Overview

• Canada has secured the surrender of all remaining permits for oil and gas development off its Pacific coast, marking a major environmental milestone.
• The move comes after Chevron Canada voluntarily relinquished 23 permits, with ExxonMobil also giving up permits last year.
• The federal moratorium on oil and gas exploration off the Pacific coast has been in place since 1972, but permits issued before then remained valid.
• The relinquishment of these permits is seen as crucial for the permanent protection of the region's marine ecosystems.
• Efforts towards decarbonization and conservation initiatives led by First Nations have played a significant role in achieving this outcome.