ABSTRACT
The international press has heralded the new age of Arctic resource development. Arctic nations are optimistic about the prospects for resource development in the north. The governments of Arctic nations and major resource producers may view potential resource development positively in terms of additional jobs, revenues, and profits. Resource revenue regimes describe the fiscal rules of the game for resource production. In the north most subsurface resource rights are in public hands, and public ownership of natural resources remains the norm. Revenue regimes will reflect the attitude of northern government to resource ownership. Resource regimes are often characterized by the fiscal tools used by governments to capture resource rents from resource production. In Canada natural resources are primarily the responsibility of the provincial governments. If communities decide they want to see resource development occur, they have to know how decisions that they make concerning resource development will affect whether senior governments and industry proceed with production.
