These interests were tied to exploration licences issued by the federal government prior to devolution. It has been the policy of our government to hold companies doing business here to the terms they negotiated with the federal government. Future STL rental rates were not stated in the terms and conditions of the original call for bids documents issued by Canada prior to devolution. The GNWT would have been in a high-risk litigation.
Wally Schumann on Question 669-18(3): Significant Discovery Licences
In the Legislative Assembly on March 8th, 2019. See this statement in context.
Question 669-18(3): Significant Discovery Licences
Oral Questions
March 8th, 2019
Page 5304
See context to find out what was said next.