Government and industry continue to make progress on encouragingresponsible development of Atlantic Canada’s offshore. The governments of Nova Scotia, Newfoundland and Labrador andCanada reported to the Atlantic Energy Roundtable that they arecommitted to renewing Canada’s offshore regulations over the nextfew years. They have also committed to act more quickly on the issue ofreducing drilling costs. The Canadian Offshore Regulation RenewalInitiative will bring government’s approach to regulation in linewith modern standards and internationally accepted best practice. Nova Scotia Energy Minister Cecil Clarke says the roundtable isshowing that government, industry and labour can work together toreach solutions. “The roundtable gives us an opportunity to turn the challengesthat face offshore development into a shared vision,” Mr. Clarkesaid. “In the case of the roundtable, we share a vision whereAtlantic Canadians benefit from new opportunities for prosperity,based on an offshore energy sector that’s sustainable, profitableand managed to the highest standards.” The roundtable also heard that a new proposal for regulatingseismic testing in Canada’s offshore is being released for publiccomment. Mr. Clarke said the proposal is a direct result of theroundtable’s efforts to improve regulatory efficiency. “NovaScotians will find that this proposal uses good science to ensureenvironmental responsibility during the search for new offshoreenergy resources,” Mr. Clarke said. “I believe that this proposalwill give all stakeholders the clarity they’ve been seeking inseismic regulation.” The Atlantic Energy Roundtable consists of representatives ofenergy departments from the four Atlantic provinces, severalfederal government departments, and from industry and labourinvolved in offshore energy development. It concluded its thirdsession in Halifax today, Feb. 19.