporation estab- includes the movement of people lished by the federal government, and goods. The two are com- with the Unlimited Chequing for Business® and invests profits in supply- pletely interconnected.” account — only from . chain infrastructure to facilitate To pledge your vote and join the safe and efficient movement the growing coalition of more of trade though the port. than 140 organizations, visit Bank. Borrow. Insure. Invest However, the port also relies bettertransit.info and pledge on regional investment in trans- “yes” for better roads, more buses To learn even more, visit envisionfinancial.ca/business portation to ensure safety, con- and more transit options. 4 chair’s message Sounding Board April 2015 Reaching new

PUBLISHER: Business in Vancouver Media Group heights EDITOR: Greg Hoekstra, 604-640-5450 AD SALES: Katharine Wilson, 604-608-5118 By janet austin Stone was his affirmation that the

As the official publication of The Vancouver Board of Trade, the Sounding Board provincial government is support- newspaper provides analysis and discussion of regional and national issues From the International Space ing a “Yes” outcome in the Metro facing the business community, along with input from member companies, allowing them to raise their profile in the business community. Station to the Commercial-Broad- Vancouver referendum on regional Sounding Board is published 12 times per year by Business in Vancouver Media way SkyTrain Station, the first few transportation funding. Group in partnership with The Vancouver Board of Trade. weeks of spring have brought a What’s more, Stone pledged Sounding Board is read by leading business executives and their employees. The downpour of activity to The Van- that the provincial government will paper has a primary circulation of 12,500 and a conservatively estimated total readership of 37,500. couver Board of Trade. provide its one-third of funding for One of the highlights that im- all projects in the Mayors’ Plan if ABOUT THE VANCOUVER BOARD OF TRADE The Vancouver Board of Trade is Vancouver’s chamber of commerce. Since 1887, mediately stands out for me is our a “Yes” vote is successful – which Janet Austin, 2014-15 Chair, The Board of Trade has been an active proponent of business in Vancouver. The wildly successful collaboration I hope will sway voters who were The Vancouver Board of Trade World Trade Centre Vancouver is the international division of The Vancouver Board of Trade and is affiliated with more than 300 WTCs worldwide. with the BC Innovation Council previously on the fence, unsure on March 20, when we jointly about whether the Province would or if you’d like to learn more about OUR MISSION STATEMENT The Vancouver Board of Trade works in the enlightened interest of its members hosted our inaugural B.C. Tech help fund these projects. the Wendy McDonald Awards and to promote, enhance and facilitate the development of the region as a Pacific Forum, featuring famed Canadian our Women’s Leadership Program, centre for trade, commerce and travel. Astronaut Chris Hadfield. All signs point to “Yes” please visit boardoftrade.com/ OUR BASIC PRINCIPLES Those who were in attendance Minister Stone’s comments WLC. The Board of Trade believes that the market system is the only system that will tell you that the forum was were made just one day after works effectively in the allocation of scarce economic resources for efficient and stable economic growth and job creation. The Board of Trade recognizes the truly out of this world (Sorry, I Elections BC began mailing voter Hats off to John Winter imperfections of the market system and supports the need for publicly provided couldn’t resist!). For a full hour and packages. By now, all registered Finally, I’d like to end by ac- services such as social services, health services and public education. The Board supports the philosophy of less government involvement in the business sector a half, Hadfield held the undivided voters across Metro Vancouver knowledging a longtime advocate and believes that governments should not do what can be done in whole or in attention of more than 400 attend- should have received their ballots of ’s business part by the private sector. ees, as he shared tales from his (if you haven’t, please contact community, John Winter, CEO of PUBLICATIONS MAIL AGREEMENT No. 40011551 childhood, his career as a fighter Elections BC as soon as possible the BC Chamber of Commerce, The Vancouver Board of Trade, World Trade Centre Suite 400, 999 Canada Place pilot, and of course, his year as at 1-800-661-8683 to request a who has just announced that he Vancouver, B.C. V6C 3E1 Commander of the International new one). will be retiring at the end of June. [email protected] Space Station, orbiting more than Stone’s remarks to The Van- For 18 years, he has lead B.C.’s 400 kilometres above the Earth’s couver Board of Trade made it “chamber of chambers,” bringing BOARD OF DIRECTORS 2014-2015 surface. very clear: A “Yes” vote sends a prominence to individual cham- EXECUTIVE COMMITTEE Speaking to entrepreneurs strong message to the provincial bers throughout our province Chair Janet Austin Chief Executive Officer from across the province, Hadfield and federal governments that we and, more importantly, bringing YWCA Metro Vancouver urged the