2014 Annual Report Business Council of British Columbia

Annual Report

Where Leaders Meet to Unlock BC’s Full Potential TABLE OF CONTENTS

MESSAGE FROM THE CHAIR �� 1

MESSAGE FROM THE PRESIDENT �� 3

2014 YEAR IN REVIEW: POLICY AND ADVOCACY �� 7

POLICY PUBLICATIONS �� 14

ADVISORY GROUPS AND COMMITTEES �� 15

EVENTS �� 16

ANNUAL SPONSORS �� 17

MEMBERS �� 18

NEW MEMBERS...... 23

2014 EXECUTIVE COMMITTEE �� 24

2014 BOARD OF GOVERNORS �� 25

COUNCIL STAFF �� 28

Business Council of British Columbia 2014 ANNUAL REPORT BUSINESS COUNCIL OF BRITISH COLUMBIA:

WHERE LEADERS MEET TO UNLOCK BRITISH COLUMBIA’S FULL POTENTIAL

2014 BC Business Summit opening keynote speakers the Honourable Jean Charest, former Premier of Quebec (right) and Leo de Bever, retired CEO of the Alberta Investment Management Corporation (centre) were joined by Globe and Mail Columnist Gary Mason (left) for a panel discussion. OUR MISSION

Policy: We are the preeminent source for exceptional economic and public policy development that creates the environment for investment, growth and a competitive economy

Leadership: We are the non-partisan catalyst that convenes our members and all government decision makers to collaboratively address problems and develop and implement policy solutions that grow the economy sustainably

Advocates: With informed positions and the credibility of our membership, we are proactive and persistent advocates on the need for a competitive, growing and vibrant economy that attracts investment to meet our full potential

Membership: We are funded and informed by an engaged membership of leading companies in every key sector of the economy that are committed to growing the province

Business Council of British Columbia 2014 ANNUAL REPORT MESSAGE FROM THE CHAIR

On a daily basis, British Columbia’s economy is diversifying, and the team of so are the challenges being addressed by the sought after Business Council. policy and As I enter my second year as Chair, it becomes economic experts apparent that as the economy continues at the Council to innovate in new and exciting ways, the produce timely Council must continue to provide leadership and exceptional in addressing the public policy implications public-policy research and commentary on the and competitiveness challenges these new issues that will enhance BC’s competitiveness opportunities will present. and prosperity. As members of the Business Council, each of you The Council has also become the convening place and your organizations continue to play a vital that is the catalyst for the right people to meet role in supporting and directing this work, which at the right time. This work positions the Council contributes to a vibrant, diverse and sustainable to be a vehicle for members, policy experts, economy. Your insights into the priorities and elected officials and government decision challenges your enterprises face as you look makers to address problems and form solutions at ways to grow your investments in British together in a collaborative, non-partisan manner Columbia are an essential component of your to the benefit of our economy and the business membership in the Council. If you are looking at communities we serve. new ways to engage, I would encourage you to Over 2014, examples of the Council’s leadership attend a Roundtable, participate on a committee and collaborative approach to educate or offer your comments and expertise to be used stakeholders and provide solutions that will in their policy publications or commentaries. enhance our economy include initiatives such as Not only will your continued participation enrich HQ Vancouver, BC Connects, Resource Works, the work of the Council, but it will enhance the Building BC for the 21st Century: A White overall value of your membership as you engage Paper on Infrastructure Policy and Financing, with your peers among the province’s senior assisting and convening the creation of a more business leadership to tackle, in a collaborative stable and efficient port trucking environment, manner, these complex public policy matters. supporting education and economic literacy in our classrooms, the BC Business Summit Next year, the Business Council will celebrate and our work with the Aboriginal Business and our 50th year as the preeminent business Investment Council which was highlighted in The organization in the province advocating for public Vancouver Sun. policy that supports the conditions to attract investment, and ultimately create economic

prosperity for British Columbians.

Business Council of British Columbia 2014 ANNUAL REPORT 1 This presents an opportunity for the Council to Your support is essential to the Council’s ability lead a conversation with you, our members and to make a positive contribution to the business with the general public that will shape the future and economic climate in our province. of our economy. This work will reflect on our I look forward to continuing to work with all of collective strengths and competitive advantages you as we enter into the Business Council of while carving a path towards the public policy British Columbia’s 50th Anniversary year. priorities important to the province’s long term social and economic prosperity. Thank you,

I would like to extend my sincere appreciation to our Executive Committee members and

our Board of Governors for their ongoing Jonathan Whitworth commitment of time, ideas and resources to the Chair Business Council.

Participants on the 2014 BC Connects Tour to Dawson Creek visit an Encana natural gas fracking site

2 Business Council of British Columbia 2014 ANNUAL REPORT MESSAGE FROM THE PRESIDENT

DIVERSITY-CHALLENGE- This leadership in fulfilling the Crown’s fiduciary OPPORTUNITY-URGENCY obligations to First Nations, as directed by the courts, is required for our collective goal of better British Columbia by understanding, reconciliation and greater clarity any measure is a and certainty on the land. diverse jurisdiction that offers advantages and Within this complex and rapidly changing complexities that we must environment we will continue to advocate comprehend and act on with greater urgency and for the need to increase British Columbia’s clarity if our economy and business community competitiveness and economic prosperity are to achieve their true potential. through effective public policy. How we collectively manage the diverse set of While the province’s economy is built around the opportunities and perspectives before British natural resource and energy sectors, it continues Columbia continues to be a significant focus of to expand and diversify through other sectors our work at the Business Council. including transportation, tourism, Agri-food, manufacturing, technology, life sciences, apparel OUR WORK design, education, professional and financial British Columbia’s diversity is reflected in the services, construction and retail. range of issues we are engaged in on behalf of Continuing to diversify, innovate, facilitate trade our membership. As noted in this Annual Report, and attract capital and talent while ensuring a we continue to drive informed policy advocacy locally educated and productive labour force and research in a myriad of areas that support are keys to British Columbia’s future. These a more competitive and growing economy and necessities come in the face of significant prosperous society. demographic shifts, currency weakness, As a policy group, our research and advocacy energy market disruption, changing values and generated over 55 articles and papers on issues diminished confidence among our citizens in our that matter to BC and Canada’s prosperity and processes, transparency and institutions. business climate. This was supported by our blog Against this backdrop, BC businesses and First and social media activity to better leverage our Nations are collaborating with the result being ideas and provide a broad common fact base economic reconciliation and greater inclusion in that resulted in hundreds of related print, radio the economy. However, this work is complex and and TV stories. Combined, this communications at times frustrating for all parties while taking work sparked and informed debate, advancing place in the face of global competition for capital. solutions on issues from water policy, to Despite this progress there remains an urgent the growth in Aboriginal business, to trade and significant need for more capacity, clarity agreements, charitable giving, tourism, Asia, and financial investment from our governments. tax policy, housing, education, demographics,

