BC Woos Energy Industry

BC’s deputy energy minister was in Calgary yesterday wooing oilpatch executives, and promising the Campbell government doesn’t intendto review its royalty regime, any time soon.

Greg Reimer told an Oil and Gas Investment Symposium, BC’s Oil andgas sector is booming and, he urged industry leaders to include theprovince in their investment plans.

Filling in at the last minute for Energy Minister Richard Neufeld,he used most of his speech to outline BC’s regulatory framework.

The regimes in BC and Saskatchewan are now generally perceived, asmore industry friendly than Alberta’s, thanks to last year’s royaltychanges, by Premier Ed Stelmach.

Several Alberta based energy companies already own large tracts ofland in northeast BC and, could very well add to them today in anothermonthly sale of oil and gas rights.