The Government of Canada is working with partners to build a clean economy, advance economic reconciliation, support the energy sector, and ensure a just transition that creates jobs.
On 11 April, the governments of Canada and Nova Scotia jointly announced their intention to facilitate the transition to a clean economy by refreshing and expanding the mandate of the Canada-Nova Scotia offshore energy regime. Both governments also committed to further collaboration on establishing a competitive offshore renewables sector.
This has the ultimate goal of positioning Nova Scotia as a leader in offshore wind and clean hydrogen production.
In addition, the two governments agreed on updating the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB). They will do so by expanding its mandate to include the regulation of offshore renewable energy development in the Canada-Nova Scotia offshore areas.
Modernising the CNSOPB includes renaming the board to the Canada-Nova Scotia Offshore Energy Board (CNSOEB) to reflect its new mandate.
Therefore, the Canadian government plans to amend the CNSOP Resources Accord Implementation Act.
Recently, the country’s offshore oil and gas regulator Canada–Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) also said it will be changing its name to Canada-Newfoundland and Labrador Offshore Energy Board (C-NLOEB) to reflect the energy transition goals.