Premier Gordon Campbell said today there will be some compensation for oil and gas companies active in the Flathead Valley. Last week, the government announced it would be banning oil and gas development, as well as mining, in that area. But Energy, Mines and Petroleum Resources Minister Blair Lekstrom said he couldn't speculate if there would be any compensation attached to that decision. Today, though, when asked what will happen to businesses with oil and gas leases in the Flathead, the premier told the media his government "will be working with those companies. Obviously, we will make sure they are not punished for this." So will there be a need to compensate them, another reporter asked? "There will be some compensation costs. But they will be minimal."
February 18, 2010