YellowknifeSA国际影视传媒檚 Graeme Clinton, owner of Impact Economics, a research firm, says heSA国际影视传媒檚 written hundreds of papers. But this was the first time heSA国际影视传媒檚 had to speak up to the city about one.

SA国际影视传媒淚 donSA国际影视传媒檛 think I would be here if I felt that this is a subject that people are discussing. If it was a point of concern for enough people, in particular leadership,SA国际影视传媒� he said during a special council meeting at city hall on Monday.

ClintonSA国际影视传媒檚 report deals with the potential impact of mines closing. In his report, titled SA国际影视传媒淓yes Wide Open,SA国际影视传媒� it highlights that the NWTs diamond mines are all well past their half-lives.

Diavik is set to close in early 2026. Ekati and Gahcho Ku茅 mines will also close and potentially within a few years of one another between 2028 and 2030. Oil production in Norman Wells will also end in 2026.

SA国际影视传媒淚 literally canSA国际影视传媒檛 sleep at night thinking of this stuff,SA国际影视传媒� said Clinton, SA国际影视传媒渂ut ISA国际影视传媒檓 here to start a conversation and hope that everybody in the room does as well.SA国际影视传媒�

Clinton added the recent territorial election gave him some anxiety, considering what little attention the economy received.

More than 1,500 jobs overall could be lost and about 1,100 residents could leave the territory, according to ClintonSA国际影视传媒檚 findings. He warned city council of the potential $100 million that could be taken out of the economy in consumer spending should those people leave for good.

ClintonSA国际影视传媒檚 work also notes that minerals, oil, and gas make up more than half of the territorySA国际影视传媒檚 total exports.

SA国际影视传媒淲hen these products are no longer available for sale, the territory will lose an important source of income that finds its way through the economy affecting businesses, labour, and government revenues,SA国际影视传媒� reads the report.

Clinton said the city needed to to invest more in the quality and quantity of their labour, as well as investing in infastrucutre.

SA国际影视传媒淲e failed to do it, and thatSA国际影视传媒檚 why we find ourselves here today,SA国际影视传媒� he said.

Coun. Steve Payne said watching ClintonSA国际影视传媒檚 presentation was like watching the movie DonSA国际影视传媒檛 Look Up. It stars Leonardo DiCaprio, who plays an astronomer trying to warn the world of an approaching meteor that will destory civilization.

SA国际影视传媒淕raeme, youSA国际影视传媒檙e the Leo of this movie,SA国际影视传媒� said Payne. SA国际影视传媒淚 appreciate what you just brought to us.SA国际影视传媒�

YellowknifeSA国际影视传媒檚 future probably wonSA国际影视传媒檛 end like DiCaprioSA国际影视传媒檚 in his film, but it is still uncertain. For Clinton, one thingSA国际影视传媒檚 for sure: thereSA国际影视传媒檚 no turning back.

SA国际影视传媒淲e canSA国际影视传媒檛 go back 15 or 20 years and have a do-over.SA国际影视传媒�

He emphasized that Yellowknife determines the state of the overall NWT economy. ItSA国际影视传媒檚 something more people need to understand band together for.

Clinton might have his concerns, but he said heSA国际影视传媒檚 no governement critic SA国际影视传媒� a job that would be too easy, he added.

SA国际影视传媒淲e are more more keen on arguing amongst ourselves over what the future is.SA国际影视传媒