Oil and gas companies give up rights to West Coast offshore permits

Fossil Energy – Offshore Permits

The last offshore oil and gas permits for Canada’s Pacific coast have been retired, the Canadian Government announced on February 21.

Chevron Canada voluntarily ceded 23 offshore oil and gas permits, the last in existence on the B.C. coast, Energy and Natural Resources Minister Jonathan Wilkinson said at a Victoria press conference.

Natural Resources Canada has now officially secured the surrender of all 227 permits involving historical offshore oil and gas rights along the Pacific coast, which has been under a federal moratorium on offshore oil and gas activity since 1972.

Original Source: https://ocean-energyresources.com/2024/02/23/oil-and-gas-companies-give-up-rights-to-west-coast-offshore-permits/