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More royalties for natural gas industry
VICTORIA/CKNW (AM980)
Sean Leslie | Email news tips to Sean
2/25/2013

The provincial government is rolling out more tax royalties for the natural gas industry.


Premier Christy Clark announced a 120 million dollar installment to the royalty program that was introduced in 2004 to encourage more roadbuilding and pipeline construction in northern BC.

"These credits will ensure that our fiscal regime is one of the most competitive in the world, and it is, our closest competitor's regime by the way is up to one-third higher....Australia's competition...is looking like we're leaving them in the dust more and more every single day."

Clark also announced 32 million dollars in benefits for 15 First Nations along the route of the proposed pacific trails natural gas pipeline,  which is to feed a liquid natural gas plant in Kitimat.  

 


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  1. TonyB_0924 posted on 02/25/2013 04:22 PM
    Did someone get the size of the shovel that Clark was using in that pill of BS
  2. brianp1950 posted on 02/25/2013 04:25 PM
    is this in the budget? doing this at the same time they are slashing funds available to adults with disabilities makes no sense.
  3. MichaelD_10 posted on 02/25/2013 04:38 PM
    It's all palava (BS). Liquid natural gas as an exportable fuel source is pie in the sky. With fracking everyone has natural gas close to home.
  4. taxed to death posted on 02/25/2013 04:57 PM
    Let's all go easy on the Pom Pom princess...look, she has a fantasy of being the big girl that's going to get BC out of debt with her fictitious little industry called LNG. Let her live out her fantasy....however in the meantime let's all remember what she's doing to people TRULY in need....they are called families, the people she could care less about....let's show this beast of a woman how we feel about her and he government I'm May...I for one just cannot fathom where she gets off with all these give aways fully knowing the Liberals as a government leading this province are done.....it's setting up for a provincial disaster for future governments trying to balance a budget, it simply should not be allowed this close to an election, period! She will solely ruin the credit rating of this province. It's beyond serious now and should be ethically illegal.
  5. insite posted on 02/25/2013 09:20 PM
    Doesn't a tax royalty normally represent reveue owing and paid to the provincial treasury?

    If LNG is going to provide a trillion dollars of economic benefits to the province, why are we paying the natural gas drillers money that the province doesn't have?

    Can someone explain why the industry with such tremendous potential needs a subsidy?
  6. insite posted on 02/25/2013 10:09 PM
    If we are "leaving them in the dust more and more every single day"-meaning Australia-why are we subsidizing such a competitive industry with potential to provide a trillion dollars of economic benefit?

    Especially, when we don't have the money and we need to sell $800 million of assets?
    1. WayneM_2492 posted on 02/26/2013 06:20 AM
      @insite Hopefully the sale of the Kits base property isn't included in the sale.
      http://alexgtsakumis.com/2013/02/25/8940/
    2. miltw posted on 02/26/2013 07:33 AM
      @insite With BC's most famous milf and her milfettes (except foghorn) one has to wonder exactly how much these subsidies put into liebral slush/trough fund?

      As for selling the assets since when has that slowed down the liebrals when there were friendly wallets to keep happy?
  7. BCSkulker posted on 02/26/2013 08:15 AM
    Hold on! I thought First Nations (a total misnomer) were supposed to be a "Federal" responsibility. Why does BC have to compensate 15 of these groups at roughly $2M a pop? Why is it that BC keeps contributing to satisfy Federal responsibilities; and have resultant costs of native demands imposed on us?

    Look at the treaty negotiations? BC is expected to have territories (and subsequent income in the form of royalties, etc.) lost in the process. We (the province) should be compensated, by the senior government. for these losses. Yet we continue to pay in order to satisfy the bill for the Federal government. When we joined Confederation, the province had defined borders. The lands within these boundaries were not the property of the Federal government to satisfy their whims, wants or needs.

    Yet, as good sheep we keep contributing without a murmur of complaint. In the meantime our BC taxpayers keep on paying; aboriginal treaties, equalization, etc., etc. Is there anyone running for office in the next election -
    NDP, Liberals or any other party - willing to step up to the plate for the BC taxpayer? Or, will all of these parties continue to assist in the fleecing of our province by the senior government? Hang on to your wallets; there's a new provincial government coming.
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