Saskatchewan’s public offering of Crown petroleum and natural gas rights held on Tuesday generated $2.1 million in revenue for the province, largely on the strength of continued interest in the Kindersley area. This was the fourth of six public offerings to be held this year and brings the revenue to date to $27.2 million. The province’s Energy and Resources Department says public offerings here have averaged more than $500 in a per-hectare basis to date, compared to about $275 per hectare in Alberta. October’s public offering last year generated $19 million in revenue. The next offering will be held December 4th.
October’s Public Offering of Petroleum and Natural Gas Rights
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The Candian government wants the country’s banks to identify, in customers’ bank statements when they receive the carbon rebate, that it is labelled as such.
Environment Minister Steven Guilbeault says the lack of a clear identifier is contributing to confusion about carbon price rebates, so he is going to change the law if he has to in order to force the big banks to identify the carbon rebate by name when doing direct deposits.
The first rebate deposits in 2022 were labelled very generically, which meant recipients had no idea why they were getting the money.
T-D and B-MO have adopted the government’s requested “CdaCarbonRebate” entry, R-B-C and Scotiabank say they couldn’t make the change in time for the rollout, and C-I-B-C is still calling it “Deposit Canada.”