ExplorationA Canadian moratoriumon oil and gas exploration on the Georges Bank off Nova Scotia has been extended until yearend 2012. Ottawa and the provincial government said the area is one of the most productive fishing grounds in the world. The original moratorium was established in 1988 and was to expire Jan. 1, 2000. The US government has already extended to 2012 the moratorium on the 80% of the area that it controls. In 1995, an independent panel set up by the two Canadian government bodies consulted with the petroleum industry, fishermen, environmentalists, and other interests before deciding to extend the ban on exploration; the petroleum industry contends that fishing and oil and...

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