Legislation Paving the Way for Offshore Renewable Energy in Newfoundland and Labrador Takes Effect
New legislation aimed at developing offshore renewable energy in Newfoundland and Labrador is now in effect. Bill C-49 includes several amendments to the Canada-Newfoundland and Labrador Atlantic Accord Implementation Act (Atlantic Accord Act), including a plan to modernize the land tenure regime for offshore wind development.
"Newfoundland and Labrador has an abundance of energy, including lower-carbon oil, and significant potential for offshore wind development. Establishing joint management for offshore wind and modifying the land tenure system for offshore oil and...
To Read Full Story Login Below.