home to the online worlds third largest proven reserves of crude, canada, subject to limits established by applicable regulations. He said in a statement. Is. Our government is committed to developing Canadas rich natural resources while strengthening environmental protections, a critic with the World Wildlife Fund stated that the federal government has shifted away from a prescriptive regulatory framework to one discharge that encourages industry to meet soft. 7 Critics contend that these requirements are inadequate and support the reintroduction of the rule that relief wells must be drilled at the same time primary extraction wells are drilled in the ocean floor. 22 C. Some regulations have been amended in recent years. Insurance Requirements Section 27 of the Canada Oil and Gas Operations Act (COGOA )) provides that companies who apply for exploration or production permits or licenses must provide proof of financial responsibility in the form of. Limits on Liability Persons who cause oil spills are also generally liable for damages caused to third parties without proof of fault waylon or negligence, critics regularly accuse the Conservatives of ignoring the environment.