Business Council of British Columbia 2014 ANNUAL REPORT 3 technology, cross-border shopping and • HQ Vancouver, launched in February 2015, immigration. is a private-public partnership between the Business Council, the Provincial Government As a convening centre for collaboration that and the Government of Canada. The initiative helps to enable economic literacy and support seeks to leverage Canada’s and British economic growth, the Business Council has also Columbia’s strategic location and assets as launched several initiatives that are of strategic the gateway to NAFTA and the Americas for importance to the province’s economy: rapidly expanding Asian and South Asian • Resource Works, launched in April 2014, corporations seeking to establish their North brings British Columbians together for American head offices in the Americas. a respectful, fact-based dialogue on Building on our strengths and broad Asian responsible resource development in the centric population, Vancouver and BC have province and the connected nature of our the potential, in select industries, to build urban and rural economies. As an initiative sector clusters that increase wages, support spurred out of the BC Agenda for Shared IP and SME development and enhance trade Prosperity (BCASP) project, Resource Works and capital flows. seeks to highlight how natural resources • The Business Caucus is comprised of over contribute to achieving the common 30 senior business associations from across economic and social prosperity goals British the economy. The Business Council initiated Columbians share. In one short year the and provides the secretariat services for this organization has gained national acclaim leadership group that meets monthly. The as a respected and leading instigator of goals are to better coordinate and leverage information, dialogue and awareness the voice of business; to understand common building among the broad population and interests and collaboratively advance policy thought leaders alike. and issues; and to be an advocate for greater • BC Connects is another initiative born out economic and financial literacy particularly of the BCASP project aimed at increasing economic literacy and awareness of the economic activity taking place in communities around British Columbia. The initiative toured over 100 community and thought leaders through Kitimat, Dawson Creek and around Port Metro Vancouver providing them with firsthand exposure to some of our most important sectors, their operations and their employees. Chair of the NEXT Leaders Council, Kim Logan, co-emcees the BC Business Summit 2014

4 Business Council of British Columbia 2014 ANNUAL REPORT through organizations that can impact the Our Membership and Our 50th Anniversary K-12 system. This year the group successfully The Business Council membership is growing and supported the renewed funding of Junior is the largest it has ever been, with a diverse set Achievement. This spring we will conclude an of committed members operating in every part education declaration supporting the need of the province and our economy. Your continued for greater collaboration of business and the support and participation provides the Council education system with the goal of producing with the strength and foundation with which students that have a comprehensive we continue to provide sound and relevant understanding of the economy, sector policy recommendations that will advance a operations and practices, entrepreneurship, competitive economy. and career options and associated skills and education requirements. From our original 30 members to today’s 261 we are excited to be preparing for our 50th year Lastly, the BCBC calendar of events continues in 2016. As we anticipate this milestone the to deliver a diverse set of speakers in both Business Council will be engaging our members large settings and intimate formats to provoke to inform the question … ideas and opportunities. These events included political leaders both past and present including What constitutes BC’s full potential in 2035 and Premier Christy Clark, Minister James Moore and what will be required to realize that future? the Honourable Jean Charest, economists and financial experts such as Don Drummond and Just as the golden spike signified our connection Mark Wiseman and local and national business to Canada, opened trade and capital flows, leaders. introduced new technology and attracted immigrants and talent required to drive the These platforms provide an opportunity for economy, what fundamentals need to be present our members to engage in a diverse set of over the next 20 years to enable this same strategically significant conversations that impact opportunity for tomorrow’s prosperity? their business and the province’s social and economic prosperity. How should we, as business, better collaborate and utilize our diverse natural, cultural and intellectual assets, while leveraging and reacting to new technology? How will we reconcile values and economic opportunity today and for the next generation? What will British Columbia’s contribution be to the federation?

In the coming 18 months - with our members, with government, First Nations and others - BCBC will be asking big questions and advancing new ideas and policies which need to be considered to achieve a prosperous future for business and the people of BC.

Business Council of British Columbia 2014 ANNUAL REPORT 5 We look forward to your input into this discussion Herb Eibensteiner, Vice President and that will help to shape the future work of the Chief Financial Officer and Tiffany Gorder, Business Council and contribute to British Administrative Assistant. Columbia’s economic prosperity. British Columbia is a beautiful and diverse On behalf of the team at the Council, we would province poised to leverage future opportunities. like to thank our Chair, Jonathan Whitworth With the support of the Business Council for his time, leadership and dedication to the membership and through focus and collaboration, Council. We would also like to express our thanks we can harness our diverse collection of assets to and appreciation to our Executive Committee build a globally competitive province which will members and our Board of Governors for their continue to provide the economic prosperity that continued guidance and contributions to the is the foundation for all British Columbians, and Council. one that creates a stronger society and a more successful country. I would also like to thank the team at the Business Council who each day commit themselves to Thank You, identifying solutions and opportunities that will drive economic prosperity for all British Columbians. This committed group of talented colleagues, through their ongoing dedication and Greg D’Avignon leadership, drives the success of our organization. President and CEO

I would also like to acknowledge the important contributions from our former colleagues, Tom Syer, Vice President Policy and Communications,

Premier Clark takes questions at the annual sold out Member Forum with the Premier in September

