Canada–Newfoundland and Labrador Atlantic Accord Implementation Act

Marginal note:Purpose

135.1 The purpose of this Part is to promote, in respect of the exploration for and exploitation of petroleum,

• (a) safety, particularly by encouraging persons exploring for and exploiting petroleum to maintain a prudent regime for achieving safety;

• (b) the protection of the environment;

• (b.1) accountability in accordance with the “polluter pays” principle;

• (c) the conservation of petroleum resources; and

• (d) joint production arrangements.