From more seismic to new training programs, Liberals betting heavily on natural resources

From CBC News
The following text was excerpted from the media outlet cited on April 17, 2019 and is provided to Noia members for information purposes only. Any opinion expressed therein is neither attributable to nor endorsed by Noia.

Budget 2019 includes $112 million for equity stake in Bay du Nord oil project

With millions budgeted for everything from equity investments to offshore seismic work to new training programs, Newfoundland and Labrador's Liberal government is continuing to bet heavily on the natural resources sector.

And making zero apologies for doing so, amid a clarion call about the dangers of climate change and the burning of fossil fuels.

Budget 2019-20 was presented Tuesday in the House of Assembly, laying out a road map for growth in oil and gas, and mining.

Both sectors employ thousands of people and contribute billions to the province's fragile economy.

But these investments won't come cheap.

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