6 Business Council of British Columbia 2014 ANNUAL REPORT 2014 YEAR IN REVIEW: POLICY AND ADVOCACY

Economic and Fiscal Policy less susceptible to the “boom/bust” cycles that were common in the past. A strong policy focus Last year the provincial economy grew by 2.6 per on the full range of economic development cent (after-inflation). While this can be described opportunities available in BC – not just in as an average rate of growth, relative to many natural-resource based sectors – is particularly other jurisdictions BC enjoyed solid economic appropriate at a time when global commodity growth in 2014, coming in second among the markets remain sluggish. ten provinces. In line with the steep drop in oil prices, the Canadian dollar began a sharp The Business Council addressed a number of descent over the second half of 2014 and into significant economic and fiscal policy files over early 2015, which helped to boost BC’s exports the course of 2014 and into 2015. We continued (up by around 7% in 2014). Retail spending also to support the provincial government’s return to posted a healthy gain, pointing to improved balanced budgets following an unavoidable move consumer confidence. Somewhat puzzling is the into deficits during and immediately following the soft labour market that prevailed throughout 2008-2009 financial crisis. Against a backdrop most of last year and into 2015. Fiscal restraint of a modestly expanding economy, BC stands at both the federal and provincial government out within Canada for its careful stewardship of levels may have been a factor, but job growth was public finances and top-ranked credit rating. The still weaker than expected in light of reasonably provincial government is committed to running healthy macroeconomic conditions. small operating surpluses over the period covered by its fiscal plan as recently updated in The Business Council expects a broadly similar the February 2015 budget. economic performance for BC in 2015, followed by a slightly stronger expansion in 2016. BC’s Our 2015 pre-budget submission, published last key export-oriented sectors – forestry, energy, fall, noted that the Business Council remains mining, manufacturing, tourism, and other concerned about the province’s competitive tradable services – are all benefitting as the US position. We urged the province to explore moves to a firmer growth path, although this is options to mitigate the impact of returning to partly offset by slower growth in China and some the Provincial Sales Tax (PST) in April 2013 - a other emerging economies. Non-residential step that has raised investment, production construction activity should also contribute to and tax compliance costs for many industries, overall GDP growth over the next couple of years. including many of BC’s leading export sectors. As an initial step, we proposed broadening the In 2014 we also saw the benefits of BC’s diverse sales tax exemption on business inputs beyond economy. Diversity in both trading partners/ capital equipment used in the manufacturing and foreign markets as well as industrial structure resource sectors. In 2015-16, we will be exploring is something we have long maintained is an longer-term options for sales tax reform in British important characteristic of BC’s increasingly Columbia. resilient economy. The province has become

Business Council of British Columbia 2014 ANNUAL REPORT 7 The Business Council has generally been Labour, Employment and comfortable with the federal government’s fiscal Human Capital strategy to eliminate the deficit by 2015, provided the economy continues to record at least modest The Business Council remains engaged with labour growth in the vicinity of 2%. Slumping oil and gas relations, employment policies, and human capital prices represent a major challenge for Canada, issues of interest to the membership. We strive inasmuch as energy accounted for one-quarter of to understand and influence government policy the country’s merchandise exports and for 37% and regulatory decisions as they apply to the of non-residential capital spending in 2013. If the human resource challenges facing BC employers. Canadian economy weakens further, we believe Last year, the federal government restricted the the federal government should stand ready to number of temporary foreign workers permitted deploy its unmatched fiscal resources to provide to enter the country. This created difficulties some support to aggregate demand. for many businesses, particularly in smaller communities. The restrictions resulted in some In 2014 the Business Council published a organizations turning to the Provincial Nominee paper titled: Building BC for the 21st Century: Program (PNP) as a different means to source A White Paper on Infrastructure Policy and Financing. Its purpose was to examine the state of infrastructure in the province and explore options to strengthen future infrastructure financing and development. Modern and efficient infrastructure is an essential component of a globally competitive economy and is also essential to maintaining a high quality of life. Our paper contained recommendations organized under five broad themes and emphasized that record low interest rates make this an ideal time to borrow to invest in upgrading and building new infrastructure. Innovative approaches to infrastructure development and financing was the main theme of the Business Council’s 2014 Business Summit in November.

The Business Council’s Task Force on Innovation and Productivity met twice in 2014 to help direct work on the elements of a provincial strategy for BCBC Chief Economist Ken Peacock speaks with the 21st century. We expect to complete a ‘white Global BC reporter to discuss infrastrucuture policy and financing paper’ on innovation and productivity by the end of 2015.

8 Business Council of British Columbia 2014 ANNUAL REPORT non-resident workers (including many at lower Environment skill levels). The PNP program was primarily intended to streamline immigration for higher A healthy environment is the foundation for a skilled individuals, and in our view this should be robust modern economy. British Columbia makes the focus of the program going forward. up 10% of Canada’s land mass with enormous contrasts and variations in a topography In 2015 the province announced a modest, filled with natural assets that are a significant staged increase in the minimum wage, along advantage, if they are managed well. The with a commitment to adjust the minimum wage Business Council advocates for environmental every September in step with the rate of inflation. policies, laws and standards that are science- Indexing the minimum wage to track inflation is based and aligned with the imperative for British something the Business Council has advocated Columbia to strengthen its competitiveness and for a decade. diversify markets.

Our Employee Relations Committee continues to meet every second month to discuss labour relations and collective bargaining developments, skills training, legal matters, WorkSafeBC policies and decisions, immigration, and other relevant human resource issues. These meetings usually feature a guest speaker and also provide a forum to review current issues. The Business Council’s Collective Bargaining Database and website were updated throughout 2014. This database provides information on collective bargaining Richard Dunn, Vice President of Encana, discusses their North East BC operations with BC outcomes and trends in British Columbia Connects participants and covers virtually all collective agreements spanning the private and public sectors. Year-over-year the Environment Committee continues to be the most active member The Industrial Relations Bulletin was published grouping within the Business Council. It is a bi-monthly over the past year. Populated with forum to exchange ideas, keep current on issues, data from the Collective Bargaining Database, and oversee more substantive work on a number this publication is the most comprehensive of inter-related policy and regulatory initiatives source of information on collective bargaining advanced by governments. The Committee settlements in BC. We also continued to publish meets monthly except for July and August and our Human Capital Law and Policy newsletter last holds special meetings or workshops, as required, year, with articles covering topical issues ranging in response to the continuously evolving nature from developments in employment law to skill of issues, policy and regulation in this domain. shortages and trends in interprovincial migration.

