CAPP Statement: Delay in Environmental Assessment Decision on the Bay du Nord Project
March 4, 2022, St. John’s, Newfoundland and Labrador
It causes significant concern to see another delay in the decision to approve the environmental assessment of the Bay du Nord project, particularly after a four-year, evidence-based environmental review process which found the project to be environmentally sound. Canada must find a path forward to build major projects that are environmentally responsible, create desperately needed jobs and develop critically important energy infrastructure while working to reduce emissions.
Bay du Nord has the potential to produce some of the lowest carbon barrels of oil in Canada, create thousands of jobs and bring over $3.5 billion in revenue to the Government of Newfoundland and Labrador.
Canada is one of the few trusted, safe and reliable producers of oil and natural gas in the world. The Bay du Nord project offers an incredible economic opportunity for Newfoundland and Labrador and Canada, and a solution to meeting rising global energy demand with a responsible, secure source of energy. CAPP is calling on the federal government to approve the Bay du Nord project as soon as possible.
- Paul Barnes, Director, Atlantic Canada & Arctic