Canada-Newfoundland Offshore Petroleum Board (Statutory)

Name of transfer payment program

Canada-Newfoundland Offshore Petroleum Board (Statutory)

Start date

1985-86

End date

Ongoing

Type of transfer payment

Contribution

Type of appropriation

Statutory authority

Fiscal year for terms and conditions

Not applicable

Link to department's Program Inventory

1.4 – Statutory Programs — Atlantic Offshore

Description

NRCan pays 50% of the operating costs of the Canada-Newfoundland and Labrador Offshore Petroleum Board. The province pays the other 50%. This is done pursuant to section 27 of the Canada-Newfoundland and Labrador Atlantic Accord Implementation Act. The funds are drawn from the Consolidated Revenue Fund. Approximately 80% to 100% of the Board’s operating budget is expected to be cost recovered and remitted to the government of Canada and the province of Newfoundland and Labrador on a 50-50 basis.

This transfer payment program does not have any repayable contributions.

Expected results

Payments to the Canada-Newfoundland Offshore Petroleum Board are pursuant to provisions of the Canada-Newfoundland and Labrador Atlantic Accord Implementation Act.

The Canada-Newfoundland Offshore Petroleum Board mandate centers on worker safety, environmental protection and safety, effective management of land tenure, maximum hydrocarbon recovery and value, and Canada-Newfoundland and Labrador benefits.

Fiscal year of last completed evaluation

Not applicable

Decision following the results of last evaluation

Not applicable

Fiscal year of planned completion of next evaluation

Not applicable

General targeted recipient groups

Joint federal-provincial board (independent regulator)

Initiatives to engage applicants and recipients

In respect of each fiscal year and pursuant to legislation, the Board is required to submit a budget request. Before the Canada-Newfoundland Offshore Petroleum Board proposes a budget for ministerial approval, NRCan officials engage with Board officials to understand the budgetary request and consult with provincial officials to understand their position.

Planning Information (dollars)

Type of transfer payment

2016–17 Forecast spending

2017–18  Planned spending

2018–19  Planned
spending

2019–20 Planned spending

Total grants

0

0

0

0

Total contributions

8,835,000

8,835,000

8,835,000

8,835,000

Total other types of transfer payments

0

0

0

0

Total program

8,835,000

8,835,000

8,835,000

8,835,000

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