B.C. government confirms errors worth $1.46B in gas revenue forecasts

By Brenna Owen Errors including botched currency conversions led the British Columbia government to overstate its forecasted natural gas revenues by about $1.46 billion over five fiscal years, officials confirmed on Tuesday. Energy Minister Adrian Dix said the most significant error,  a 44-cent overstatement in the forecasted per-gigajoule price of natural gas this fiscal year, was a “serious mistake.” But he said the errors affect the province’s forecasting, not its actual revenues, which can vary in a given year. Price fluctuations, including the spike and subsequent decline linked to Russia’s invasion of Ukraine, have led the province to both underestimate and overestimate its revenues over the years, Dix said. “That part is a normal part. What isn’t a part of it is human error that we’re acknowledging today and correcting…

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