audience to think big need these investments in transit the issues of the smaller chambers Senior Vice-Chair Tim Manning Regional VP, Commercial Financial and not be afraid to take “one giant and transportation. to Victoria and Ottawa. When Services leap” in pursuit of their dreams. It It’s time for us to give a green The Vancouver Board of Trade RBC Royal Bank Vice-Chair Robin Hemmingsen was a fitting message, given that light to a better transit and trans- rejoined the BC Chamber in 2012, Dean earlier that morning we watched portation – for our economy, our it was John who was the catalyst. BCIT School of Business Secretary-Treasurer George Cadman, QC more than a dozen startup owners environment, and our quality of He recognized the unique nature Shareholder stand on that same stage, pitching life. If you haven’t already mailed in of The Vancouver Board of Trade Boughton Law Corporation Finance and Audit Committee Chair Jon Schubert their business ideas in 90 seconds your ballot, please consider doing within the chamber family, and Jon Schubert Consulting or less. so before the May 29 deadline, yet felt both the broader chamber Policy Council Chair Robin Silvester President and Chief Executive Officer I’d like to thank the BCIC for in support of a better future. For movement, as well as VBOT, would Port Metro Vancouver their partnership on this fantastic more information, visit better- be enhanced by our (re)joining. Immediate Past Chair Elio Luongo Canadian Managing Partner, Tax event, which was a trending topic transit.info. Throughout his career, John KPMG LLP across Canada on social media, has illustrated a solid command Member at large John Nightingale of the many issues that impact our President and Chief Executive Officer and which left attendees buzzing 2015 Wendy McDonald Awards Vancouver Aquarium for the rest of the day – myself Later this week, our Women’s small businesses throughout B.C., Member at large Tracey McVicar included! I hope to see contin- Leadership Circle will proudly and shown a principled commit- Partner CAI Capital Management Company ued collaboration between our present its first batch of awards in ment to eliminating red tape and Member at large Elise Rees two organizations in the years to memory of The Vancouver Board bureaucracy, and a drive to ensure Partner, Transaction Advisory Services Ernst & Young LLP come, given our shared interest in of Trade’s first female Chair, Wendy every citizen who had the courage President and CEO Iain Black growing B.C.’s tech sector and our McDonald. The awards will be to open a small business in B.C. The Vancouver Board of Trade handed out at a special ceremony was also given every incentive to BOARD OF DIRECTORS contribution to the global innova- Penny Ballem City of Vancouver tion economy. prior to our April 8 luncheon with do so and every opportunity of Lara Dauphinee Fiore Financial Corporation, Fiore Group Dr. Kellie Leitch, Canada’s Min- doing so successfully. Free en- Maninder Dhaliwal Pacific Autism Family Centre Foundation B.C. on the Move ister of Labour and Minister of terprise and entrepreneurship in Mary Anne Davidson Acciona Infrastructures Canada Christine Day Luvo Inc. On March 17, The Vancouver Status of Women. British Columbia are in a better Michael Dervish Scotiabank Board of Trade was pleased to host Last month we published a position today thanks to John’s Anne Giardini Simon Fraser University Calvin Helin Orca Spirit Publishing & Communications B.C.’s Minister of Transportation, two-page spread in Sounding leadership and commitment. Craig Hemer Boyden Global Executive Search Todd Stone, as he unveiled his Board profiling our ten award On behalf of myself, our board David Hoff Ledcor Terry Hui Concord Pacific Developments Inc. government’s new 10-year trans- winners – a dynamic group of men of directors, and The Vancouver Moray Keith Dueck Auto Group portation plan for our province. and women who are working to Board of Trade’s President and Lori Mathison Dentons CEO, Iain Black, we congratulate Sarah McCullogh Spectra Energy As Stone outlined in his promote diversity and equality in Sacha McLean The McLean Group keynote, the new $2.5-billion plan Greater Vancouver’s business com- our friend John and offer our best Evi Mustel Mustel Group will grow our economy, improve munity. As this year’s Chair, it’s a wishes for many years of health Gordon Nelson Rogers Communications Group Jatinder Rai Response Advertising Inc. safety, upgrade aging infrastruc- great honour for me to oversee the and happiness in his retirement. Haroon Rashid Wipro Technologies ture, and support increased trade launch of this new annual awards Dr. Mark Schonfeld Langbury Holdings Lorne Segal Kingswood Properties Ltd. through the Asia-Pacific Gateway ceremony, which I’m confident Janet Austin is the 2014-15 Dennis Skulsky BC Lions Football Club – all of which is good news for our will continue to flourish in the Chair of The Vancouver Board of Denise Turner Bravura Business Solutions Inc. Faye Wightman FLW Consulting and Management Members. However, one of the years to come. Trade. She also serves as CEO of most notable remarks made by If you missed last month’s issue, YWCA Metro Vancouver. April 2015 Sounding Board guest column 5 SFU’s innovation agenda driving economic growth