Business Council of British Columbia 2014 ANNUAL REPORT 9 To support learning and discussion, staff produce Active outreach to members, other associations, monthly issue updates that scan and summarize representatives of environmental non- a wide range of local, regional, national and governmental groups, and all levels of global environment-related topics, as well as a government continues to be an important part of review of selected academic papers and think gathering insight and improving understanding; tanks reports. Increasingly, guest speakers it also assists developing positions on policy and participate in the Committee meetings in order regulatory changes. In 2014, the first in a series of to provide first-hand updates on issues – current interactive sessions with several Environmental and emerging. NGOs was held, aimed at making connections and building greater understanding. A follow up In 2014, five issues of the Business Council’s session is planned for 2015. Environment and Energy Bulletin newsletter were published, covering the following topics: Climate change remains a significant issue for the Business Council and many of our members. • A Look at Some Environmental Indicators Over the past year, the BC government continued • The LNG Opportunity in BC: Separating to work on refining its climate policies and Rhetoric from Reality, Part 1 regulations; in early 2015, it committed to develop a new “Climate Action Plan 2.0” and appointed • The LNG Opportunity in BC: Separating a Climate Leadership Team to provide advice on Rhetoric from Reality, Part 2 updating the province’s greenhouse gas emission • Compliance and Enforcement reduction targets as well as other fiscal, policy and regulatory measures required to assist BC in • Getting a Handle on the Environmental meeting its stated goals in this area. The Business Goods and Services Industry Council will be closely involved in this effort as part

We also completed formal submissions to the provincial government on:

• Administrative Penalties,

• Spill Preparedness, and,

• Water Pricing

Staff represent Business Council interests on government advisory committees, undertake public speaking and presentations at external events, and provide input on initiatives proposed Jock Finlayson moderates a discussion with by government. Canadian economist Don Drummond at the April 2014 Putting BC to Work Forum

10 Business Council of British Columbia 2014 ANNUAL REPORT of a small group of “Special Advisers” appointed decision to proceed with the Site C project to provide input to the Climate Leadership Team. • International trends in energy production, In addition, two Business Council members are trade and use directly represented on the Leadership Team. Energy • Environmental NGO engagement (jointly with the Environment Committee) Energy is the “oxygen” of both modern and The Energy Committee hosted dialogue sessions emerging economies. It is little exaggeration in 2014 with Ministers and Deputy Ministers to say that we have built our civilization by responsible for energy policy development harnessing energy. For British Columbia, energy as well as other leaders who have insight and has been a dominant private and public sector perspective on this ever changing landscape. issue for generations. Our diverse and abundant With the price of oil beginning its decline in mid- energy resources are important inputs to the 2014, the topic of energy and its intersection industrial and commercial sectors and are also with the economy and environment has elevated a significant driver of economic activity (and its profile once again. exports) in their own right. The Energy Committee will continue to provide The main focus of the Business Council’s Energy a forum for presentations, dialogue and effective Committee in 2014 was to seek to shape the energy policy advocacy on behalf of our broad fiscal, regulatory and environmental frameworks business membership. governing the nascent Liquefied Natural Gas sector in British Columbia. We facilitated and supported the formation, last fall, of the BC LNG Alliance, a non-profit industry association that will act as the voice of the LNG industry. Their mission is to “foster the growth of a safe, environmentally responsible and globally competitive LNG industry.”

Other items of interest addressed by the Energy Committee in 2014 included:

• Market access for Western Canadian energy resources

• Enhancing energy literacy (in collaboration with Resource Works) Energy Economist Peter Tertzakian speaks at the 2014 Business Summit • Electricity policy and the BC government’s

Business Council of British Columbia 2014 ANNUAL REPORT 11 First Nations An important development on the legal front in 2014 was the Supreme Court of Canada’s decision The Aboriginal Affairs Committee continued in the William case, involving a number of BC First to work closely with the Ministry of Aboriginal Nations that had made claims of aboriginal title Relations and Reconciliation and other BC natural in the Cariboo. In a landmark ruling, the Court resource Ministries on issues concerning the affirmed the existence of aboriginal title over a delegated consultation framework. More broadly, small portion of the traditional territories of the the Business Council remains committed to First Nations plaintiffs and outlined the tests that collaborating with government and First Nations must be met in connection with the pursuit of on ways to improve the economic benefits of title claims by other aboriginal groups. new industrial activity for aboriginal people and to facilitate resource and infrastructure We remain involved with the Aboriginal development while respecting First Nations’ Investment Business Council (ABIC), which has interests. Last year we conducted the first-ever a mandate to support and stimulate investment Business Council member survey on the state of and economic development in First Nations Industry-First Nation relations in BC. The results communities through activities in areas such of the survey pointed to a number of positive as regional engagement, capacity building, and trends in business-First Nations engagement, the promotion of successful investment models but also highlighted ongoing challenges and between Aboriginals and the private sector. issues that require sustained attention in order to support new investment and job creation in land-based industry sectors. The survey is being conducted again in 2015.

