Archived - Part 3 – Various Measures: Division 14
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Mackenzie Gas Project Impacts Fund Act
Division 14 will repeal the Mackenzie Gas Project Impacts Act and replace it with the Mackenzie Gas Project Impacts Fund Act.
These provisions will preserve the structure and criteria of the fund should it become operational. It will also preserve the commitment to allocate up to $500M to the fund.
The provisions will result in the dissolution of the Corporation for the Mitigation of Mackenzie Gas Project Impacts, the Crown corporation established to administer the fund. As the Mackenzie Gas Project is not yet operational, neither the Crown Corporation nor the fund are active.
The Minister responsible for the Mackenzie Gas Projects Impacts Fund Act will be designated by the Governor in Council. The Minister of Finance will have responsibilities with regard to the requisition of resources to the fund.