By Andrew Petter a business culture recently ranked second in the world in terms of entrepreneurship. “Innovation is creativity with a job to do.” But — and here is the key — we are — John Emmerling falling short in harnessing our universities’ research capacities to increase productivity When it comes to innovation, Canadi- and job growth in the world beyond our ans have a job to do. campus gates. And doing that job means embracing a At Simon Fraser University, we have fundamentally different approach to mo- made it our mission as “Canada’s engaged bilizing knowledge in pursuit of important university” to demonstrate how universi- economic and social goals. ties can do better. This has led us to develop In our fast-changing and highly com- an innovation strategy that embraces new petitive world, the stakes for Canada are models for mobilizing our knowledge and very high. maximizing our research impact. Historically, our commitments to We don’t just push our research into the private sector R&D have been low com- world hoping it will be useful; we partner pared to our competitors, particularly the with communities and industries to pull United States. As a consequence, our pro- our research to places where it is most likely Andrew Petter, President and Vice Chancellor of Simon Fraser University, will give his annual address to the city’s ductivity — that most important measure to have significant and lasting benefits. business community April 28 at The Vancouver Board of Trade. For more info, visit boardoftrade.com/events. of overall economic health — has lagged. And we focus on galvanizing the innova- There are good reasons for this: many tive capacities of our students as well as program. sities can better mobilize knowledge to of our large firms are branch plants our faculty. Surrey’s Innovation Boulevard forges achieve extraordinary results. of companies headquartered outside A few examples: partnerships amongst higher education And it’s working. All of these initiatives Canada, while small and medium-sized 4D Labs brings researchers and busi- institutions, health agencies, businesses are showing positive results. Indeed Ven- enterprises, which account for a majority nesses together in state-of-the art facilities and government to create new health tureLabs was recently rated B.C.’s top ac- of our business-sector GDP, lack internal to work collaboratively on market-tested technologies. celerator for job creation and investment. R&D capacity. needs and opportunities. Radius, our community-based social Driven by our engaging and pioneering But in today’s economy, those reasons Venture Connection provides student innovation lab and venture incubator, spirit, SFU is demonstrating how univer- can no longer be accepted as excuses. entrepreneurs from all disciplines with empowers business students to address sities can use their creative capacities to Canada can and must improve its perfor- business mentorship and support to complex social and environmental chal- achieve important results for all Canadians. mance. develop their ideas and bring them to lenges. Andrew Petter is President and Vice Fortunately, we have what it takes to be market. Each of these is linked by a common Chancellor of Simon Fraser University. He’ll an innovation leader. VentureLabs unites SFU with three belief with radical implications — a belief give his annual keynote to The Vancouver Canadian universities are research other post-secondary institutions to that, by breaking down traditional barriers Board of Trade on April 28. Visit board- powerhouses, and Canada is blessed with deliver a world-class business accelerator between campus and community, univer- oftrade.com/events to register.

Mining in the 21st Century In the Eye of the Storm: Tuesday, May 5, 2015 | 11:30 a.m. – 2 p.m. Pipelines and the National Energy Board The Fairmont Waterfront, 900 Canada Place Way Monday, April 27, 2015 | 11:30 a.m. − 2 p.m. The Fairmont Pacific Rim Hotel, 1038 Canada Place, Vancouver Karina Briño President and Chief Executive Officer, Peter Watson Mining Association of British Columbia Chair and CEO, National Energy Board The Vancouver Board of Trade is pleased to welcome back Over the past few years, the National Energy Board (NEB) Karina Brino, President and CEO of the Mining Association has found itself in unfamiliar territory... on the front pages of of BC, for her annual keynote address. newspapers across Canada. What’s more, demands on the 2014 was an important year for the mining industry in B.C. Board seem to hit all of the major energy issues in twenty- A number of significant events bolstered our commitment first century Canada, including: to continuous improvement, transparency and community • to lead the climate change debate, engagement. • to increase market access for Canada’s energy, • to ensure that pipelines never fail, and Supporting Sponsor: Community Sponsors: • to answer to all the voices in the debate and to remain neutral through it all. In his presentation, the National Energy Board’s Chair and Community Engagement Sponsor: Media Partner: CEO, Peter Watson, will discuss why the NEB finds itself in the eye of the storm — and what they are doing about it.

boardoftrade.com boardoftrade.com 6 guest column Sounding Board April 2015 In the eye of the storm National Energy Board Chair announces cross-Canada engagement initiative this month, including VBOT visit

