BC disburses first half of federal funds to reclaim dormant oil and gas wells
There are about 7,000 dormant wells in B.C. and 770 orphan wells
$660M in tax incentives, BC reveals details of $1.5B recovery plan
Details about how the money will be spent come amid speculation that Premier Horgan is considering a snap election
COVID-19 turns BC’s 2019-20 budget surplus to $321M deficit
Declines in tax revenues, losses at the Insurance Corporation of British Columbia and early measures to tackle the pandemic.
Feds announces $3M to support B.C. tech companies
Up to 2,500 innovation firms will benefit and the funding is expected to support about 1,000 jobs
BC study suggests 8 times more people infected with virus than confirmed
Prevalence rate applied to the provincial population could mean 28,000 had the coronavirus versus 3,149 cases confirmed to date.
BC to give loans for fuel efficient switch on home heating
$4.1 million program for conversions to energy-efficient heat pumps that reduce pollution and save on costs.
BC to release fiscal update July 14 showing pandemic’s impact
Will include jobless numbers from June, most recent revenue estimates and data from the federal government’s fiscal update.
BC, Ontario shipyards team up to win multibillion dollar icebreaker contract
The agreement between Seaspan Marine and Heddle Shipyards represents the type of co-operation rarely seen within Canada.
BC swamped with funding applications to restore oil and gas wells: minister
The federal government announced in April BC would receive $120 million to clean up inactive oil and gas sites.
Low profits, few customers in post pandemic recovery: BC survey
43% businesses think they will need government incentives to continue operating.
BC lays out $120 million plan to clean up inactive oil and gas wells
Premier John Horgan says restoring more than 2,000 inactive oil and gas wells would support upwards of 1,200 jobs.
FortisBC first to purchase renewable natural gas made from wood waste
REN Energy’s Fruitvale, B.C., facility is anticipated to produce over one million gigajoules of RNG annually, making it the largest source of RNG in the province to date
Wet’suwet’en pact with Ottawa and BC disputed by elected chiefs
They don’t support the proposed MOU on rights and title, hereditary chiefs have signed on.
BC planning to ease COVID-19 restrictions, but no date yet
Falling case numbers are speeding up ongoing plans to introduce a strategy to ease requirements.
BC’s cleantech sector continues to grow: KPMG
KPMG report finds it’s increasingly export-oriented, with 87% of revenues forecast to be generated outside of the province.