Regulatory shift could ease offshore ban

摘要

Calgary—Developing a joint regulatory structure that involves both the federal Canadian and the provincial government of British Columbia could be the first step towards lifting a 40-year moratorium on oil and gas activities in offshore British Columbia, an industry official said November 9. ”Risks associated with exploiting the [offshore] resources could be minimized if a strong, world-class regulatory regime is in place,” Joel Wood, senior research economist with Calgary-based Fraser Institute said.