Auditor’s report shows B.C. has given up $1.25 billion in incentives to oil/gas industry

See: The Province 

http://www.theprovince.com/business/industry/10342394/story.html

VICTORIA — B.C.’s auditor general says doing business with the oil-and-gas industry has cost the province about $1.25 billion in royalties even before most of the product has been pulled from the ground.

The incentives to be paid to the industry were just some of the items highlighted Thursday by auditor general Carol Bellringer in her 2013-2014 summary of B.C.’s financial statements.

Bellringer also noted how much money the government made from selling its assets, how much it paid in interest on debt accumulated through public-private partnerships, and she even took issue with government accounting methods.