Sara Mahaney & Dan Watt in Decentralized Energy Canada Newsletter | Charting a Course for Good Governance of Canada’s Emerging Ocean Economy
October 31, 2017
By Daniel Watt, Partner at McInnes Cooper,
Sara Mahaney, Former Lawyer at McInnes Cooper
Atlantic Canada is at a turning point. Global trends point to the oceans figuring more prominently in meeting the foreseeable food and energy needs of the growing global population and warming planet. Building on its historical oceans expertise, Atlantic Canada is well-positioned to take advantage of the emerging opportunities and create a globally competitive ocean and marine resources industry and associated innovation ecosystem. But this requires robust and comprehensive regulatory regimes for the development of new ocean resources. We propose new regulatory regimes for Atlantic Canada’s ocean resource activities, focusing on the aquaculture and ocean-based renewable energy industries. Though vastly different activities, both are poised for growth and offer Atlantic Canada tremendous opportunities – and both are hindered by the absence of regulatory conditions permitting their safe and sustainable development outside provincial territory. In their article, Charting a Course for Good Governance of Canada’s Emerging Ocean Economy, as published in the Decentralized Energy Canada (DEC) October 2017 Newsletter (at page 13) (PDF), McInnes Cooper Energy & Natural Resources Lawyers Sara Mahaney and Dan Watt propose both the aquaculture and ocean-based renewable energy industries can best be developed through a comprehensive and responsive regulatory regime based on the joint federal-provincial system that has successfully governed Atlantic Canadian offshore oil and gas activities for the last several decades.
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