Rethinking Your Natural Resources Business

Businesses in the natural resources industry—specifically mining, oil and gas, and renewables— continue to face unique challenges as a result of COVID-19. As an internationally diverse sector in the financial markets, these businesses need to carefully manage their priorities, and BDO has adopted a global three-phase model that can help: React, Resilience, Realize. This model helps to assess key operational and strategic business issues. Each phase can be considered separately or as part of a larger strategic roadmap to help mitigate the economic, regulatory, and socio-political effects of coronavirus pandemic.

Using the in-depth analysis of BDO's global natural resources team through three documents—each representing mining, oil and gas, and renewables—BDO Canada has taken their comprehensive matrix of the key questions that natural resources leaders should ask themselves and compiled them into one document. These questions are critical for leaders to consider in order to rethink their business model and pivot operations.

From adapting to the changes in investor expectations to examining the impact of increasing climate change considerations, these questions are designed to help leaders contemplate the unprecedented challenges and unique opportunities posed by the pandemic, and uncover innovative approaches to meet the moment.

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Bruce Sprague, Partner, National Mining Leader, Western Canada Tax Leader

Justin Friesen, Partner, National Oil & Gas Leader

Stephen Payne, Partner, National Renewable Energy leader