About Industrial Benefits

An important aspect of the Canada-Newfoundland and Labrador Offshore Petroleum Board's mandate is the administration of provisions in the Accord Acts relating to industrial and employment benefits from the development of oil and gas resources in the Newfoundland and Labrador Offshore Area for Canada in general and for the Province of Newfoundland and Labrador in particular.

The Board carries out this mandate by administering provisions related to industrial and employment benefits in Section 45 of the Atlantic Accord Implementation Acts.

The Acts require that before any work or activity is authorized in the offshore area, a Canada-Newfoundland and Labrador Benefits Plan must be approved by the Board. In general terms, a benefits plan must describe a plan for the employment of Canadians and, in particular, members of the labour force of the province; and for providing manufacturers, consultants, contractors, and service companies in the province and other parts of Canada with a full and fair opportunity to participate on a competitive basis in the supply of goods and services.