By Peter Watson power our economy are global and downstream of the pipeline. other people and groups that and systemic issues that people However, in my short time want to discuss pipeline safety. As Chairman of the National are passionate about. as the NEB’s Chairman I have In addition to meeting with Energy Board (NEB), I often take Let me be clear – we at the come to realize that I need to Canadians from coast to coast the view that the NEB is in the NEB care about climate change. spend more time sitting across to coast, we will also include “eye of the storm.” When we carry out pipeline the table from Canadians and an online discussion forum at The NEB is Canada’s energy reviews, we examine the green- community leaders, listening to neb-one.gc.ca, open to anyone regulator and safety watchdog. house gas emissions that would their concerns about the pipe- who wishes to share their views We regulate about 73,000 km of emit directly from the construc- lines we regulate. on pipeline safety and environ- international and interprovin- tion and operation of that pipe- Because the quasi-judicial mental protection. cial pipelines. It’s our job to help line. But as you would expect, nature of the NEB’s hearing We won’t be able to address ensure that these pipelines are those emissions are small. process is probably part of the every issue but, hopefully, operated safely and in a manner Let me also be clear that the problem when it comes to the people will better understand that protects communities and NEB does not have the author- NEB building better relation- the NEB’s role and they will also the environment. ity to regulate the greenhouse ships with Canadians…as hear- have the opportunity for their The demands on us seem to Peter Watson, Chair, gas emissions that occur when ings are rule-bound, impersonal voice to be heard. Because for hit all of the major energy issues National Energy Board of Canada the crude oil is being extracted and often downright intimidat- the NEB to remain relevant we in twenty-first century Canada; from the oil sands upstream of ing. need to be composed and abso- to increase market access for itself as a central figure in the the pipeline - that authority rests To this end, the NEB has lutely committed to listening to Canada’s energy, to lead the stories spun out into the public with provincial regulators. launched a cross-Canada en- Canadians and to helping ensure climate change debate, to allow arena. And we do not have the au- gagement initiative. We are that the pipelines we regulate more people to participate in So, why is that? And why thority to regulate the emissions travelling to every province in are safe and can be made even our process, to cut red tape, to doesn’t the NEB take into that would occur when the oil the country, including B.C. in safer. go faster, to go slower, to ensure account greenhouse gas emis- in an NEB regulated pipeline is late April, where we will listen You have my personal com- that pipelines never fail, and to sions from the oil sands when it burned to power a manufactur- to British Columbians on how mitment that we will do both. answer to all the voices in the holds hearings for pipelines that ing plant or a car - that authority the NEB can improve its pipe- Peter Watson is Chair of the debate and to remain neutral propose to carry oil sands crude? also rests with other regulators. line safety and environmental National Energy Board. On April through it all. First, energy and environ- At the NEB, we do our job. protection program. 27, he’ll speak to B.C.’s business The energy debate in Canada mental issues are more inter- And Parliament has man- We will meet with municipal community at The Vancouver is complicated; it provokes connected than ever before. dated what our job is. Other gov- leaders, Aboriginal organiza- Board of Trade. For more infor- strong and often polarized opin- Climate change and the debate ernments regulate greenhouse tions, environmental groups, mation, or to get tickets, visit ions. And the NEB often finds around forms of energy that gas emissions both upstream first responders, academics, and boardoftrade.com/events.

Aviation Forum 2015: Panel Topics Enabling B.C.’s economy to take flight Session 1 Session 2 The competitive Growing our aviation Wednesday, April 22, 2015 | 7 a.m. − 12 p.m. positioning of the manufacturing and Canadian aviation sector. service sector. The Fairmont Hotel Vancouver, 900 West Georgia St., Vancouver

Session 3 Session 4 How the aviation sector Meeting the supports business. competitive challenge.

Supporting Sponsors:

Aviation experts and airport executives from across the country are Community Sponsors: coming together to discuss the impact B.C.’s aviation industry has on a multitude of business sectors in the province. YVR was recently named #1 Airport in North America for the Knowledge Partner: sixth year in a row. Craig Richmond, President and CEO, Vancouver Airport Authority will be on hand to discuss the future of B.C.’s aviation industry. Media Partner:

boardoftrade.com For table purchases and sponsorship opportunities: [email protected] April 2015 Sounding Board guest column 7 Mining in the 21st century In spite of trying times, B.C.’s mining industry remains resilient: MABC President and CEO Karina Briño

