Canada - N.L. need to address oil royalties, expert says
Government yet to explain how it will meet Law of the Sea requirements
“The party that’s responsible for making this payment is not Newfoundland and it’s not Statoil. It’s Canada.”
Lawyer Wylie Spicer
BY ASHLEY FITZPATRICK
afitzpatrick@thetelegram.com
THE TELEGRAM
BUSINESS
Given talk of an oil development in the Flemish Pass Basin, Newfoundland and Labrador needs to consider international royalty requirements for oil pumped in those distant waters.
More specifically, it needs to settle with the Government of Canada on...
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