The Quebec Government announced plans to ban shale gas fracking and tighten rules for energy exploration with new measures to ban drilling for oil and gas in 1-km zone around urban areas, including Montreal.
The Quebec Government announced plans to ban shale gas fracking and tighten rules for energy exploration with new measures to ban drilling for oil and gas in 1-km zone around urban areas, including Montreal.
Criterion Research reports that the Quebec Government is taking measures to further ban new oil & gas fracking operations within the province. The new measures were announced this week include an amendment to the Petroleum Resources Act which was passed in 2016.
The ammendment would ban drilling on 13 waterways in the province, drilling would not be allowed in a 1-km radius around urban areas & municipalities, in addition to “sensitive areas” which place limit drilling within 300 meters of private residence, 550 meters from schools, hospitals and public buildings and 200 meters from ecotourism sites.
Pierre Moreau, the minister of energy and natural resources, announced a series of new measures to regulate oil and gas exploration Wednesday afternoon in Quebec City.
The ban on fracking for shale gas, he said, would protect the low-lying Lower St. Lawrence region in particular.
Under the new measures, which will amend Quebec’s Petroleum Resources Act, passed in 2016, the government would also ban drilling for oil and gas in 13 waterways across the province. That includes the Lake of Two Mountains, Lake Memphremagog and the St. Lawrence River, Moreau said.
“The story of the energy transition is being written, and these rules on hydrocarbons are part of that,” Moreau said.
The Government will accept public comments for the net 45-days.
Source: Criterion Research
From The Traders Community Research Desk