Placentia Bay is Newfoundland's largest bay and presents a range of management challenges. Historically, valuable fisheries in the area have supported the existence of numerous coastal communities. It also has long been recognized as an area of expanding marine transportation and coastal development. In the early 1990's, the Public Review on Tanker Safety and Marine Spills Response Capability identified Placentia Bay as the Canadian marine area with the highest potential for an oil-related environmental accident.
The Placentia Bay Integrated Management project began in 2000 as a Fisheries and Oceans Canada/Government of Newfoundland and Labrador partnership in response to the recommendation that Placentia Bay has the need for a coastal management plan. An Integrated Management Plan was created by the stakeholders on the Placentia Bay Integrated Management Committee and it reflects their desire to maintain the ocean and coastal waters of Placentia Bay for the benefit of all its users.