Regulatory Controls for Gas Pricing

WHEREAS gas prices throughout the province of British Columbia have been steadily reaching record highs, and are creating hardships for industry and residents; AND WHEREAS British Columbians will be required to pay an additional carbon tax of 2.5 cents per litre effective July 1, 2008, and thereby causing further strain on an already taxed economy as a result of the downturn in the forestry industry and the effects of the Mountain Pine Beetle; AND WHEREAS oil and gas corporations have been gloating record profits for their last financial reporting period through the media: THEREFORE BE IT RESOLVED that the provincial government be petitioned to develop regulatory pricing controls for oil and gas corporations to allow industries and residents throughout British Columbia to continue to operate essential services and businesses, and to keep our industries alive in these time of economic uncertainty; AND BE IT FURTHER RESOLVED that a portion of profits on fuel sales be redirected from the shareholders to environmental initiatives rather than at the expense of the consumer.