The federal and provincial governments need to sort out a royalty regime for the areas of the seabed outside the 200 mile exclusive economic zone.
Wylie Spicer of McInnes Cooper has pointed this out in a new paper from the University of Calgary public policy school..
SRBP pointed this out in 2009, at the time of a significant discovery that might have commercial potential.
SRBP pointed it out again earlier this year when the notorious scoff-law Paul Davis said he wanted to get a development going outside the 200 mile limit without having publicly addressed the issue of the new royalty regime. He had started talking about a new royalty regime, apparently, but was keeping it a secret.
Maybe now that someone from Calgary has pointed out this deficiency someone will notice the problem and do something about it.
Maybe it is something one of the political parties in the province would like to bring up during the provincial election.
-srbp-
