Canada To Study Ban On Pacific Ocean Drilling

Friday, August 18, 2000
An environmental group has criticized a move by British Columbia to study the idea of having Ottawa lift a 28-year-old ban on offshore drilling along Canada's pristine Pacific coast. An area near the Queen Charlotte Islands is believed to hold one of Canada's largest natural gas deposits, and business leaders in coastal region have said a drilling ban should be lifted to help the area's beleaguered economy.

A report for the provincial government said there was enough public interest in the issue - especially in the effected area - that its future warranted examination.

Northern Development Commissioner John Backhouse, who had requested the study into public interest in the project, said he hoped to have review process under way by fall. Geologists have known for years there are potentially vast oil and natural gas deposits off British Columbia. Chevron Canada Resources, Shell Canada Ltd., and Petro-Canada Inc. have held drilling rights in the region since the early 1970s.

A 1998 Geological Survey of Canada report said data indicated there could be up to 9.8 billion barrels of oil and 1.2 billion cubic meters of gas, although geologists stressed economic factors will limit how much can be recovered.

Canada banned drilling on the Pacific coast in 1972. There was a movement in the mid-1980s to lift the ban, but that came to an abrupt end in 1989 when the wreck of the Exxon Valdez tanker polluted miles of Alaska coastline. Offshore drilling is allowed on Canada's Atlantic coast.

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Brent Crude Slips Towards US$102

Brent crude fell towards $102 a barrel on Tuesday on concerns of slowing oil demand growth due to weak economic recoveries in China and Europe, although new unrest

Aker Solutions Update on Company Hive-Off

Aker Solutions informs updated unaudited financial information for the two companies - the new Aker Solutions and Akastor - that will be formed following the split

Russia's Shipping Major Reports Strong 1H 2014

OAO Sovcomflot (SCF Group), Russia’s largest shipping company and a global leader in seaborne energy transportation and offshore services, has announced its financial

Environmental

Panama Canal Generates VER Carbon Credits

The Panama Canal Authority (ACP) informs it has certified Verified Emission Reductions (VERs) or carbon credits, within the framework of the Sustainable Forest

Fortum Buys Stake in Wave Power Startup

Finland's top utility, state-controlled Fortum, on Monday said it has acquired a 14 percent stake in Finnish wave energy developer Wello. Wello has developed

Cavernous Swiss Power Plant Undermined by Renewable Energy

Deep in a Swiss mountain, workers have blasted out a cathedral-sized hole for a power plant that will help keep Europe's lights on, but the profit outlook for the 1.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2138 sec (5 req/sec)