Northwest Territories Environmental Studies Research Fund: Funding Research in the NWT Related to the Petroleum IndustryWednesday, November 21, 2018 - 11:40 to 11:59 Theatre 3
The Northwest Territories Environmental Studies Research Fund (“NT-ESRF”) is now into its fourth year of operation. Authorized under the Petroleum Resources Act, the NT-ESRF provides financial support for environmental and social studies pertaining to exploration, development and production activities on petroleum lands. The petroleum industry provides the funding required to support this research and the administration costs of the NT-ESRF. Companies holding Exploration, Production and Significant Discovery Licenses in the NWT are assessed an annual levy based on acreage held within the Territory.
The NT-ESRF Management Board (“Board”) oversees operation and management of the fund. The Board is composed of representatives from government, industry and the public. Board Members are appointed by and serve at the pleasure of the Minister of Department of Industry, Tourism and Investment, Government of the Northwest Territories. The Board supports high-calibre research related to the petroleum industry and will continue developing cost-effective strategies for maintaining baseline monitoring programs across those areas of the NWT likely to see oil and natural gas development in the future. While wildlife and groundwater research are the current priority, funding has also been provided for innovative projects such as the Aurora Research Institute native seed initiative. Maintaining research programs that support fact based decision-making related to energy development, is an excellent investment in the future of the petroleum industry in the NWT.