June 18, 2015
Ottawa
Natural Resources Canada
The Honourable Greg Rickford, Canada’s Minister of Natural Resources, today announced the introduction of the Canada-Quebec Gulf of St. Lawrence Petroleum Resources Accord Implementation Act. This fulfills the Government’s commitment to introduce legislation to implement the Canada-Quebec Accord, signed in March 2011.
The legislation proposes that Quebec become the beneficiary of revenues, including royalties and many taxes and fees, derived from the development of oil and gas resources in the Gulf of St. Lawrence. The Act was developed in close collaboration with Quebec and complements mirror provincial legislation introduced by Pierre Arcand, Quebec’s Minister of Energy and Natural Resources and Minister responsible for Plan Nord, in the National Assembly last week.
The legislation introduced today is a central part of the Government’s plan to create jobs, economic growth and long-term prosperity in Quebec and across Canada. As part of its plan for Responsible Resource Development, the Government is ensuring that no resource project will proceed unless it is safe for Canadians and safe for the environment.
Greg Rickford
Canada’s Minister of Natural Resources
Media may contact:
Alexandra Lemieux
Press Secretary
Office of Canada’s Minister of Natural Resources and
Minister for the Federal Economic Development Initiative for Northern Ontario
613-996-2007
or
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Natural Resources Canada
Ottawa
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