Much-Debated $12 Billion Offshore Oil Project ‘Bay Du Nord’ Approved By Canada

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The environment minister of Canada approved a much-debated offshore oil project on Wednesday. It is expected to see about 300 million barrels of oil extracted in 30 years and set back the extraordinary efforts made to curb climate changes.

In a statement, Steven Guilbeault mentioned that the Norway-based company Equinor’s development of oil discoveries located in the Flemish Pass Basin, about 500 kilometres toward the east of St. Johns in Newfoundland, had been able to pass an environmental...

https://www.marineinsight.com/shipping-news/much-debated-12-billion-offshore-oil-project-bay-du-nord-approved-by-canada/

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