The Accord Acts legislation includes provisions to ensure that Nova Scotians and other Canadians are provided opportunities to benefit from petroleum activity that takes place in the Canada-Nova Scotia offshore area.
Learn more about Canada-Nova Scotia Benefits Plans in section 45 of the Accord Acts.
Benefits for Nova Scotians and Canadians
When it comes to operating in the Canada-Nova Scotia offshore area, we need to approve an operator’s Canada-Nova Scotia Benefits Plan prior to granting them an Activity Authorization to commence work.
Industrial benefits are the economic opportunities and benefits that arise from oil and gas activities in the Canada-Nova Scotia offshore area. We carefully review plans and monitor activities to confirm operators are complying with the requirements set out in the legislation and with the commitments that they have made in their Canada-Nova Scotia Benefits Plan.
We do not have the authority to set guarantees or targets for an operator to meet with respect to the participation of Nova Scotians and other Canadians in offshore activities. We are responsible for monitoring procurement and employment activities on an ongoing basis to ensure compliance with the legislation.
Learn more about the various regulatory requirements related to Industrial Benefits below.
Canada-Nova Scotia Benefits Plan
Operators submit a Canada-Nova Scotia Benefits Plan for review and approval prior to conducting activity in the Canada-Nova Scotia offshore area. The benefits plan must demonstrate to us how:
- Nova Scotian and other Canadian companies will be provided full and fair opportunity to compete to provide goods and services on a competitive basis
- Nova Scotia companies will be given first consideration for the supply of such goods and services (when they are competitive)
- Nova Scotians will be given first consideration for training and employment
Other items that must be addressed in a benefits plan include the development and implementation of an education, training and research program in the province related to oil and gas activity in the offshore area, as well as the establishment of a local office where appropriate levels of decision-making will take place.
We carefully review the benefits plan before an Activity Authorization is granted to confirm that the requirements as set out above are properly addressed.
Once an authorization is granted, we continue to monitor operators to confirm that the industrial benefits commitments they made in their benefits plan are being fulfilled. This includes contractors and subcontractors hired by an operator. We do this through audits of an operator’s processes, procurement and employment submissions, and reporting requirements.