Oil & Gas - Offshore Accord
Crown share
Nova Scotia expects to benefit from Crown share payments from Ottawa.
Based on Nova Scotia's share of past and future oil and gas projects, the province expects to receive more than $860 million.
Most of the money goes to reduce Nova Scotia's debt, with money also set aside for offshore energy R&D, protected lands and education.
For more information, visit crown share.
Background Information
Discussions Conclude Successfully on Offshore Accord, 2007
Premier Rodney MacDonald and Prime Minister Stephen Harper concluded discussions in October of 2007 that clarified and protected the principles and dollars expected over the life of the 2005 Offshore Accord. Read more here...