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Today’s Date

Friday, Apr 3rd, 2020

Noia Calls on Federal Government to Ensure NL Maintains Fraser Institute Ranking

St. John’s, NL  Newfoundland and Labrador now ranks as the most attractive Canadian jurisdiction for oil & gas investment and the fourth most attractive jurisdiction worldwide this year, cites the annual global survey of petroleum-sector executives released today by the Fraser Institute, an independent, non-partisan, Canadian public policy think-tank.

“Newfoundland and Labrador has world class resources that are comparable to oil & gas jurisdictions such as Norway, the UK and the Gulf of Mexico,” said Andrew Bell, Chair of Noia’s Board of Directors. “While we are very pleased to see these results, Noia is calling on the Federal Government to ensure that this ranking does not fall due to proposed legislative changes to the environmental assessment process and other over-regulation that only impedes timely development of our offshore oil and gas resources.”

The full news release is available at:

https://www.noia.ca/wp-content/uploads/2020/02/global-petroleum-survey-2017-canada-newsrelease.pdf