Haisla Nation Chief Counselor Ellis Ross thanks Premier Christy Clark for her remarks at the 2014 BC Business Summit

12 Business Council of British Columbia 2014 ANNUAL REPORT POLICY AND ADVOCACY: PRIORITIES FOR 2015

In 2015, the policy team will complete the and economic development and provincial policy Business Council “white paper” on innovation and regulatory requirements touching on First and productivity in British Columbia; advance Nations. We will also be active on a number of our thinking around business tax policy and environmental files in the coming months, notably tax reform options in the provincial context; the provincial government’s Climate Policy 2.0 undertake additional work on labour market process; the finalization of regulations under trends and the nature and extent of skill and talent the Water Sustainability Act; policy and practice shortfalls in BC; take a closer look at electricity in respect of cumulative impact assessment; policy, including the implications of rising power and the work that is currently underway in the costs and the possible need for an updated ten- province and nationally to develop updated air year electricity plan; offer input to the review quality standards. More broadly, we will continue of the Canada Transportation Act launched by to advocate for regulatory reform and enhanced the federal government last year; continue to efficiency in provincial Ministries and agencies provide support for Canada’s participation in the responsible for all aspects of natural resource Trans Pacific Partnership negotiations involving and infrastructure development. the US, Japan and other Pacific Rim nations; and do further work on First Nations engagement

2014 Chair’s Dinner Guest Speaker and author Kishore Mahbubani speaks with Jas Johal on the reemergence of the Asian economies and what it means for Canada

Business Council of British Columbia 2014 ANNUAL REPORT 13 POLICY PUBLICATIONS

BCBC produces a variety of publications to inform public dialgue and to provide our members with insights into current public policy and economic issues impacting their business in British Columbia. PUBLICATIONS • The LNG Opportunity in • Critical Success Factors and • BC Economy and Job BC: Separating Rhetoric Talent Risks for BC (Human Market to Gain Momentum from Reality Part I & II Capital Law and Policy - over 2014-2015 (BC (Environment and Energy December) Economic Review and Bulletin - June, July) • An Updated Look at BC’s Outlook - January) • Waiting for Better Days Inventory of Major Capital • Jobs, Income and Post- (BC Economic Review and Projects (Policy Perspectives Secondary Education Outlook - July) - December) (Human Capital Law and • Debate Over the Minimum • The members only Policy - January) Wage Heats Up (Human Industrial Relations Bulletin • Federal Budget 2014: Capital Law and Policy - was produced 6 times in Following through - No July) 2014 Suprises Federal Budget • BC’s Tourism Industry: Moves to Surplus (Business Positioned for Growth SPECIAL REPORTS Alert - February) (Policy Perspectives - • Mustel Group Poll: City of • BC Budget 2014: Balanced August) Vancouver Residents’ Views and Uneventful (Business • Compliance and of Port and Exports (March) Alert - February) Enforcement (Environment • The State of Industry - • A Look at Some and Energy Bulletin - First Nations Relations Environmental Indicators September) in BC Part I and Part (Environment and Energy • Pre-Budget Submission II - Recommendations Bulletin - March) to the Province’s Select (September, October) • BC’s High Technology Standing Committee on • Building BC for the 21st Exports: A Solid Base Finance (October) Century: A White Paper on to Grow From (Policy • ‘Talentism,’ Mobility and Infrastructure Policy and Perspectives - March) Migration: Implications for Financing • Should we “Green” BC’s Labour Market (Human • Second Annual BCBC Study Gross Domestic Product? Capital Law and Policy - by MNP on Corporate (Environment and Energy October) Community Contributions Bulletin - April) • The Underground Economy (December) • Alberta’s Demand for (Policy Perspectives - Workers is Affecting the October) BLOGS AND MEDIA Labour Market in BC • Getting a Handle on the In 2014, the leadership and (Human Capital Law and Environmental Goods policy team published over Policy - May) and Services Industry 50 blogs, appeared in over 90 • A Note on Business Tax (Environment and Energy media articles and issued over Competitiveness in BC Bulletin - December) 30 opinion pieces and news (Policy Perspectives - June) releases. Visit www.bcbc.com

14 Business Council of British Columbia 2014 ANNUAL REPORT ADVISORY GROUPS AND COMMITTEES

ABORIGINAL AFFAIRS COMMITTEE

The Committee oversees the Business Council’s work on aboriginal policy issues and meets regularly with senior government officials (federal and provincial) responsible for aboriginal affairs to advance certainty, transparency and processes that provide clarity of expectations for all parties with regard to consultation, strength of claim, capacity building and commercial agreements.

ENERGY COMMITTEE

The Energy Committee leads the Business Council’s work on energy issues, including electricity policy and the development of the upstream oil and gas industry in the province. We are also working with LNG proponents to advance the opportunity to develop an LNG industry in British Columbia.

ENVIRONMENT COMMITTEE

This Committee guides the Business Council’s work across a wide range of environmental policy and regulatory issues, including all aspects of climate change policy, environmental assessment, facility permitting, contaminated sites, the management of air quality, hazardous waste issues, the development of provincial water sustainability legislation, the federal Species at Risk Act, and associated regulations and the Fisheries Act. It also provides a regular forum for Business Council members to meet with Ministers and senior officials and to exchange views and information on environmental matters of interest to industry.

EMPLOYEE RELATIONS COMMITTEE

The Committee meets bi-monthly to discuss issues pertinent to the human capital needs of our member organizations. Issues include skills shortages, demographic changes, productivity concerns, health and safety, benefits, pensions, immigration, training and learning, collective bargaining/negotiations, and legislative and regulatory developments.

TASK FORCE ON INNOVATION AND PRODUCTIVITY

The Task Force on Innovation and Productivity oversees, updates and helps to shape the Business Council’s policy positions with respect to innovation and productivity issues in the British Columbia context.

