It was pure luck, but we couldn't have timed this last week any better. It started snowing in the mountains around Salt Lake City on Tuesday, and it felt like it didn't stop until Saturday. On Wednesday morning, which was peak powder, the main resorts were reporting anywhere between 23" and 30" of fresh now. It was the stuff of magical dreams.

But snowfall is, of course, highly variable. SLC is having a record year, whereas many resorts in Europe weren't able to open until mid-January because of a lack of snow. And from a macro perspective, things are generally getting worse. According to this report, for every one degree increase in the world's average temperature, global snow cover is reduced by about 8%.

What this mean is that, even in low emission scenarios, many of the places that previously hosted the Winter Olympics, may struggle to do so again in the future because of "non-reliable" snow cover. Freestyle ski and snowboard, for example, typically wants a minimum of 1 meter of snowpack as a base, and sometimes more if melting is expected.

Things do not look positive for Vancouver, Garmisch-Partenkirchen, and even Chamonix in the below chart. (And as a further blow, the authors of the report also don't know how to spell Vancouver.) Naturally, this is something that you might want to consider when looking at long-term investments that are dependent on fresh snow.

You can, however, ignore Sochi in the above chart. Because this was never a great place for the Winter Olympics and it's unclear to me why this place was ever chosen (other than for presumably nefarious reasons). It's like: "We are one of the largest and coldest countries in the world. We have a lot of snow in Russia. But for fun, let's choose one of the few places with a sub-tropical climate."

Excluding Sochi, though, this is an alarming chart.

I know it’s only August, but I am already thinking of snowboarding.

And I just recently learned that the British Columbia government has given the go ahead for a new multi-peak and year-round ski destination near Valemount, BC. The summits will include Mount Pierre Elliot Trudeau, Twilight Glacier, Glacier Ridge, and Mount Arthur Meighen.

Here is a photo of Mount Meighen (taken in September) from the project’s master plan.

Here is where Valemount is situated. It’s a 7 hour drive from Vancouver and a 5.5 hour drive from Edmonton.

Here is the mountain range in relation to Valemount. Right hand side of the image. Sorry, I know it’s small.

Here is the master plan that just got approved. Valemount is once again on the right / east.

And here is why this is a big deal (at least in my world):

- Valemount has the potential to be “the third largest lift-serviced non-contiguous vertical” in the world at 2,260m (7,415 feet). Zermatt, Switzerland and Chamonix, France are number 1 and 2. Of course, it would still get the title of the largest vertical drop in North America.

- There are a number of glaciers that would allow for summer / year-long snowboarding.

- They want to create a multi-valley snowboarding experience, similar to the European Alps.

- The mountain range has one of the highest average snowfalls in Canada. Valemount gets 5.36m (211 inches) per year and at an elevation of 1,800m it’s 14m (551 inches) of snowfall per year. This is more than Whistler. Because of this, they are not planning any snowmaking.

- There’s an airport nearby.

- One of their guiding principles is to minimize the environmental impact.

Construction is expected to begin in the spring of 2017 and the plan is to open to the public by December 2017. The first phase will include Twilight Glacier at an elevation of 2,530m (8,301 feet). So right from the outset, there will be summer skiing.

If you’re curious what the master plan for a ski resort looks like, you can download the entire report here. It’s only 324 pages.

It was pure luck, but we couldn't have timed this last week any better. It started snowing in the mountains around Salt Lake City on Tuesday, and it felt like it didn't stop until Saturday. On Wednesday morning, which was peak powder, the main resorts were reporting anywhere between 23" and 30" of fresh now. It was the stuff of magical dreams.

But snowfall is, of course, highly variable. SLC is having a record year, whereas many resorts in Europe weren't able to open until mid-January because of a lack of snow. And from a macro perspective, things are generally getting worse. According to this report, for every one degree increase in the world's average temperature, global snow cover is reduced by about 8%.

What this mean is that, even in low emission scenarios, many of the places that previously hosted the Winter Olympics, may struggle to do so again in the future because of "non-reliable" snow cover. Freestyle ski and snowboard, for example, typically wants a minimum of 1 meter of snowpack as a base, and sometimes more if melting is expected.

Things do not look positive for Vancouver, Garmisch-Partenkirchen, and even Chamonix in the below chart. (And as a further blow, the authors of the report also don't know how to spell Vancouver.) Naturally, this is something that you might want to consider when looking at long-term investments that are dependent on fresh snow.

You can, however, ignore Sochi in the above chart. Because this was never a great place for the Winter Olympics and it's unclear to me why this place was ever chosen (other than for presumably nefarious reasons). It's like: "We are one of the largest and coldest countries in the world. We have a lot of snow in Russia. But for fun, let's choose one of the few places with a sub-tropical climate."

Excluding Sochi, though, this is an alarming chart.

I know it’s only August, but I am already thinking of snowboarding.

And I just recently learned that the British Columbia government has given the go ahead for a new multi-peak and year-round ski destination near Valemount, BC. The summits will include Mount Pierre Elliot Trudeau, Twilight Glacier, Glacier Ridge, and Mount Arthur Meighen.

Here is a photo of Mount Meighen (taken in September) from the project’s master plan.

Here is where Valemount is situated. It’s a 7 hour drive from Vancouver and a 5.5 hour drive from Edmonton.

Here is the mountain range in relation to Valemount. Right hand side of the image. Sorry, I know it’s small.

Here is the master plan that just got approved. Valemount is once again on the right / east.

And here is why this is a big deal (at least in my world):

- Valemount has the potential to be “the third largest lift-serviced non-contiguous vertical” in the world at 2,260m (7,415 feet). Zermatt, Switzerland and Chamonix, France are number 1 and 2. Of course, it would still get the title of the largest vertical drop in North America.

- There are a number of glaciers that would allow for summer / year-long snowboarding.

- They want to create a multi-valley snowboarding experience, similar to the European Alps.

- The mountain range has one of the highest average snowfalls in Canada. Valemount gets 5.36m (211 inches) per year and at an elevation of 1,800m it’s 14m (551 inches) of snowfall per year. This is more than Whistler. Because of this, they are not planning any snowmaking.

- There’s an airport nearby.

- One of their guiding principles is to minimize the environmental impact.

Construction is expected to begin in the spring of 2017 and the plan is to open to the public by December 2017. The first phase will include Twilight Glacier at an elevation of 2,530m (8,301 feet). So right from the outset, there will be summer skiing.

If you’re curious what the master plan for a ski resort looks like, you can download the entire report here. It’s only 324 pages.