Today W.A.C. Bennett was proved correct when he said the BC NDP was unfit to manage a peanut stand. There’s not much more to say about Site C other than everything government has said about the dam before now was wrong.
Don’t expect the latest estimate of $16 billion to be correct.
Truthiness rules in British Columbia.
Believe it or not, the Horgan Government is even worse than BC Liberals on natural gas. Of course, BC NDP will not admit it. Truthiness allows fossil fuels to be described as clean energy.
Public receipts for natural gas exploration and production hit the skids under Christy Clark. Under John Horgan, rights payments have ended. Barely anyone noticed.
After suspending monthly sales of petroleum and natural gas rights in February 2020, a single small parcel was offered in February, with the next sale scheduled for April. There is no result reported for the February tender and the one in April is now cancelled.
Effectively, the BC NDP is eliminating the public share’s of natural gas values. The industry is getting billions of dollars in royalty credits so while production has been increasing, net royalties flowing to the public treasury have been declining.
Now, once lucrative payments to the province for rights to explore for and produce natural gas have hit zero. This data, taken today from a government website references the bonus bids for oil and gas rights.
Categories: Natural Gas