Members interested in participating on the Business Council’s committees or advisory groups should contact Vicki Champ ([email protected])

Business Council of British Columbia 2014 ANNUAL REPORT 15 EVENTS

The Business Council holds a number of roundtable meetings, member forums, conferences, and other events which allow our members to keep informed about current developments, and stay connected with business leaders and government. 2014 Senior Executive Roundtables • Dr. Penny Ballam, Vancouver City Manager • Hon. John Rustad, Minister of Aboriginal • Hon. Todd Stone, Minister of Transportation Relations and Reconciliation and Infrastructure • Mark Wiseman, CEO, Canada Pension Plan • Simon Kennedy, Federal Deputy Minister of Investment Board International Trade • Hon. Bill Bennett, Minister of Energy and Mines • Jacynthe Côté, Chief Executive Officer, Rio Tinto • John Knubley, Federal Deputy Minister of Alcan Industry Canada • Tom Vincent, Vice President, Public Sector • Honourable Chris Alexander, Minister of Employers’ Council Secretariat & Dr. Bruce Citizenship and Immigration Kennedy, Executive Director for the College, • Dave Collyer, retiring President & CEO and Tim Teachers’ and Public Sector Pension Plans McMillan, incoming President & CEO, Canadian • Carol Mason, CAO, Metro Vancouver Regional Association of Petroleum Producers District • Justin Trudeau, Leader, Liberal Party of Canada • Bruce Heyman, United States Ambassador to • The Right Honourable Paul Martin Canada • California State Environment Delegation • Hon. Greg Rickford, Federal Minister of Natural Meeting Resources

2014 Special Events and Conferences

• Post Budget Briefing Member Forum with Hon. • Member Forum featuring Hon. Christy Clark, Michael de Jong, Minister of Finance Premier of British Columbia • Putting BC to Work Member Forum hosted • Public Affairs Panel Member Forum in partnership with CKNW AM 980 featuring • Conference: “BC Business Summit 2014: Canadian Economist Don Drummond Building BC for the 21st Century”, featuring • Second Annual Chair’s Dinner featuring Former Premier of Quebec, Jean Charest; Professor Kishore Mahbubani, Dean and Leo de Bever, CEO, Alberta Investment Professor, Public Policy at the Lee Kuan Yew Management Corporation; Peter Tertzakian, School of Public Policy, National University of Chief Energy Economist, Arc Financial Singapore • Aboriginal Business and Investment Council • Annual General Meeting featuring guest – Business Council of British Columbia Joint speaker the Honourable James Moore, Minister Meeting of Industry • Environmental NGO Engagement Workshop

16 Business Council of British Columbia 2014 ANNUAL REPORT THANK YOU TO OUR SPONSORS

The support of our sponsors ensures we deliver meaningful and successful events.

• Agricultural Bank of China • Pacifc Northern Gas Ltd. • Air Canada • Pfizer • BCIT • Port Metro Vancouver • BC Marine Terminal Operators Association • Progressive Waste Solutions • BC Maritime Employers Association • PwC • Blackcomb Aviation • RBC • BNSF Railway • Rio Tinto • Canadian Association of Petroleum Producers • Rogers • Canadian Energy Pipeline Association • Seaspan • Chartered Professional Accountants • Spectra Energy • Chevron • Stantec • CIBC • The Research Universities’ Council of British • CN Columbia • Coast Capital Savings • Translink • Deloitte • Trans Mountain • Devon • Vancity • Emily Carr University of Art and Design • Vancouver Airport Authority • Encana • West Fraser • Encana and Mitsubishi’s Cutbank Ridge • Woodfibre LNG Partnership • Fengate Capital Management Ltd. • Fortis BC • Genome British Columbia • HSBC Bank Canada • Innergex • Korn/Ferry International • KPMG LLP • Lawson Lundell LLP • LNG Canada • MEG Energy • Merck

• MNP Andy Smith, President of the BC Maritime Emloyers • Mountain Equipment Co-op Association, the 2014 BC Business Summit title • Nexen sponsor, introduces Premier Christy Clark

Business Council of British Columbia 2014 ANNUAL REPORT 17 MEMBERS

2014/15 Members

Agricultural Bank of China Bombardier Transportation

Air Canada Borden Ladner Gervais LLP

Alexander Holburn Beaudin & Lang LLP Boyden

Alterra Power Corporation Britco Structures

AMEC Inc. British Columbia Chamber of Commerce

Anthem Properties Group Ltd. British Columbia Ferry Services Inc.

Apache Canada Ltd. British Columbia Hotel Association

Arc’teryx Equipment Inc. British Columbia Innovation Council

Armtec British Columbia Institute of Technology

Arrow Transportation Systems British Columbia Maritime Employers Association

Ashcroft Terminals British Columbia Salmon Farmers Association

Asia Pacific Foundation of Canada British Columbia Technology Industries Association

Association for Mineral Exploration British British Columbia Trucking Association Columbia British Columbia Marine Terminal Operators AstraZeneca Canada Inc. Association

Ausenco Sandwell Brookfield Asset Management Inc.

Avcorp Industries Inc. Bull, Housser & Tupper LLP

Avison Young Burlington Northern Santa Fe Railway

Bank of Canada Canaccord Genuity Group Inc.

BC Canada Canada’s National Brewers

BC Greenhouse Growers’ Association Canadian Association of Petroleum Producers

BC Human Resources Management Association Canadian Energy Pipeline Association

BC Hydro & Power Authority Canadian Forest Products Ltd.

BC Roadbuilders & Heavy Construction Association Canadian Fuels Association

Belkorp Industries Canadian Imperial Bank of Commerce

Bell Canada Canadian National Railway Company

Bennett Jones LLP Canadian Natural Resources Limited

BFI Canada Canadian Pacific Railway

BG Group Canexus Chemicals Canada LP

Blackcomb Aviation Canfor Pulp Ltd.

Blake, Cassels & Graydon LLP Canpotex Terminals Ltd

18 Business Council of British Columbia 2014 ANNUAL REPORT Canucks Sports & Entertainment Enbridge Northern Gateway Pipelines Inc.

Capilano University Encana Corporation

Capital Power Corporation EOG Resources Canada Inc.

Catalyst Paper Corporation EY LLP

Cement Association of Canada Export Development Canada

Central 1 Credit Union Fairmont Hotels & Resorts (BC Region)

Central Heat Distribution Ltd. Farris, Vaughan, Wills & Murphy LLP

Chemistry Industry Association of Canada Fasken Martineau DuMoulin LLP Chevron Canada Limited Ferus Inc.

City of Surrey - Economic Development Finning International Inc. Commission First West Credit Union Clark Wilson LLP FortisBC Clean Energy BC Fraser Milner Casgrain LLP Coast Capital Savings Gateway Casinos Coast Forest Products Association

Concert Properties Ltd.

Conoco Phillips Canada

Construction Labour Relations Association of BC

Corix

Council of Forest Industries

Crew Energy

Crew Property Ventures Ltd.

