Shale gas profits will be spread around, Leonard says
'We want to make sure that all New Brunswickers can share from the...industry,' energy minister says
Energy Minister Craig Leonard says New Brunswick landowners won't make as much money from shale gas development as those in Pennsylvania, but there will still be dollars flowing in.
A CBC report showed some people in that state were earning millions of dollars because they own the resources below their land — unlike the situation in New Brunswick.
Leonard says despite that difference, the provincial government will ensure shale gas profits are spread around.
"We want to make sure that all New Brunswickers can share from the shale gas industry," he said.
"So while we brought the royalty regime into play last week, the next step in that process is to look how the royalty scheme will generate, how that will be distributed amongst various groups in New Brunswick and First Nations as well."
Leonard says another way landowners can make money is by entering into agreements with developers who come onto their property to explore for or extract the resource.