1.3.2.6

Description: 
Developing and proposing amendments to the Petroleum Resources Act
Lead Dept: 
ITI
Priority: 
1.3
Parent Commitment: 
1.3.2
Status: 
Fulfilled
Restructured COC: 
Economy and Environment
Number: 
6
Deputy Minister Committee: 
Economy and Environment
Background Information: 

ECONOMY, ENVIRONMENT AND CLIMATE CHANGE

Commitment 1.3.2

In order to advance the territorial vision of land resource management in accordance with the Land Use and Sustainability Framework, we will evolve our legislative, regulatory, and policy systems by:

  • Developing and proposing amendments to the Petroleum Resources Act

The 18th Legislative Assembly has committed to a comprehensive review of all resource management legislation that was mirrored from the Government of Canada through the Devolution process.

Petroleum Resources Act

The Petroleum Resources Act was inherited from the federal government as part of the Devolution Agreement.

The Government of the Northwest Territories is committed to improving our oil and gas legislative framework in accordance with the 18th Legislative Assembly’s priority for improved governance, and is initiating a review of the Petroleum Resources Act to address issues of regulatory certainty and clarity. These amendments will be introduced during the life of the 18th Legislative Assembly to increase transparency (milestones 1 and 2).

Related Mandate Commitments

  • Commitment 1.1.9 - We will develop a long-term strategy to attract oil and gas development in the territory.
  • Commitment 1.3.2 - In order to advance the territorial vision of land and resource management in accordance with the Land Use and Sustainability Framework, we will evolve our legislative, regulatory, and policy systems by:
    • Developing and proposing amendments to the Oil and Gas Operations Act
  • Commitment 5.2.4 - We will pursue an agreement with the federal government on the management of offshore resources.