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Accord between the Government of Canada and the Government of Yukon on Oil and Gas Revenue Sharing and Resource Management.

Country/Territory
Canada
Territorial subdivision
Yukon
Document type
Miscellaneous
Date
1993
Source
FAO, FAOLEX
Subject
Energy
Keyword
Sub-national agreement Natural gas Oil Policy/planning Legal proceedings/administrative proceedings Financing
Geographical area
Americas, Arctic, Asia and the Pacific, East Pacific, North America, North Atlantic
Abstract

The Parties have reached this Accord on the transfer of the administrative and legislative powers and responsibilities in respect of the management of Oil and Gas resources in the Onshore and the determination of revenues from the exploitation of these resources. In particular, the purposes of the Accord are: a) to transfer to Yukon the legislative authority in relation to the administration and control of onshore Oil and Gas resources; b) to provide that Yukon is a principal beneficiary of Resource Revenues from Oil and Gas resources in the Onshore; c) to provide for the immediate establishment of a Yukon Oil and Gas management regime in the Onshore; d) to provide for an Onshore Oil and Gas legislative regime; e) to provide full and fair opportunity for residents corporations and communities of the Yukon Territory and Canadians in general to compete for economic benefits arising from Oil and Gas activities.

Full text
English
Website
www.gc.ca

References - Legislation

Implemented by

Canada–Yukon Oil and Gas Accord Implementation Act (S.C. 1998, c. 5).

Legislation | Canada | 1998 (2003)

Keyword: Sub-national agreement, Natural gas, Oil, Policy/planning, Legal proceedings/administrative proceedings, Financing, Transport/storage, Royalties/fees, Enforcement/compliance

Source: FAO, FAOLEX