Newfoundland and Labrador approves $35 million to support offshore oil and gas, then strikes a new Net-Zero Advisory Council

The government of Newfoundland and Labrador announced the formation of a new Net-Zero Advisory Council in a press release on December 13.  The Council will focus on how to achieve the 2030 and net-zero targets through “ near term and foundational actions the government and others can take”.   The goal is “to grow the green economy, while considering a just transition and affordability. The Council will also advise on global trends to reduce greenhouse gas emissions and the importance and use of carbon sinks.”   The eight members of the Advisory Council are mainly from business and academic backgrounds, including  Newfoundland-born Angela V. Carter,  Associate Professor at University of Waterloo and author of Fossilized: Environmental Policy in Canada’s Petro-Provinces (UBC, 2020).  

This may prove to be a heavy lift for the Advisory Council, given the November announcement by the Newfoundland Premier that $35-million from the Newfoundland and Labrador Offshore Oil and Gas Industry Recovery Assistance Fund has been directed toward 26 projects connected to the offshore oil and gas industry. The investment is forecast to create or maintain a total of 230 jobs . A CBC article reports on the NDP criticism of the announcement, emphasizing the timing, just 10 days after the end of COP26. The article also quotes the  Newfoundland Premier’s sales pitch for Newfoundland offshore oil:  “We have an incredible product that is incredibly valued because of its low carbon footprint. It’s not landlocked and…we can deliver that to the world right now during this transition over time.” 

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