John Horgan on Board of Elk Valley Resources
British Columbia’s retired Premier John Horgan is taking a job in the coal industry as a board member of Teck’s Elk Valley Resources spinoff. Horgan commented to the Globe and Mail that he is not worried about the criticism the move may draw.
Teck Resources Limited announced last month the reorganization of its business to separate Teck into two independent, publicly-listed companies: Teck Metals Corp. and Elk Valley Resources Ltd. (EVR). EVR will be a high-margin Canadian steelmaking coal producer, focused on long-term cash generation and providing cash returns to shareholders, with significant equity value accretion potential. Read more here.
The former B.C. premier John Horgan (63) fully retired from provincial politics and left his post as MLA for Langford-Juan de Fuca on Vancouver Island last month. “I’m so fortunate to have this opportunity… How did I get to be so lucky?” he said during an emotional retirement address to the B.C. Legislature.
Horgan is the only two-term premier in the history of B.C.’s New Democratic party after winning a decisive second term in a snap election during the first year of the pandemic in 2020.
During that second term, he became the longest-serving NDP premier in provincial history.
Horgan began his career in politics as a legislative assistant in the 1990s, working in a number of policy roles across several ministries before winning his first term as an MLA in what was then known as the riding of Malahat-Juan de Fuca in 2005.
He served as Leader of the Opposition from 2014 to 2017.
We welcome Horgan to the Elk Valley and wish him well in his new job in the coal industry!