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. |
|
Type of transfer payment |
2016–17 Forecast spending |
2017–18 Planned spending |
2018–19 Planned |
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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