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in the Living Water Smart Series

EAP IS GAME-CHANGING: “With all the talk about integrating natural assets into asset management, the players forget that nature is a system. They focus too much on specific aspects of the system, rather than its interrelated functions,” stated Tim Pringle (Living Water Smart Series, October 2021)


“Once communities make the mental transition to view ecological services as core local government services, the change in mind-set should lead to this question: how can we do things better? EAP interweaves financial, social, and ecological perspectives within a single number to establish the financial case for a stream corridor system. This aggregate number provides environmental planners with a starting point for a balanced conversation with engineers and accountants about the services that natural and constructed assets both provide. This alone is a game-changer,” stated Tim Pringle.

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ACCOUNTING FOR STREAM SYSTEMS IN ASSET MANAGEMENT: “The Millstone River EAP Report gives us further insight as we develop our existing framework for the protection and enhancement of our important natural features,” stated Tyler Brown, Chair of the Regional District of Nanaimo Board (Living Water Smart Series, June 2021)


The driver for EAP is degradation of stream channels and streamside protection areas. If the stream did not exist, the land it occupies would be in the same use as nearby development. “Accounting for our region’s natural assets is part of responsible asset management that includes ecological systems as well as physical infrastructure. This report has given the Regional District of Nanaimo, as well as the City of Nanaimo, further insight for the protection and enhancement of our important natural features in our communities, including stream corridors,” stated Tyler Brown.

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