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The Canada-Newfoundland and Labrador Offshore Energy Regulator concluded its final public review session on the Bay du Nord project in St. John's on Thursday. Feedback included support for long-term economic benefits alongside concerns over environmental risks. The regulator plans to issue recommendations to federal and provincial governments by the end of the year.
lovindublin.comCbc reported that public information sessions on the Bay du Nord offshore oil project concluded in St. John's on Thursday after earlier meetings in four other Newfoundland communities and two virtual sessions. The Canada-Newfoundland and Labrador Offshore Energy Regulator assessed public input on whether the development application meets requirements under the Atlantic Accord Acts, including offshore safety, environmental protection, resource management and industrial benefits.
C-NLOER CEO Scott Tessier said input to date reflects strong public interest and engagement. The project, located in the Flemish Pass Basin about 500 kilometres east of St. John's in roughly 1,200 metres of water, is projected to generate up to $6.4 billion in direct revenue to Newfoundland and Labrador in its first phase.
Equinor vice-president Jim Beresford told attendees the project represents decades of work ahead. He noted that Equinor became the 100 per cent owner earlier this week after BP sold its 37.2 per cent stake, and said the ownership change will not affect the timeline. Equinor plans a final decision on whether to proceed by early 2027.
Sierra Club Canada community organizer Spencer Scott raised questions about the project's environmental safety assessment during the session. Scott cited the assessment's acknowledgment that an oil spill could prove catastrophic to seabirds, sea turtles, cetaceans and other marine life depending on the season.
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