The latest economic stimulus package in British Columbia (BC) has taken the form of slashed royalties on new natural gas wells. BC cut royalties to a token, a flat 2% for one year on wells drilled between this September and June of 2010. The move is seen as a way to compete with rival Alberta, which has its own stimulus package for drillers.
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Clinton May Sign Kyoto Accord as ‘Goodwill’ Token
President Clinton is expected to sign in a week or two the Kyotoagreement on limiting greenhouse gas emissions, but his action willbe seen as “more of a gesture of goodwill” to the conferencecurrently underway in Argentina further addressing the issue,according to Capitol Hill and gas industry sources. He has nointention of submitting the accord for ratification to the Senate,which is sharply opposed to it.
November 10, 1998
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