Canada is lagging behind other oil producers in tapping its offshore oil and gas resources because of the moratorium on drilling in its Arctic waters in place since 2016 and up for review in 2021, according to Paul Barnes, Atlantic Canada and Arctic director for the Canadian Association of Petroleum Producers (CAPP). In December 2016, Canada’s Prime Minister Justin Trudeau announced that Canadian Arctic waters are indefinitely off limits to new offshore oil and gas licensing, and this ban would be reconsidered every five years through a science-based…
