Canada Petroleum Resources Act

Marginal note:Funds established

• 76 (1) There shall be established in the accounts of Canada

  • (a) an account under the administrative responsibility of the Minister of Natural Resources, to be known as the Environmental Studies Research Fund (NR), which shall include a sub-account for each prescribed region of frontier lands within the area under that Minister’s responsibility; and

  • (b) an account under the administrative responsibility of the Minister of Northern Affairs, to be known as the Environmental Studies Research Fund (IAND), which shall include a sub-account for each prescribed region of frontier lands within the area under that Minister’s responsibility.

• Marginal note:Purpose of Funds

  (2) The purpose of the Funds is to finance environmental and social studies pertaining to the manner in which, and the terms and conditions under which, exploration, development and production activities on frontier lands authorized under this Act or any other Act of Parliament should be conducted.