Advantest Aktie
WKN DE: A0KE8F / ISIN: US00762U2006
20.10.2017 23:40:00
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Comments on New Regulations on Hydrocarbons - The Quebec Oil and Gas Association (QOGA) supports extending the deadline
QUÉBEC, Oct. 20, 2017 /CNW Telbec/ - The Quebec Oil & Gas Association applauds the government's decision to extend the comments period for the new regulations. These regulations, the first modern ones in Quebec governing oil and gas, are very strict. Our Association believes it is appropriate to seek constructive input to make sure they are as effective as possible from the very beginning.
In response to the Minister's comments, we repeat our message that industry has long embraced the principle of local acceptability. We have adopted the Green Book for our recommended best practices. In the stepwise approach taken by the government and supported by industry, we have emphasized that local acceptability is a key part of the process and a prerequisite for a successful project.
We agree with the principle that local municipalities should be thoroughly consulted on the regulations. This is another reason we support the extension of the comment period. We are also strong supporters of revenue sharing with municipalities. In almost all jurisdictions, both internationally and in Canada, local municipalities have a right to a share of revenue, and of course, so should Quebec municipalities.
We look forward to continuing to work closely with communities and the government to create a healthy industry that is environmentally safe and welcomed by communities.
SOURCE QUEBEC OIL AND GAS ASSOCIATION (QOGA)

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