Based on our offshore history, incentives for oil exploration come with a price, writes guest columnist Patrick Laracy. There appears to be a growing chorus in favour of offshore oil exploration incentives in the belief it will offset some of the stress currently facing the local industry. Based on our offshore history, incentives for oil exploration come with a price. This authority is coupled with the province's power in the Atlantic Accord to set the fiscal framework for any development. The Atlantic Accord Review Agreement of April 2019 was being negotiated at the same time that Bill 69 was being ushered through the legislative process.

Source: CBC News July 05, 2020 09:30 UTC