Could it be possible that no bids were made as a result of proposed section 56 in Bill C-49? It's referenced in item (g) in the bill summary. I'll read from the bill summary just to make it simple. It says, “provide that the Governor in Council may make regulations to prohibit the commencement or continuation of petroleum resource or renewable energy activities, or the issuance of interests, in respect of any portion of the offshore area that is located in an area that has been or may be identified as an area for environmental or wildlife conservation or protection”.
On February 5th, 2024. See this statement in context.