The board can cancel an interest for violation of conditions and refuse to issue an authorization. Bill C-49 has an additional provision with respect to cancellation of interest by ministers, as opposed to the board.
February 5th, 2024 / 4:50 p.m.
Chief Executive Officer, Canada-Newfoundland and Labrador Offshore Petroleum Board
The board can cancel an interest for violation of conditions and refuse to issue an authorization. Bill C-49 has an additional provision with respect to cancellation of interest by ministers, as opposed to the board.
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