Inuvialuit Regional Corporation, Canada, Northwest Territories and Yukon sign historic Western Arctic - Tariuq (Offshore) Accord
The Accord ensures that Inuvialuit, along with residents of Yukon and the Northwest Territories, are the primary beneficiaries of economic activity from any oil and gas development in their regions.
- The Accord ensures that Inuvialuit, along with residents of Yukon and the Northwest Territories, are the primary beneficiaries of economic activity from any oil and gas development in their regions.
- Once implemented in legislation, the Western Arctic – Tariuq (Offshore) Accord will establish an oil and gas co-management and revenue-sharing arrangement with the Inuvialuit Regional Corporation, the Government of the Northwest Territories, and the Government of Yukon, for the Accord area.
- The Government of Canada will collaborate with the parties to implement the Western Arctic – Tariuq (Offshore) Accord in federal legislation at the earliest opportunity.
- This accord is a positive step towards ensuring that the Northwest Territories will have direct involvement in important decisions that affect the Western Arctic – Tariuq (Offshore) alongside Canada, the Yukon and the Inuvialuit Regional Corporation."