The B.C. government has acknowledged it made a nearly $1.5-billion error in its latest budget—a mistake that will slash the projected natural gas royalties it receives from industry over the next five years.
The admission came hours after Business in Vancouver published an investigation in which experts calculated the province had overstated expected natural gas royalty revenues by roughly $500 million per year.
In an email Wednesday, the Office of the Premier said the Ministry of Energy and Climate Solutions undertook a review that identified an administrative error related to its natural gas price forecast.
The statement said the error would drop forecasted gas royalties by an average of
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