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…
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