By Karina Briño of a tailings facility at one of our has become a globally recog- resentative of an industry that is operations, the Mount Polley nized standard for the mining highly innovative, adaptable and BC Mining Week, taking place Mine. The Mining Association industry. committed to best practices and from May 3–9, is an opportunity of B.C. and its members take the TSM’s objective is to enable continuous improvement. to celebrate the mining industry incident at Mount Polley very mining companies to meet soci- In spite of these trying and its important contributions seriously and have undertaken a ety’s needs for minerals, metals times, the B.C. mining industry as a backbone industry of the series of actions to reinforce the and energy products in the most remains resilient and committed B.C. economy. best practices and safe manage- socially, economically and envi- to staying in B.C. Our province 2014 will be remembered as ment of tailing facilities across ronmentally responsible way. It is rich with natural resources an important, complex and in the province. is a set of tools and indicators to and the industry still represents many ways, challenging year The work of MABC has been drive performance and ensure a tremendous amount of po- for our industry, our members both technical and strategic that risks are managed respon- tential for growth and shared and for the association. Over the and we have engaged in regular sibly at each operation. prosperity. course of the year, we celebrated dialogue with numerous stake- TSM is demonstrative of the We hope you join us to cel- many successes, but we also holders. The implementation of B.C. mining industry’s commit- ebrate this important industry faced unprecedented events. Karina Briño, President and CEO, the Toward Sustainable Mining ment to going above and beyond during BC Mining Week 2015. 2014 was challenged with Mining Association of B.C. (TSM) program was reinforced the regulatory requirements in There will be community events global economic conditions in every discussion and activity all aspects of our business, in- across the province, including that led to a number of our jobs at mine sites were reduced, related to tailings management. cluding, safety, environmental my keynote address to The Van- operations going into care and but also suppliers’ jobs were TSM is a cornerstone of stewardship, and community couver Board of Trade on May 4. maintenance. These were dif- affected. mining in the 21st century. and First Nations engagement. Information on the many ficult decisions/situations for In August there was the un- Founded by the Mining Asso- It also demonstrates that BC Mining Week events can be our members as not only direct fortunate incident of a breach ciation of Canada in 2004, TSM mining in the 21st century is rep- found at miningweek.ca. LNG a smart choice despite depressed crude oil price

By Michael Mulcahy gas that is used in homes and will help reduce operating costs. nating 6,000 tonnes of carbon businesses in the Lower Main- LNG is also providing a new dioxide emissions each year. With the recent drop in oil land. We’ve been liquefying and energy source for remote com- With the changing energy prices, some may wonder if storing natural gas at our Tilbury munities not in proximity to demands of the transportation using liquefied natural gas LNG facility in Delta since 1971 existing pipeline or electric sector, LNG provides both cost (LNG) remains a competitive to ensure our customers have transmission infrastructure, and environmental advantages choice for the transportation the gas they need during times and where diesel and propane for all of our natural gas cus- sector and remote communities. of peak demand, such as the have traditionally been the only tomers while contributing to Despite the recent declines in coldest winter days. More re- option for electricity genera- a strong and prosperous B.C. the price of crude, LNG is still cently, we commissioned our tion. Cost savings and environ- economy. about 50 per cent less than the Mt. Hayes facility on Vancouver mental benefits are driving that Michael Mulcahy is the Presi- wholesale price of diesel. Island in 2011. These are the only demand. dent and CEO of FortisBC, a As well, LNG has other ben- two LNG facilities of their kind in Yukon Energy in Whitehorse regulated utility focused on pro- efits including a 15 to 25 per Western Canada. recently became a FortisBC viding safe and reliable energy, cent reduction in greenhouse B.C. businesses are increas- LNG customer. The LNG will including natural gas, electricity gas emissions over diesel; it’s ing their competitive position replace Yukon Energy’s diesel and propane. FortisBC employs cleaner, with less particulate with LNG through lower energy generation that supplements the more than 2,200 British Colum- Michael Mulcahy, President and CEO, matter. It is for these reasons costs and reduced price volatil- shortfall from its hydroelectric bians and serves approximately FortisBC FortisBC believes LNG remains ity. Both Seaspan Ferries Cor- generation dam. The town of 1.1 million customers in 135 B.C. an attractive energy solution for poration and BC Ferries have Inuvik in the Northwest Territo- communities. FortisBC supplies Delta, operating since 1971, B.C. and beyond. signed LNG supply agreements ries has been offsetting its diesel LNG from the only two natural and the Mt. Hayes facility near LNG is a safe way to store with us. BC Ferries expects to fuel generation operations using gas facilities in the Western Ladysmith on , and transport the same natural realize significant savings which FortisBC LNGCBDC -since Van Sounding 2013, elimi Board- - March.pdfCanada: the6 2015-03-27Tilbury facility 10:48 AMin commissioned in 2011.

