New royalty credits being offered by Province

first_imgThe B.C. Liberal government is putting up to $120 million in royalty credits to spark the next round of infrastructure development in the petroleum and natural gas sector.Beginning Thursday, the Energy Ministry will accept applications from resource companies to invest in new or upgraded roads and new pipelines that generate economic development and job creation in the oil patch.- Advertisement -Although the energy company must fund the entire cost of a selected infrastructure project, it will then be able to recover up to 50 per cent of an approved project’s cost.The cost recovery will come in the the form of credits that reduce the natural resource royalties it must remit to the government.In a news release Thursday, the Ministry says applications will be accepted until 2 p.m. PDT on April 4.It also says only projects which offer the highest economic benefits for the province will be approved.Advertisement The intiative should represent a major economic plus for the Peace River region and the first evidence of that could come next Wednesday after the February natural gas and petroleum sale.last_img read more

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DONEGAL GARDAI QUIZ UKRAINIAN MAN OVER SHIP STABBING

first_imgGARDAI in Ballyshannon are questioning a Ukrainian man over the stabbing of a fellow national aboard a ship 300kms off the Mayo coast.The victim, who is 26, was flown to Sligo by the Coast Guard 118 helicopter before being transferred in a critical condition to University College Hospital in Galway.The 32-year-old suspect from Ukraine was detained when his boat, the Afric Star, docked in Killybegs earlier today. The cargo vessel was travelling from St Petersburg to Panama when the incident happened. DONEGAL GARDAI QUIZ UKRAINIAN MAN OVER SHIP STABBING was last modified: September 19th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

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