Auditor General Denise Hanrahan delivered an audit on the Oil and Gas Corporation (OilCo) to the House of Assembly yesterday and was critical of the organization.
The report highlighted several areas of concern around operating expense and oversight processes. As well, it states that OilCo did not manage employee compensation in accordance with government direction, and did not ensure the best possible use of public money.
“OilCo’s refusal to align its employee compensation and benefits policies and practices with government whenever possible, has meant the corporation has incurred unnecessary and excess expenses,” she says.
Hanrahan says the report comes with recommendations.
Other stories in this CKVB Newscast include: an ATV stolen from Noel’s Pond, city signs a three year lease with the Rotary Arts Centre, and the online portal for commercial registrations is shutting down for maintenance.
