Canada Has Not Decided on Arctic Drilling Ban
Canadian Prime Minister Mark Carney clarified that recent federal funding does not signal a decision to lift the Arctic offshore oil and gas drilling moratorium. The policy remains under review amid calls for economic development from Northern leaders.
Insights:
Canada has not decided to lift its decade-long Arctic drilling ban, Prime Minister Mark Carney said on Tuesday, despite federal budget funding for northern resource governance. The funding allocation follows recent media reports suggesting the government was weighing an end to the offshore exploration moratorium. Northern leaders have pushed to open the region to fossil fuel extraction to build local economic self-sufficiency.