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Visit boardoftrade.com/benefits BOARDDIVERSITY.CA 8 guest column Sounding Board April 2015 A balancing act Employment Minister gives The high cost of paid time off versus the need to be competitive job training update at VBOT

By Linda M. Reid ers. Three-quarters of public and During his first visit to B.C. as not-for-profit employers have Minister of Employment and Social Employees need time away formal policies for paid leaves of Development, Pierre Poilievre from work to recharge their bat- absences such as bereavement. outlined the federal government’s teries. Time off can reduce stress On the other hand, private sector low-tax plan for families, as well as and improve mental and physical employers are less likely to have skills training to prepare Canadi- health. From the employer’s per- formal policies and, instead, con- ans for in-demand jobs, during a spective a rested employee is more sider the circumstances when March 16 address to The Vancou- productive, focused and dedicated. deciding on paid leaves. ver Board of Trade. In January 2015, Western Com- WCBC also conducted research With a focus on the job market, pensation & Benefits Consultants on paid time off policies in March Poilievre said the government aims (WCBC) surveyed 320 Canadian 2011, and there have been some to provide Canadians with better employers regarding their paid changes over the past four years. labour market information, to time off policies. Both private sector and not-for- help them to make more informed Canadian employers recognize profit sector employers are pro- career decisions and to align their the important role paid time off viding more generous vacation skills with available jobs. plays in their total compensation Linda M. Reid, Consultant, WCBC entitlement to their employees in He said the government’s plan Minister Pierre Poilievre speaks to The program. While many feel their 2015 than they did in 2011, while includes enhancements to the Uni- Vancouver Board of Trade on March 16. current policies are competitive, schedules, give employees paid policies for public sector employ- versal Child Care Benefit, the new Photo by Tyson Jerry some feel there is room for im- personal days, and let employees ers have shown little change. Family Tax Cut, and improvements provement. One of the challenges have additional paid time off for Along with salaries, incentives, to the Child Care Expenses Deduc- trade apprenticeship with access to facing employers is the need to Christmas and New Year’s Eve. perks, group insurance and retire- tion and the Children’s Fitness Tax interest-free loans of up to $4,000 balance the high cost of paid time Public sector and not-for-prof- ment benefits, paid time off can Credit. per period of technical training. off with the need to have competi- its organizations typically have play an important role in an orga- Poilievre noted that the Canada “Supporting strong families tive paid time off policies which more formal paid time off policies nization’s compensation strategy. Job Grant will provide up to $15,000 and preparing Canadians for jobs help recruit new employees and than is found in the private sector. The challenge for employers is to for the direct costs of training, such go hand in hand,” said Poilievre. motivate and retain existing staff. While the majority of private sector determine the right “mix” of com- as tuition and training materials, “We’re keeping taxes low and The amount and type of paid employers allow new hires to ne- pensation components, in order which includes up to $10,000 in increasing benefits to keep more time off varies depending whether gotiate their vacation entitlement to best achieve the organization’s government contributions. hard-earned money in the pockets an organization is in the private, and may take into consideration overall needs. In addition, Economic Action of Canadians, which allows more public or not-for-profit sector. previous service with another Linda M. Reid is a consultant Plan 2014 created the Canada parents to invest in their children Not-for-profits tend to provide employer, this isn’t the case with with WCBC. To learn more, visit Apprentice Loan to provide ap- who will grow up to participate in more generous annual vacation public and not-for-profit employ- wcbc.ca. prentices registered in a Red Seal the workforce and the economy.”

Welcome to some of our newest members

Companies Individuals

ActiveCo Computer Solutions Inc. Destinationone Consulting Inc. McCue Engineering Contractors Eshleen Panatch James Ford Brian Stewart Lynda Smithard www.activeco.com www.destinationone.ca www.mccuecontracting.com Douglas Horne

Bare Advertising & Communications Fored BC Society Mesh Search Engine Management Inc. Crystal Morgan Simon Cameron Cheryl Ziola Kirk Robinson www.bare.ca www.foredbc.org www.meshinc.com Laura McAlear

BC Guide Dogs Gallery Fleur Prevue HR Systems Inc Adam Jiang Jan Hawkins Linda Marshall Christophe McGrath www.bcguidedog.com www.galleryfleur.com www.prevuehr.com Andrew Carbonneau

Cossette Communications Inc. Global Access Capital Selfology Michael Kim Anne Buch Pierre Papillon Peter Tu www.cossette.com www.globalaccesscapital.ca www.selfology.com Emily Menkveld

