Environmental Consultants – Michael McPhie

British Columbia’s Labor Sector Starts Recovery Amid Pandemic

With a master’s degree in environment and management, Michael McPhie is a founding partner of Falkirk Environmental Consultants, Ltd., a management and consulting firm that specializes in indigenous issues, regulatory affairs, public policy, and mineral resources sustainability issues.

In May 2020, 43,300 jobs were opened in British Columbia according to The Labour Market Survey. This was a pleasant surprise for economists considering that in late March, BCBC reported two recession scenarios that the province will most likely experience following the coronavirus pandemic. In that report, BCBC described the first scenario as “bad,” and the second as “worse.”

The survey was taken just before the provincial government decided to start the re-opening of the economy for Phase 2 of the economic recovery efforts. Experts explained that, most likely, the numbers showed the BC businessmen’s anticipation for the re-opening and started rehiring employees.

The 43,300 hires in May were fairly grim in comparison with the 400,000 jobs BC lost in March and April. Accordingly, the young workers were particularly hit hard with the closing down of non-essential businesses. Most industries that employ young workers belong to the tourism and hospitality sectors, which were considered non-essentials during the pandemic.

Although the figure does not change BCBC’s prediction in March, it offers optimism about the economy of BC going through Phase 2. BCBC experts will be watching closely as recovery takes place in the coming months.

Tips for Investing in Mining Stocks

An experienced natural resources executive based in British Columbia, Michael McPhie is a specialist in the base and precious metals industry. Michael McPhie has a deep understanding of the natural resource field, especially in the areas of project development, financing, and capital markets. He’s a founding member of Falkirk Environmental Consultants Ltd. where he provides, among other things, investor due diligence consulting.

Investing in mining stocks can be quite profitable, but they shouldn’t make up an investor’s entire portfolio. A good number to shoot for is around 20-30 percent of total investments. The resource sector tends to be somewhat volatile, so it’s best to be prudent.

A best practice for investing in mining stocks is to focus on stable political regions. One of the potential dangers is mining operations in countries where property rights or the rule of law might be unstable.

When investing in a specific geographic area, look at the reserves. Invest based on the longevity of the estimated reserves, not based on exploration efforts.

Ultimately, it often pays to follow the crowd to an extent. Stocks in mining companies that are well-financed and won’t need to sell shares to raise capital are a good choice, as they won’t dilute your investment.

Advocacy and Partnership – Falkirk Environmental Consultants, Ltd.

Based in Vancouver, British Columbia, the founder and head of Falkirk Environmental Consultants, Ltd., Michael McPhie, is not new to the mineral-extraction industry. In addition to this company, Michael McPhie has launched other businesses related to mineral extraction. Falkirk, his latest venture, focuses on a different aspect of the industry, creating investing opportunities in a positive environment.

Established in 2018, Falkirk Environmental Consultants deals with several important elements of the commodities industry. The company works with public and private interests in project-permitting and management, due diligence, and government relations. More importantly, the company recognizes the need to advocate for positive relationships between business entities and indigenous tribes that live across Canada’s vast landscape.

The organization takes a proactive approach to creating partnership opportunities in the region and reducing conflict. Through negotiation, communication, and strategies to engage prospective populations, the company’s clients get the support they need to promote business opportunities.