Canada-Nova Scotia Offshore Petroleum Resources Accord

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The Canada-Nova Scotia Offshore Petroleum Resources Accord is an agreement signed in 1985 between the Government of Canada and the Government of Nova Scotia to manage offshore oil and gas resources adjacent to Nova Scotia. [1]

Contents

Background

In 1979, oil was first discovered off the coast of Newfoundland and Labrador. [2]

The Pierre Trudeau government proposed that "Newfoundland should enjoy the major share of the revenue that offshore resources are expected to generate" in 1983. [3]

Implementation

Canada–Nova Scotia Offshore Petroleum Resources Accord Implementation and Offshore Renewable Energy Management Act
Parliament of Canada
  • An Act to implement an agreement between the Government of Canada and the Government of Nova Scotia on offshore petroleum resource management and revenue sharing, to provide for the joint management of offshore renewable energy by those Governments and to make related and consequential amendments
CitationSC 1988, c 3
Assented to1988-07-21
Status: In force (amended)
Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation and Offshore Renewable Energy Management (Nova Scotia) Act
Nova Scotia House of Assembly
  • An Act to implement an agreement between the Government of Canada and the Government of Newfoundland and Labrador on offshore petroleum resource management and revenue sharing
CitationSNS 1987, c 3
Status: In force (amended)

The agreement established the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB). [4]

In 2005, the federal and provincial governments signed an agreement to amend the Accord legislation. [5]

In 2007, the federal government reneged on the agreement, under Stephen Harper through changes made to the equalization payments. [5] A federal Nova Scotial MP was forced to leave the Conservative caucus for voting against the budget bill which made these changes to the federal legislation for the accord. [6]

In 2023, the federal government and the provincial government announced changes to the agreement, which would mean that offshore renewable energy would fall under the agreement. [7] The amendments to the federal legislation were mde under Bill C-49 which received royal assent in October 2024. [8] The legislation changed the name of the petroleum board to Canada-Nova Scotia Offshore Energy Regulator. [9]

References

  1. ↑ Department of Finance Canada (2000-01-01). "Nova Scotia Offshore Arrangements". www.canada.ca. Retrieved 2025-05-01.
  2. ↑ "The 1979 oil discovery that could change St. John's". CBC Archives. 2019-10-20. Archived from the original on 2019-10-21. Retrieved 2025-05-01.
  3. ↑ "Why Williams walked, why Martin balked: the Atlantic Accord dispute in perspective". Policy Options. Institute for Research on Public Policy. 2005-02-01. Archived from the original on 2024-11-12. Retrieved 2025-05-01.
  4. ↑ "Canada-Nova Scotia Offshore Petroleum Board - Oil and Gas Activity - CNSOPB - Vector data (SHP) - Open Government Portal". open.canada.ca. 2024-07-02. Archived from the original on 2025-05-01. Retrieved 2025-05-01.
  5. 1 2 "Offshore deal 'monumental': Williams". CBC News. 2005-01-29. Archived from the original on 2025-05-01. Retrieved 2025-05-01.
  6. ↑ Galloway, Gloria (2007-06-06). "Tory MP kicked out of caucus over budget vote". The Globe and Mail . Archived from the original on 2020-11-12. Retrieved 2025-05-01.
  7. ↑ Mercer, Juanita (2023-05-30). "'A big day': Atlantic Accord amendments would enable offshore wind farms in Newfoundland and Labrador and Nova Scotia". PNI Atlantic News. Archived from the original on 2025-05-01. Retrieved 2025-05-01.
  8. ↑ Foxwell, David (2024-10-04). "Canada passes legislation to seize offshore wind's "enormous opportunity"". 2025-05-01.
  9. ↑ Withers, Paul (2023-05-30). "Canada unveils plan for regulating offshore wind energy projects in Atlantic Canada". CBC News. Archived from the original on 2023-06-01. Retrieved 2025-05-01.
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