N.L., Equinor announce $6.8B offshore deepwater oil project

July 26, 2018 Canada

Newfoundland and Labrador and Equinor Canada have announced an agreement to develop the Bay du Nord oil project — the first remote, deepwater project in the province’s offshore. The province is buying 10 per cent of the project, which should bring in $3.5 billion in government revenues and will cost $6.8 billion to develop. “Today marks the global recognition of Newfoundland and Labrador as a preferred location for deepwater production,” said Premier Dwight Ball Thursday morning.,, Ball was joined by Natural Resources Minister Siobhan Coady and Unni Fjaer, a vice-president with Equinor Canada — previously known as Statoil. >click to read<14:17

Bay du Nord project, Dwight Ball, Equinor Canada, Equinor Canada — previously known as Statoil, Flemish Pass Basin, Natural Resources Minister Siobhan Coady, Newfoundland and Labrador, Unni Fjaer

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The New England groundfish debacle (Part III): who or what is at fault? Nils E. Stolpe/FishNet

It took me a while to decide how to most accurately describe the situation that has been visited upon the New England fishing communities that are and since colonial times have been dependent on the groundfish fisheries.

NILS STOLPE: The New England groundfish debacle (Part IV): Is cutting back harvest really the answer?

While it’s a fact that’s hardly ever acknowledged, the assumption in fisheries management is that if the population of a stock of fish isn’t at some arbitrary level, it’s because of too much fishing. Hence the term “overfished.” Hence the mandated knee jerk reaction of the fisheries managers to not enough fish; cut back on fishing. What of other factors? They don’t count. It’s all about fishing, because fishing is all that the managers can control; it’s their Maslow’s Hammer. When it comes to the oceans it seems as if it’s about all that the industry connected mega-foundations that support the anti-fishing ENGOs with hundreds of millions of dollars a year in “donations” are interested in controlling. Read the article here

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