CustomAir Instigo.ca Shaun Raymond US Tax Services Inc. Joel Slanisky Robert Janak Rnold Smith Shaun Mohammed www.customair.ca www.instigo.ca www.shaunraymondtax.com Spiro Khouri

DBox Storage JL Enterprises Ltd. Tracument Solutions Inc Alison Leong Patrick MacLaren Leon Wong Evan Beaupre www.dboxstorage.com www.jlenterprises.ca www.tracument.com Cherie Au

Leadership loves company April 2015 Sounding Board guest column 9 Keeping B.C. diverse, strong and growing Minister Bond sheds light on the provincial government’s decision to raise minimum wage

By Shirley Bond the country and unemployment earn minimum wage, and the new $24.5-million Single Parent remains in single digits in every businesses that hire them, we Employment Initiative. This in- Our government is focused region of the province. have committed to reasonable vestment will help single parents on creating an environment that Job creation and unemploy- and predictable increases to the who are on income or disability fosters investment and busi- ment trends are heading in the minimum wage going forward. assistance secure meaningful ness development to keep B.C.’s right direction. The Conference Effective Sept. 15, 2015 the jobs by allowing them to stay economy diverse, strong and Board of Canada agrees with minimum wage will increase to on income assistance for up to growing. this view and expects B.C. to be $10.45 per hour. We have also 12 months while they train for We recently tabled our third- an economic growth leader this committed to basing future their new job. It will also provide straight balanced budget despite year. yearly increases on the year-over- full tuition and educational costs a still fragile global economy. Strong exports and a robust year percentage increase in the for approved training programs Moody’s Investors Service has tourism sector are helping to B.C. Consumer Price Index (CPI). that last up to 12 months for in- also recently reaffirmed British support growth. In 2014, B.C. ex- Future minimum wage increases demand jobs as well as covering Columbia’s AAA credit rating. ported $35.5 billion in total goods will be announced in March to the full cost of child care during They upgraded the Province’s worldwide, an increase of 6.2 per take effect Sept. 15 each year, their training and for up to a year outlook to stable, noting B.C.’s cent over 2013. On the tourism providing certainty to employees once they start working. strong fiscal position. Also B.C.’s front, B.C. had a 5.3 per cent Shirley Bond, B.C.’s Minister of Jobs, and giving businesses the neces- These are just a few examples small business community has increase in international visitors Tourism and Skills Training and Minister sary lead time to implement the of government supports that the highest small business confi- coming to B.C. in 2014 – nearly a Responsible for Labour new minimum wage without help move people up the income dence rates in the country accord- quarter of a million more people undue hardship. ladder and supports individual ing to the Canadian Federation than in 2013. The province also economic growth and optimism Minimum wage is just one and family success in B.C. After of Independent Business. These recently issued an Environmen- to be to be experienced by all tool in government’s overall all, we want British Columbians are significant accomplishments tal Assessment Certificate to the British Columbians. effort to help those in need. first in line for the approximately in an uncertain global economy. Brucejack gold and silver mine. There is good reason to be Other tools include tax policy, one million jobs openings (one- The BC Jobs Plan is our plan The mine has estimated capital optimistic with B.C.’s average social supports, education and third from economic growth, to keep B.C. strong and growing cost of $450 million, that would hourly wage just under $25 per training. Our government has two-thirds from retirement) and we are sticking to it. Since create 500 jobs during the two- hour and the youth hourly wage a number of supports for low- in the next decade so that our the launch of the Jobs Plan in year construction period and 300 just below $15 per hour. Our income earners, including the economy can thrive – today and September 2011 we have added jobs during a minimum 16-year focus remains on getting British exemption to pay no personal tomorrow. 67,000 jobs with the majority of operating life. Columbians well-paying jobs, income tax for those earning Shirley Bond is B.C.’s Minister that growth coming from the These trends contribute to a not minimum wage jobs. under $19,000 as well as MSP of Jobs, Tourism and Skills Train- private sector. We also have the sense of economic optimism in To help support the roughly premium exemptions. ing and the Minister Responsible fourth lowest unemployment in our province – and we want this 110,400 British Columbians that We also recently announced a for Labour.

B.C.’s Innovation Engines: How universities can help us win in the global economy Tuesday, April 28, 2015 | 11:45 a.m. − 2 p.m. Pan Pacific Vancouver, 999 Canada Place, Vancouver

Andrew Petter, Q.C., President and Vice-Chancellor, Simon Fraser University

At his 5th annual address to The Vancouver Board of Trade, Simon Fraser University President Andrew Petter will discuss SFU’s leadership role in generating and mobilizing the new ideas and technologies that B.C. requires to compete and succeed in the global economy.

