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Newfoundland’s Oil and Gas Corporation compensation policies didn’t always align with government direction: auditor general

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June 13, 2024
By Brandi Cowen

Newfoundland and Labrador’s auditor general has found that the provincially owned Oil and Gas Corporation didn’t always manage employee compensation in accordance with government direction.

Denise Hanrahan released a performance audit saying Nalcor employees who transitioned to Oil-Co were given salary increases much higher than other government employees received.

The auditor adds that more than $1 million dollars was spent on external financial services between January 2021 and December 2023 on work that potentially could have been performed by Oil-Co employees.

The audit also found that the corporation didn’t ensure the best possible use of public money and there were concerns when it came to conflict of interest practices.

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