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Thursday, November 21, 2024
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New StatsCan data reflects steady decline in Newfoundland’s offshore oil production

Newfoundland and Labrador’s GDP from oil and gas extraction fell by more than 10 per cent in 2022, compared with increases in Alberta and Saskatchewan.

Environment Minister Steven Guilbeault, seen here on April 20, approved the controversial Bay Du Nord offshore oil project one year ago. If the project survives a legal challenge from environmental groups, it will be at least five years before the first oil starts flowing. The Hill Times photograph by Andrew Meade
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May 2, 2023
News | BY KEVIN PHILIPUPILLAI | May 2, 2023

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