Atlantic Accord - Memorandum of Agreement between the government of Canada and the government of Newfoundland and Labrador on offshore. Country/Territory Canada Document type Miscellaneous Date 1985 Source FAO, FAOLEX Subject Energy, Mineral resources Keyword Sub-national agreement Oil Institution Contract/agreement Policy/planning Enforcement/compliance Geographical area Americas, Arctic, Asia and the Pacific, East Pacific, North America, North Atlantic Abstract The Government of Canada and the Government of Newfoundland and Labrador have reached an Accord on joint management of the offshore oil and gas resources off Newfoundland and Labrador and the sharing of revenues from the exploitation of these resources. The purposes of this Accord are, inter alia, to: a) provide for the development of oil and gas resources offshore Newfoundland for the benefit of Canada as a whole and Newfoundland and Labrador in particular; b) protect, preserve, and advance the attainment of national self-sufficiency and security of supply; c) recognize the right of Newfoundland and Labrador to be the principal beneficiary of the oil and gas resources off its shores, consistent with the requirement for a strong and united Canada. Section 3 establishes that the two parties agree to establish the Canada-Newfoundland Offshore Petroleum Board to administer the relevant provisions of the Canada-Newfoundland Atlantic Accord Implementation Act. Full text English Website www.gc.ca References - Legislation Implemented by Newfoundland Offshore Petroleum Installations Regulations (SOR/95-104). Legislation | Canada | 1995 (2014) Keyword: Oil, Exploration, Enforcement/compliance, Authorization/permit Source: FAO, FAOLEX Newfoundland Offshore Area Petroleum Geophysical Operations Regulations (SOR/95-334). Legislation | Canada | 1995 (2014) Keyword: Oil, Exploration, Enforcement/compliance, Authorization/permit Source: FAO, FAOLEX Newfoundland Offshore Area Registration Regulations (SOR/88-263). Legislation | Canada | 1988 (2014) Keyword: Oil, Registration, Royalties/fees, Enforcement/compliance Source: FAO, FAOLEX Newfoundland Offshore Area Oil and Gas Operations Regulations (SOR/88-347). Legislation | Canada | 1988 (2014) Keyword: Oil, Exploration, Enforcement/compliance, Authorization/permit Source: FAO, FAOLEX Canada-Newfoundland Atlantic Accord Implementation Act (S.C. 1987, c. 3). Legislation | Canada | 1987 (2017) Keyword: Sub-national agreement, Oil, Institution, Contract/agreement, Policy/planning, Enforcement/compliance, Indigenous peoples Source: FAO, FAOLEX