B.C. Introduces Oil And Gas Stimulus Package

摘要

British Columbia today announced an oil and gas stimulus package designed to attract investment and produce immediate economic benefits for the province. This stimulus package has the advantage of not requiring direct government spending to increase activity and investment, while generating positive revenue to the Crown, Energy Minister Blair Lekstrom said in a release. In a conservative scenario, after three years the program will generate $2.50 in net incremental revenues for every $1 of royalty credit provided, the province said. Since these are royalty credits and not expenditures, the Crown benefits from the activity in addition to royalty revenue generated from wells that would likely not have been drilled.