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ICYMI: Important statements related to clean growth in yesterday’s budget speech

In case you missed it, yesterday’s budget speech included a number of references of interest for Newfoundland and Labrador’s the clean technology and environmental services sector. These included:

On Oil and Gas:

“Offshore Newfoundland and Labrador projects are already among some of the lowest carbon intensity emitting oilfields in the world. Global energy companies focused on environmental sustainability are increasingly interested in this low greenhouse gas production.”

On the Atlantic Loop:

“By continuing to work with our federal and provincial partners on the Atlantic Growth Strategy and through development of the Atlantic Loop, this province can be a clean energy leader as the Government of Canada advances towards its greener future.”

On the Energy Transition

“At this time of transition, we are perfectly positioned to be the green battery that powers Eastern Canada and beyond – particularly through the opportunities afforded us by lower carbon oil, and hydroelectric potential.”

“This year, we are contributing $100,000 towards Memorial University’s Harris Centre’s Climate, Economy and Society Initiative, which will explore how we address climate change as we recover from the impacts of COVID-19”

On Forestry:

“In rural areas, forestry is a driver of economic activity contributing to more than 5,000 direct and indirect jobs. It is a sector that is valued at approximately $380 million. We are seeing increased innovation through the introduction of a new forestry biomass program to switch from fossil fuels to alternate fuels.”

On Buildings:

“In 2020, we will continue to transition more public buildings to clean electricity, including education and health care facilities, by investing $14.1 million.”

Click here to view and read the speech in its entirety.

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