Updates
April 10, 2022: update on Newfoundland and Labrador.
Original Post
Previously posted:
Equinor - Canada - Bay du Nord oil project: $12 billion project.
- offshore; proposed by Equinor
- approved by Canada
- one wonders: would the US approve a $12 billion offshore oil project?
- my understanding: the US is not even approving leases for offshore projects already under development, but that needs to be fact-checked; that may be old news
Now, from Roy Johnston:
At $12 billioon, safe to say that Bay du Nord is Canada's first energy mega project sanctioned since LNG Canada.
Interesting to read comments at the link. Some folks are eternal pessimists.
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