Despite heavy criticism by environmental activists, the Bay du Nord project is about to get the thumbs up from Prime Minister Justin Trudeau, “sources not authorized to speak publicly” tipped media..The federal government will make an official announcement after 4 p.m. ET after market closure, CBC reported..Bay du Nord is a $9.4-billion offshore oil drilling project proposed about 500 kilometres east of Newfoundland, run by Norweigan company Equinor..The project is to be located in the Flemish Pass and reserves are estimated to produce 300 million barrels of oil over time, with.200,000 barrels daily.. Feds to approve massive offshore drilling in the eastCourtesy of Equinor .This project will be the first offshore oil drilling going more than a kilometer underwater..Day du Nord will include a massive floating production, with storage and offloading vessels on site..Production could begin as soon as 2028..Environmental activists have denounced the Bay du Nord project as going against the federal climate goals..There has also been disagreement in Liberal cabinet on the production..Cabinet members from Quebec, Ontario and British Columbia were opposed to the approval, Radio-Canada reported in February..The Newfoundland and Labrador government has made it clear they are in favor of the project..Dave Mercer, president of Unifor Local 2121, the union representing offshore oil workers in Newfoundland and Labrador, said Bay du Nord is needed for economic development..“We’re not talking hundreds of jobs. We’re talking thousands of jobs. We’re not talking about millions of dollars, we’re talking about billions of dollars,” said Mercer on CBC..“We need that for our education. We need that for our healthcare system. We need that for going forward. We need that for just transition. We need that.”.Ewa Sudyk is a reporter with the Western Standard.,.esudyk@westernstandard.news
Despite heavy criticism by environmental activists, the Bay du Nord project is about to get the thumbs up from Prime Minister Justin Trudeau, “sources not authorized to speak publicly” tipped media..The federal government will make an official announcement after 4 p.m. ET after market closure, CBC reported..Bay du Nord is a $9.4-billion offshore oil drilling project proposed about 500 kilometres east of Newfoundland, run by Norweigan company Equinor..The project is to be located in the Flemish Pass and reserves are estimated to produce 300 million barrels of oil over time, with.200,000 barrels daily.. Feds to approve massive offshore drilling in the eastCourtesy of Equinor .This project will be the first offshore oil drilling going more than a kilometer underwater..Day du Nord will include a massive floating production, with storage and offloading vessels on site..Production could begin as soon as 2028..Environmental activists have denounced the Bay du Nord project as going against the federal climate goals..There has also been disagreement in Liberal cabinet on the production..Cabinet members from Quebec, Ontario and British Columbia were opposed to the approval, Radio-Canada reported in February..The Newfoundland and Labrador government has made it clear they are in favor of the project..Dave Mercer, president of Unifor Local 2121, the union representing offshore oil workers in Newfoundland and Labrador, said Bay du Nord is needed for economic development..“We’re not talking hundreds of jobs. We’re talking thousands of jobs. We’re not talking about millions of dollars, we’re talking about billions of dollars,” said Mercer on CBC..“We need that for our education. We need that for our healthcare system. We need that for going forward. We need that for just transition. We need that.”.Ewa Sudyk is a reporter with the Western Standard.,.esudyk@westernstandard.news
