CAPP Statement: 2020 Call for Bids Results in Newfoundland and Labrador

November 4, 2020,  St. John’s, Newfoundland

Today’s Call for Bids results in the Newfoundland and Labrador offshore reinforce the industry’s call for necessary action by governments to improve the region’s ability to attract investment. The parcels included in this bid round are considered to be high potential opportunities. While investment decisions can be impacted by a variety of factors including fiscal challenges and the pandemic, putting the right policies in place will help improve competitiveness of the Newfoundland and Labrador offshore compared to other jurisdictions and can result in new investment that will  protect and create jobs while producing many local benefits.

-Paul Barnes, Director, Atlantic Canada & Arctic