Part of the national strategy on abandoned vessels that was announced as part of the oceans protection plan is precisely to look at owner-financed funds, both for large vessels and for small vessels. The modalities of doing that have yet to be determined, but discussions are under way with the provinces and territories and others about how best to set up those types of funds. It may well be a regulatory approach under this legislation, but that is still to be determined.
On February 26th, 2018. See this statement in context.