9.8 C
Fort St. John
Sunday, September 15, 2019
9924 101 ave Fort St. John, B.C.
Home News Local oil and gas companies encouraged to apply for Royalty Credits

Local oil and gas companies encouraged to apply for Royalty Credits

The province is encouraging oil and gas companies operating in British Columbia to participate in the 2009 Infrastructure Royalty Credit Program.

The program is aimed at increasing competitiveness by opening up new and undeveloped areas of BC, by providing all-season access to oil and gas revenues and by generating incremental revenues to the province.

It was first offered in 2004 and has since gave over 316 million dollars in infrastructure royalty credits to oil and gas companies. This resulted in 72 new road-based projects and 53 new pipeline projects.

The province gets a return on investment of two point five for every dollar invested.

Once the application is submitted, the province will approve companies with the highest economic benefits for British Columbia.

Companies have until two p.m. on April 30th to complete the application.

For the application, click here

get the latest news in your inbox


Local Events

Must Read

The longer road to balance: parties in no rush to eliminate...

OTTAWA — Canada's election campaign is barely underway and, fiscally speaking, it's already unlike any in recent history: none of the major political parties is promising to balance the government's...

Where the party leaders are Sunday