Crown Corporation Employers’ Association

Curis Resources Ltd.

Deloitte & Touche LLP

Devon Canada Corp

Discovery Parks Trust

Douglas College

Earnscliffe Strategy

EDI Environmental Dynamics Inc.

Emily Carr University of Art and Design

Business Council of British Columbia 2014 ANNUAL REPORT 19 VANCOUVER COMMUNITY COLLEGE BC Connects participants meet with Council Members of the Haisla First Nation in Kitimaat Village

GE Canada Institute of Chartered Professional Accountants

General Fusion Inc. Insurance Corporation of British Columbia

Genome British Columbia International Forest Products

Geoscience BC InTransit BC

GlaxoSmithKline JDS Energy and Mining INc.

Global Public Affairs Justice Institute of British Columbia

Great Canadian Gaming Corporation Keystone Environmental Ltd.

Greater Vancouver Gateway Council Kinder Morgan Canada Inc.

Greater Victoria Labour Relations Association Kirmac Collision

Harris & Company LLP Korn/Ferry International

HD Mining International KPMG LLP

Hemmera Kwantlen Polytechnic University

Hill+Knowlton Strategies Lafarge Canada Inc.

HSBC Bank Canada Langara College

Imperial Metals Corporation Lawson Lundell LLP

Imperial Oil Limited Ledcor

Independent Contractors and Business Association Lehigh Northwest Cement Limited

Industrial Alliance Pacific Insurance and Financial Leith Wheeler Investment Management Services Inc. London Drugs Ltd. Initiatives Prince George MacKay CEO Forums Innergex Renewable Energy Inc. Macquarie Capital Markets Canada Ltd.

20 Business Council of British Columbia 2014 ANNUAL REPORT EY Canada Managing Partner and BCBC Executive Committee Member Fiona MacFarlane (left) speaks at the Putting BC to Work forum with moderator Sean Leslie (centre) and fellow panelist Brian Carter, President, Seaspan Shipyards (right).

Marine Harvest Canada Pacific Blue Cross

Marsh Canada Limited Pacific Newspaper Group Inc.

McCarthy Tetrault LLP Pacific Northern Gas Ltd.

McMillan LLP Pacific NorthWest LNG Ltd.

MEG Energy Partnerships British Columbia

Mercer International Inc. Penn West Energy Trust

Merck Frosst Canada Ltd. Persis Holdings Ltd.

Metro Vancouver Labour Relations Department Petroleum Services Association of Canada

Meyers Norris Penny LLP Pfizer Canada

Michael Smith Foundation for Health Research Polygon Homes Ltd.

Mining Association of British Columbia Port Metro Vancouver

Mitacs Inc. Prince Rupert Port Authority

Mitsubishi Canada Progress Energy Resources Corp.

Molson Coors Canada Provincial Health Services Authority

Motion Picture Production Industry Association Public Policy Forum

Mountain Equipment Co-op PwC LLP

National Public Relations Quicksilver Resources Canada Inc.

Nexen Inc. Raymond James Ltd.

Northern Development Initiative Trust RBC Royal Bank

Business Council of British Columbia 2014 ANNUAL REPORT 21 RELabs Research Inc The Conference Board of Canada

Rio Tinto Alcan Inc. The Fraser Institute

Rogers Communications Group The Pace Group

Rogers Sugar Ltd. The Vancouver Board of Trade

Roper Greyell LLP TimberWest Forest Corporation

Rothmans Benson & Hedges Inc. Tolko Industries Ltd.

Royal Roads University Tourism Vancouver

Rx&D Canada’s Research-Based Pharmaceutical TransAlta Companies TransCanada Pipelines sanofi-aventis Translink Schneider Electric Solar Transportation Investment Corporation Seaspan ULC Turner Lane Develpment Corporation SECOR Consulting University of British Columbia Shell Canada Energy University of Northern British Columbia Simon Fraser University University of Victoria SNC-Lavalin Inc Urban Development Institute Spectra Energy Corporation Valard Construction Stantec Consulting Ltd. Vancity Credit Union Steelhead LNG Vancouver Airport Authority Stern Partners Inc. Vancouver Community College Stikeman Elliott LLP Vancouver Economic Development Commission Suncor Energy Vancouver Island University Talisman Energy Inc. Veresen Inc. Taseko Mines Limited Weatherhaven TD Bank Financial Group Western Stevedoring Teck Resources Limited West Fraser Timber Co. Ltd. TELUS Corporation Westport Innovations Inc. Tervita Corporation Westshore Terminals Limited Partnership The Beedie Group Woodfibre Natural Gas Limited The Caldwell Partners International Inc.

22 Business Council of British Columbia 2014 ANNUAL REPORT NEW MEMBERS 2014/2015

Gary Ley Public Affairs

Business Council of British Columbia 2014 ANNUAL REPORT 23 EXECUTIVE COMMITTEE 2014

CHAIR

Jonathan Whitworth Chief Executive Officer Seaspan ULC

VICE CHAIRS

Ian Anderson Eric Harris Robin Silvester President Chair President and Chief Executive Kinder Morgan Canada Harris & Company LLP Officer Port Metro Vancouver Josh Blair Mike Kennedy Executive Vice President and (former) Vice President and Marcia Smith Chief Corporate Officer Regional Leader, Vancouver Senior Vice President, TELUS Corporation Stantec Sustainability and External Affairs Teck Resources Limited Paul Cassidy Kim Logan Partner Director, Government Relations Susan Yurkovich McCarthy Tetrault LLP TELUS Corporation Executive Vice-President, Site C Chair, Next Leaders Council BC Hydro & Power Authority Ray Castelli Chief Executive Officer Fiona MacFarlane Weatherhaven Managing Partner, IMMEDIATE PAST Western Canada and John DeLucchi CHAIR Chief Inclusiveness Officer Managing Partner, BC Region Hank Ketcham EY LLP PwC LLP Executive Chairman Richard Prokopanko Westfraser Richard Dunn Director, Corporate Affairs Vice President, and Sustainability Regulatory and Government Rio Tinto Alcan Inc. Relations Encana Corporation

24 Business Council of British Columbia 2014 ANNUAL REPORT 2014 BOARD OF GOVERNORS

Ian Anderson Reid Carter President Managing Partner Kinder Morgan Canada Inc. Brookfield Asset Management Inc.

