BAY DU NORD: TURNING GOOD NEWS INTO DISBELIEF

Guest Post by Agent 13

The decision by Equinor (formerly Statoil of Norway) and Husky Oil to further assess the feasibility of developing the Bay du Nord oil field, located some 500 km offshore in the Flemish Pass region, represents good news for the province. Unfortunately, the Ball Government turned what was a good news day on July 26, 2018 into one of disappointment and disbelief.  

That the provincial government thinks it is solvent enough, knowledgeable enough, or savvy enough to deal with one of those major oil companies — with their mixed portfolio of huge capital assets — is a prolongation of the same pretense that facilitated the reckless decision to sanction the Muskrat Falls project.