documents on a table with two people reviewing

Operator Financial Obligations

Operators must demonstrate to us that they are financially capable of acting in a responsible manner for the life of the proposed activity. For offshore renewable energy, this means that we need to be satisfied that they have the financial resources available to respond to a debris incident. This is a requirement that is set out in the legislation.

Renewable Energy Operator Financial Obligations

We make sure that an operator has the necessary proof of financial responsibility and resources before we can issue an authorization to work in the Canada-Nova Scotia offshore area. We review financial requirements applications submitted by an operator as part of our larger Activity Authorization review process. This review helps us ensure that an operator is able to act in a responsible manner for the life of the activity. If a debris incident happens, this ensures that an operator has the funds to pay for claims.