Offshore British Columbia
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. Currently, the moratoria were still in place.
Additional posts from the blog
The Government of Canada has announced that the majority of Canada’s Anti-Spam Legislation (CASL) will enter into force on July 1, 2014
The CASL regime is aimed at unsolicited commercial electronic messages (CEMs).
Canada’s first set of harmonized derivatives rules (trade reporting) published by three provinces: Ontario, Quebec and Manitoba
As mandatory reporting of OTC derivative contracts to trade repositories (TRs) (one of the G20 commitments) takes effect globally, the Ontario Securities Commission (the “OSC”), the Quebec Autorité des marchés financiers (the “AMF”) and the Manitoba Securities Commission (the “MSC”) on November 14, 2013, simultaneously published the first province-specific set of harmonized derivatives rules (the “Rules”) in Canada.
In this presentation, Dentons' Jeff Bastien, Andrea Raso and Dana Hooker discuss the appropriate ways to deal with employee absence.