Province approves over $115 million in royalty credits

The money will go to support building new resource roads and pipelines, mostly in the Montney shale gas play north of Fort St. John. 

It’s expected that these credits will increase drilling operations and generate over $320 million in new capital spending by industry while creating over 1,500 jobs. 

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Like in past years, energy companies will fund the entire cost of a selected infrastructure project, and will then be able to recover up to 50 per cent of an approved project’s cost through royalty reductions.

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