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ARTICLE · 20 JULY 2023

Significant Amendments Announced To The Accord Acts

The primary purpose of the proposed amendments is the expansion of the Boards' authority over offshore renewable activities.

CanadaEnergy and Natural Resources

The Governments of Canada and Newfoundland and Labrador have announced the most significant amendments to the Atlantic Accord legislation since 1987, introducing new regulatory powers over offshore renewable projects and changing elements of the regulation of offshore petroleum interests, that may have long term implications for the industry.

Bill C-49

In late May, Canada announced and had First Reading in the House of Commons of Bill C-49, legislation to amend the federal Newfoundland and Labrador and the Nova Scotia Atlantic Accord implementation acts (each province has its own mirror version of these acts, but the required mirror amendments have not yet been announced). The introduction of these amendments by Canda follows through on commitments first announced in April 2022 to expand the mandates of the Canada – Newfoundland and Labrador and Canada – Nova Scotia Offshore Petroleum Boards to include new offshore renewable energy projects (primarily at this

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