Some BC politicians are not bright. Either that, or they are thoroughly dishonest. Maybe both.
Royalty credits deducted and accrued by BC’s natural gas producers (FY 2007 to FY 2017) amounted to $8.3 billion. Why is that @bcliberals never ask where those subsidy dollars were coming from?#bcpoli
— Norm Farrell – In-Sights.ca (@Norm_Farrell) July 14, 2018
These charts reflect cash receipts from auctions of petroleum and natural gas rights and royalties received, less the increase in credits owed producers. The unrecorded balance owed to gas industry participants was $2.16 billion as at March 31, 2017.
The total of credits deducted by or owed to producers for fiscal year 2018 are not yet known, even though we are now in the fourth month of fiscal year 2019. However, Energy Minister Michelle Mungall reported to the BC Legislature that credits owed producers had grown by over $1 billion in the first eight months of fiscal year 2018.
Given the above, can anyone answer Ms. Stilwell’s question, “Where are the $$$’s coming from?”
A related In-Sights article from June 2018:
Categories: Natural Gas