Net Profit Royalty Regulation (B.C. Reg. 98/2008). Country/Territory Canada Territorial subdivision British Columbia Document type Regulation Date 2008 (2010) Source FAO, FAOLEX Subject Energy, Mineral resources Keyword Natural gas Policy/planning Enforcement/compliance Oil Geographical area Americas, Arctic, Asia and the Pacific, East Pacific, North America, North Atlantic Abstract The present Regulation is enacted under the Petroleum and Natural Gas Act. As mandated by the BC Energy Plan. The Regulation establishes the “Net Profit Royalty Programme” intending to stimulate development of natural gas and oil resources by sharing the capital risk of successful developments and recognizing the long-lead times associated with these developments. The text consists of 20 sections and 1 Schedule. Full text English Website www.qp.gov.bc.ca References - Legislation Implements Petroleum and Natural Gas Act ([RSBC 1996] Chapter 361). Legislation | Canada | 1979 (2016) Keyword: Basic legislation, Oil, Natural gas, Transport/storage, Environmental planning, Environmental standards, Offences/penalties, Policy/planning, Standards, Protection of environment, Minerals, Mining, Access right, Authorization/permit, Indigenous peoples Source: FAO, FAOLEX