B.C. is celebrating Oil and Gas Week, in recognition of the important contributions the natural gas and petroleum sector makes to the economy, local communities and families throughout the province, announced Bill Bennett, Minister of Energy, Mines and Petroleum Resources.
The natural gas and petroleum sector is a major economic engine for B.C. Industry is thriving thanks to innovative royalty programs, modernized regulations and growing interest in the province’s resource potential. The sector generated $1.35 billion in fiscal 2009/10 alone, accounting for over 50 per cent of B.C.’s total resource revenue.