Ottawa to pick up the bill for Bay du Nord's international royalty paymentsNewsDuration 2:23The federal government is receiving plenty of credit for helping to get the benefits agreement between Newfoundland and Labrador, Equinor and BP across the finish line. As the CBC's Terry Roberts reports, Ottawa will assume all obligations under the United Nations Convention on the Law of the Sea — including picking up the tab for millions in international royalty payments.

Source: CBC News March 05, 2026 15:21 UTC