The moratoria on offshore oil and gas exploration have been in place in BC for several decades. It is now a very real possibility that these moratoria will be completely lifted, opening the door for exploration. The environmental and resource title issues surrounding lifting the moratoria are fairly well known. The promise of economic gain in the form of jobs and government royalties is weighed against those issues. Click on the link below to view an in depth report on the economic case for offshore oil and gas exploration in BC. Click on the link to the Report on Canadian Energy Production for an overview of energy production, including the offshore development on Canada’s east coast.
weblink: Offshore Oil and Gas Report • from: Offshore Oil and Gas • in detail XlnkS64E XlnkC18F1