Michael Audain Paul Cassidy Chairman Partner Polygon Homes Ltd. McCarthy Tetrault LLP

Phil Barnes Ray Castelli Regional Vice President, Pacific Northwest (BC Chief Executive Officer Region), Fairmont Hotels & Resorts and Weatherhaven General Manager, Fairmont Pacific Rim Mike Corrigan Mark Betteridge President and Chief Executive Officer Executive Director and Chief Executive Officer British Columbia Ferry Services Inc. Discovery Parks Trust Don Coulter Don Bird Chief Executive Officer Managing Partner Coast Capital Savings Borden Ladner Gervais LLP Greg D’Avignon Josh Blair President and Chief Executive Officer Executive Vice President and Business Council of British Columbia Chief Corporate Officer Alan Davis TELUS Corporation President Doug Bloom Kwantlen University President, Spectra Energy Transmission West Bob Dawson Spectra Energy Transmission Director, Western Canada Mark Blucher Pfizer Canada Inc. President and Chief Executive Officer John Delucchi Insurance Corporation of British Columbia Managing Partner for the BC Region Peter Brown PwC LLP Partner Richard Dunn Deans Knight Capital Management Ltd. Vice President, Regulatory and Kathy Butler Government Relations Managing Director and Head, Encana Corporation BC Investment Banking Brian Frank CIBC World Markets (retired) Chief Executive Officer Eric Carlson TimberWest Forest Corporation Chief Executive Officer Anthem Properties Group Ltd.

Business Council of British Columbia 2014 ANNUAL REPORT 25 Andy Fraser Don Krusel President President and Chief Executive Officer Finning Canada Prince Rupert Port Authority

Rick Gateman Pierre Lebel President, Coastal GasLink Project Chairman and Director TransCanada Pipelines Limited Imperial Metals Corporation

Jan Grude Peter Leitch President and Chief Executive Officer Chair Pacific Blue Cross Motion Picture Production Industry Association

Arvind Gupta Wendy Lisogar-Cocchia President and Vice Chancellor Chief Executive Officer University of British Columbia Crew Property Ventures Ltd.

Eric Harris Kim Logan Chair Director, Government Relations, BC Harris & Company LLP TELUS Corporation Chair, Next Leaders Council Philip Hochstein President Fiona MacFarlane Independent Contractors and Managing Partner, Western Canada and Businesses Association of BC Chief Inclusiveness Officer EY LLP Jonathan Kallner Managing Partner, Greater Vancouver Area Graham MacLachlan KPMG LLP Regional President, BC RBC Royal Bank Michael Kennedy (former) Vice President and Regional Leader, BC Paulo Maia Stantec Consulting Ltd. (former) President and Chief Executive Officer HSBC Bank Canada Hank Ketcham Executive Chairman Valerie Mann West Fraser Timber Co. Managing Partner Lawson Lundell LLP Kathy Kinloch President Kevin McBurney British Columbia Institute of Technology Senior Client Partner Korn/Ferry International Greg Kist (former) President, Pacific Northwest LNG Stephen Murphy Progress Energy Canada Ltd. Senior Vice President, Commercial Banking TD Bank Group

26 Business Council of British Columbia 2014 ANNUAL REPORT Gordon Nelson Andy Smith Vice President & General Manager – BC President and Chief Executive Officer Rogers Communications Group BC Maritime Employers Association

Janine North Marcia Smith Chief Executive Officer Senior Vice President, Northern Development Initiative Trust Sustainability and External Affairs Teck Resources Limited Sue Paish President and Chief Executive Officer Bob Stanlake Lifelabs (retired) President, Mining and Metals Amec Foster Wheller Inc. Andrew Petter President and Vice Chancellor Paul Tatay Simon Fraser University Senior Vice President Industrial Alliance Pacific Insurance and Financial Susannah Pierce Services Inc. GM Social Performance & External Engagement Shell Canada Ltd Mark van Rooij Chief Executive Officer David Podmore Avcorp Industries Inc. Chairman and Chief Executive Officer Concert Properties Ltd. Tamara Vrooman Chief Executive Officer Richard Prokopanko Vancity Credit Union Director, Corporate Affairs and Sustainability Rio Tinto Alcan Inc. John Walker (former) President and Chief Executive Officer Tom Roper FortisBC Chair Roper Greyell LLP Jonathan Whitworth Chief Executive Officer Jason Scharfe Seaspan ULC Managing Director Marsh Canada Ltd. Alan Winter President and Chief Executive Officer Hao Shi Genome British Columbia Chief Representative Agricultural Bank of China Susan Yurkovich Executive Vice President, Site C Robin Silvester BC Hydro & Power Authority President and Chief Executive Officer Port Metro Vancouver

Duncan Sinclair Managing Partner Deloitte & Touche LLP

Business Council of British Columbia 2014 ANNUAL REPORT 27 COUNCIL STAFF

PRESIDENT AND EXECUTIVE OFFICE POLICY Greg D’Avignon Jock Finlayson President and Chief Executive Officer Executive Vice President and Chief Policy Officer [email protected] [email protected] Nikki Roussanidis Ken Peacock Executive Assistant to the President Vice President and Chief Economist [email protected] [email protected] Denise Mullen MEMBERSHIP AND OPERATIONS Director, Environment and Sustainability Cheryl Maitland Muir [email protected] Vice President, Communications Vicki Champ [email protected] Executive Assistant Markian Beley [email protected] Controller Valerie Foster [email protected] HR Research Analyst Tara Zwaan [email protected] Manager, Communications and Events [email protected] Jayne Murdock Administrative and Projects Coordinator [email protected]

Past and present Business Council staff gathered to celebrate Barbara McNicholl’s retirement in April 2014

28 Business Council of British Columbia 2014 ANNUAL REPORT Annual Report 2014 Prepared June 2015