Citizens for a Livable Cranbrook Society provides grassroots leadership and an inclusive process, with a voice for all community members, to ensure that our community grows and develops in a way that incorporates an environmental ethic, offers a range of housing and transportation choices, encourages a vibrant and cultural life and supports sustainable, meaningful employment and business opportunities.

Saturday, November 1, 2014

Auditor’s report shows B.C. has given up $1.25 billion in incentives to oil/gas industry

See: The Province 
VICTORIA — B.C.’s auditor general says doing business with the oil-and-gas industry has cost the province about $1.25 billion in royalties even before most of the product has been pulled from the ground.
The incentives to be paid to the industry were just some of the items highlighted Thursday by auditor general Carol Bellringer in her 2013-2014 summary of B.C.’s financial statements.
Bellringer also noted how much money the government made from selling its assets, how much it paid in interest on debt accumulated through public-private partnerships, and she even took issue with government accounting methods.

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