Study looks at socio-economic impact of offshore oil and gas industry in Newfoundland and Labrador

A newly-released study exploring the socio-economic impact of the offshore petroleum industry over a three-year period from 2015-17 offers a clear snapshot of how much it contributes to Newfoundland and Labrador’s prosperity.  But while the numbers remain big, they’re also in decline when assessing both the direct and indirect impact the industry is having on the province. Funded by Petroleum Research Newfoundland and Labrador (PRNL), a non-profit organization supported by big oil companies operating in the province, the study confirms the industry is still an essential element to gross domestic profit. >click to read<14:36

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