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boardoftrade.com 10 member programs Sounding Board April 2015

Successes, failures, and lessons learned Company of Young Professionals members share personal stories at TED-inspired event

By Kyle Krystalowich tions, to the current role of the city never be that hard on our friends in global trade as one of the largest or family when they are facing On an annual basis, The Van- ports in North America. challenges. Self-compassion and couver Board of Trade’s Company Next was Polak, a risk manager gratitude are key to self happiness of Young Professionals program with EY, who spoke about her and living the life that you will be hosts a TED-inspired event called career journey and the factors happy with, stressed Yau. CYPx, where members have the that can lead to your next big These are just a few highlights chance to hear the personal de- career move. She challenged the from the 2015 CYPx presentations. velopment stories, insights, and audience to always ask themselves The full presentations can be lessons of their peers. “Why not?” when looking at new found at youtube.com/theboard- This year, three CYP members opportunities in their lives. oftrade. — Sean Baxter, Melissa Polak, Last up was Yau, an account If you want to continue your and April Yau — took center stage manager at 6S Marketing, who personal development journey at Vancity Theatre to share their spoke about digital perfection- with fellow developing young Company of Young Professionals members April Yau (top left), Melissa Polak (top right), successes, failures, and lessons ism and its impact on our lives. professionals, please join us on and Sean Baxter (below) speaking at CYPx 2015. For videos of the presentations, visit learned, along with some valu- Yau shared personal anecdotes April 14, for a presentation on youtube.com/theboardoftrade. Photos by Noravera Visuals able advice. from her own life, talking openly being more innovative, creative, First up was Baxter, a marine about how perfectionism has and entrepreneurial by Mia Maki, operations and dredging coordi- impacted her life, and how the a faculty member at the Univer- nator with Port Metro Vancouver, rise of social media has created sity of Victoria and independent who talked about Vancouver’s a new phenomenon of “digital consultant. longstanding identity as a port perfectionism.” Kyle Krystalowich is a member city. Baxter’s talk went as far back One key takeaway from Yau’s of the Company of Young Profes- as the explorations of Simon presentation was that we are often sionals, The Vancouver Board of Fraser and George Vancouver, who very hard on ourselves, because Trade’s under-35 program. For solidified Vancouver as a prime we’re constantly aiming for per- more on how to get involved, visit location for trade and port opera- fection. Meanwhile, we would boardoftrade.com/CYP.

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Without your support, our events would not be possible April 2015 Sounding Board photo highlights 11

1 2 Around the Board Photo highlights from recent events and activities Clockwise from top left: 1) B.C.’s Minister of Trans- B.C. Tech Forum, jointly hosted by The Vancouver Board of portation, Todd Stone, speaks to reporters following his Trade and the BC Innovation Council. Photo by Matt Borck March 17 address to The Vancouver Board of Trade. During 5) A panel of ‘Fast Growth Homegrown Champions’ at B.C. the speech, Stone unveiled a new 10-year plan, ‘B.C. On the Tech Forum. Pictured from left to right: Brian Scudamore, Move.’ Photo by Matt Borck 2) Federal Minister of Natural CEO, 1-800-GOT-JUNK; Jonathan Rhone, President and CEO, Resources, Greg Rickford, speaks on March 31 about how Axine; Greg Malpass, Founder and CEO, Traction on Demand; the federal government is working to create energy jobs in John Floren, CEO, ; and moderator Greg Caws, B.C. Photo by Matt Borck. 3) Head table guests and panellists CEO, BCIC. Photo by Matt Borck 6) Colonel Chris Hadfield on stage following the release of the annual Edelman Trust poses for photos with members of The Vancouver Board of Barometer survey. Pictured from left to right: Chris Gailus, Trade’s Leaders of Tomorrow and Company of Young Profes- Anchor, Global BC; Janet Austin, Chair, The Vancouver Board sionals programs. Photo by Matt Borck 7) On March 4, The of Trade; Kim Peacock, General Manager, Edelman Canada Vancouver Board of Trade’s Small Business Council held a West; Greg D’Avignon, President and CEO,BCBC; John Clin- seminar on ‘Creating a Remarkable Brand.’ Pictured from left ton, Chair and CEO, Edelman Canada; Anne Giardini, Chan- to right: Mo Dhaliwal, Director of Strategy, Skyrocket Digital; cellor, SFU; and Iain Black, President and CEO, The Vancouver Mikkel Strojer, Director Marketing and Digital, Vancouver Board of Trade. Photo by Tyson Jerry 4) Canadian Astronaut Whitecaps FC; and Nick Routley, Creative Director, Visual Chris Hadfield delivers the closing keynote at the inaugural Capitalist. Photo by Wakefield Productions 3

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