Submission to BC royalty review

Key recommendations to the BC oil and gas royalty review
December 3, 2021
1.61 MB10 pages

The oil and gas industry is a marginal player in BC’s overall economy, yet has far-reaching environmental impacts, is inconsistent with global climate action, and undermines First Nations’ rights and title. And yet, since BC started to implement climate action targets and policies in 2007, gas production has doubled.

This submission to BC’s oil and gas royalty review begins with the increasingly obvious requirement that the oil and gas sector needs be phased out due to the urgent need to address climate change. Major changes are needed to for the industry to be managed for wind down, this submission key recommendations for changing the BC's oil and gas royalty program as it transitions to that wind down.