The potential of the British Columbia offshore region is largely unknown, due to a moratorium on oil and gas activities that has been imposed by both the federal and provincial governments since 1972. The moratorium was imposed due to concerns regarding interference with fishery activities and the concerns of adverse environmental impacts. However, interest in the area remains high. While there have been no significant discoveries, there are areas within the British Columbia offshore region that are considered to be highly prospective. In 2003, the federal government initiated a scientific review, a public review process and a First Nations engagement process. The scientific panel found some scientific gaps needed to be filled prior to lifting the moratorium. Strongly held and widely polarized views were identified in the public review, and all participating First Nations expressed the view that lifting the moratorium would not be in their best interest, although some qualified their response with “not at this time”. In the 2007 BC Energy Plan, the government of British Columbia committed to offshore oil and gas exploration and development, and asked the federal government to lift the moratorium. The BC government indicated the provincial moratorium would be lifted at the same time. As of August 2012, the moratoria were still in place.
Additional posts from the blog
On April 8, 2014, Canada’s government introduced Bill S-4, the Digital Privacy Act, in the Senate. Bill S-4 is the federal government’s latest attempt to reform the federal Personal Information Protection and Electronic Documents Act (“PIPEDA”). It would be a mistake to say that it is largely recycled from the government’s last attempt to reform PIPEDA in 2011 through Bill C-12, which died on the order paper. Here’s what’s different, what’s been dropped, and what seems to be largely the same. Caveat: This is a first read!
Lean times may call for lien measures – What you need to know about miners’ liens in Northern Canada
Given the present economic climate of falling metal prices and depressed equity markets for mining companies, many owners and operators of mines are experiencing cash flow and working capital shortages. As a result, contractors and others who provide services or materials to mines, whether in the exploration, development, or production phases of such projects, are increasingly looking to miners lien legislation to help them increase their leverage when seeking payment of outstanding accounts.
In 2009, the CRA commenced a broad review of the non-profit organization sector. You or your clients may have received a CRA questionnaire asking that the NPO provide information or documents in respect of its structure, activities, bylaws, finances, and membership.