01 June 2012

NAFTA and Hebron #nlpoli

ExxonMobil and Murphy Oil have won a North American Free Trade Agreement appeal of a 2004 offshore board regulation that sets the amount of research and development money oil companies operating offshore must make in the province.

They filed the appeal in 2007

That means the oil companies will have to pay the much lower fixed amount for research and development accepted by the provincial government in the Hebron final agreement.