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B.C. government confirms errors worth $1.46B in gas revenue forecasts
Officials say the mistake will cut expected royalties by $292 million a year and be corrected in a fiscal update later this month.
- On Tuesday, British Columbia officials confirmed four administrative errors in the 2026 budget that overstated projected natural gas royalty revenues by $1.46 billion over five years.
- Technical staff attributed the inflation to a spreadsheet formula incorrectly dragged across cells and botched currency conversions that artificially inflated plant inlet prices by more than 100 per cent.
- In a July letter to Premier David Eby, Treaty 8 First Nations leaders warned that flawed budget numbers were being used to justify an incoming royalty regime capturing only 11 to 14 per cent of net industry profits.
- Green Party MLA Rob Botterell officially requested an independent investigation Monday, asserting that "integrity and accuracy in public finances are not optional" while calling for a pause on the royalty framework.
- Energy and Climate Solutions Minister Adrian Dix pledged to correct figures in a September fiscal update, though the royalty framework slated for January 1, 2027, remains under scrutiny regarding its 50 per cent profit capture target.
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B.C. says $1.5B gas royalty accounting error result of spreadsheet mistake - Vanderhoof Omineca Express
The B.C. government is working to explain away a $1.5 billion natural gas royalty accounting blunder, blaming a spreadsheet error related to currency conversion. “I’m not pleased by this situation,” Premier David Eby said a few hours before ministry officials convened a media briefing to explain the mistake. Those officials detailed a spreadsheet error in which Canadian dollars were mistaken for American dollars, and converted when they shouldn’…
Coverage Details
Total News Sources44
Leaning Left31Leaning Right1Center12Last UpdatedBias Distribution71% Left
Bias Distribution
- 71% of the sources lean Left
71% Left
L 71%
C 27%
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