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Developing British Columbia's Offshore Resources Calgary

This speech from the throne in 2004 highlights the government's commitment to encourage scientific review and responsible action in response to offshore oil and gas opportunities in British Columbia. Various processes, perspectives, and principles are discussed, including the provincial and federal processes, the management and regulatory regime, environmental assessment, fiscal regime, First Nations involvement, and benefits for coastal communities. Detailed information can be found on the website of www.offshoreoilandgas.gov.bc.ca.

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Developing British Columbia's Offshore Resources Calgary

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  1. Developing British Columbia's Offshore Resources Calgary January 5, 2020 1

  2. “Your government will encourage the government of Canada to complete its scientific review and join with B.C. in responding to this truly exceptional offshore oil and gas opportunity with actions that are scientifically sound, environmentally safe and socially responsible.” - Speech from the Throne, 2004 January 5, 2020 2

  3. January 5, 2020 3

  4. January 5, 2020 4

  5. Provincial Process • British Columbia Offshore Oil and Gas Technology Update • Scientific Panel • MLA Offshore Oil and Gas Task Force January 5, 2020 5

  6. Offshore Team • Established in January 2003 to Enable Offshore Oil and Gas Development to Occur in British Columbia in a Scientifically Sound and Environmentally Responsible Manner January 5, 2020 6

  7. Federal Process • Review of Moratorium on Queen Charlotte Basin • Scientific Review by Royal Society • Public Review Panel • Aboriginal Engagement Process January 5, 2020 7

  8. Federal Process: Royal Society • Conclusions • Provided an adequate regulatory regime is in place, there are no science gaps that need to be filled before lifting the moratoria on oil and gas development • The present restriction on tanker traffic … should be maintained for the time being. January 5, 2020 8

  9. BC Perspective • Case for Advancement • National, Continental, Global Supply and Demand • Heartlands Strategy • Energy Plan • Coastal Economic Diversification • Sound Science January 5, 2020 9

  10. Pacific Accord – 1980’s • Principles of Draft Accord • Jurisdiction and Ownership Set Aside • Mirror Legislation • Arms Length Boards • Revenues/Royalties as if on Land • Principal Beneficiary Concept • Ministerial Veto Right for Fundamentals January 5, 2020 10

  11. Management and Regulatory Regime • Jurisdiction and Ownership Set Aside • Single Regime • Scientifically Sound and Environmentally Responsible • Factual Public Information January 5, 2020 11

  12. Regulatory Agency • Responsive, Accountable and Objective • Transparent, Predictable and Effective Rules • Performance Based, Non-Prescriptive • Single Window • Advisory Body? January 5, 2020 12

  13. Tenure Regime • Fair, Transparent and Predictable Transitional Arrangements for Existing Tenures • Tenure Regime to Encourage Timely and Responsible Development January 5, 2020 13

  14. Environmental Assessment • Effective, Timely and Coordinated Assessments of Proposed Activities • Offshore Industry Must Co-exist with Other Ocean Sectors • “No-Go” and “Conditional” Areas Identified Early January 5, 2020 14

  15. Fiscal Regime • Revenues as if On Land • Benefits to Local Communities • Fair Revenues from Public Resource • Fair Compensation for Losses (Fishery) • Encourage Private Sector Investment January 5, 2020 15

  16. First Nations • The Provincial Government Must Meet Its Obligations Regarding First Nations’ Rights and Interests • Work with First Nations on Community Information Needs • Role in Decision Making • Share in Benefits January 5, 2020 16

  17. Coastal Communities/Local Benefits • Contribute to Strong, Healthy and Vibrant Economy • Government Must Consider the Views of Coastal Residents • Support Innovation and Development in Marine and Leading Edge industries • Co-exist with Other Ocean Sectors January 5, 2020 17

  18. January 5, 2020 18

  19. www.offshoreoilandgas.gov.bc.ca January 5, 2020 19

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