Canada Global(Web News)Canada has secured the last remaining permits for oil and gas development off its Pacific coast.
, federal natural resources minister said, after Chevron Canada CVX.N voluntarily surrendered 23 permits this month, Energy and Natural Resources Minister Jonathan Wilkinson said the surrender of permits on Canada’s West Coast It is an important milestone for the sustainable protection of ecologically rich waters.
Although there has been a federal ban on oil and gas exploration off the Pacific coast since 1972, permits issued before that date were still valid. U.S. oil major Exxon Mobil XOM.N also gave up several permits last year.