Category: CBC

Breaking news broken

Government forecasts that four year natural gas royalties total, 2017 through 2020, may be $926 million but that doesn’t deduct any growth in production tax credits that industry is accruing but government is not recording. In the past four years, the liability to producers increased by $1,158 million. If the liability for unrecorded credits – amounts that can be deducted from future royalties – continues to grow at the rate of the past four years, BC will receive no net gas royalties, provided that a more honest government begins to record the liability. There is already $2+ billion owed to producers.

Soft landings

Another change in BC Premier Christy Clark’s office, Andrew MacLeod, The Tyee, May 2, 2012 The Premier’s office is now Scott free, which conveniently fixes a CBC problem. They had refused to […]