The first of its kind in Canada, the deep-water oil project was 9 years in the process.
The Federal Conservatives are concerned over the shelving of the Bay du Nord project. The first of its kind in Canada, the deep-water oil project was 9 years in the process and received approval by the Canada Impact Assessment Agency. with 137 conditions. Clifford Small is the Conservative Shadow Minister for Fisheries, Oceans and the Canadian Coast Guard. He says the approval process took way too long and that made the cost go up. Small says a lot of the assessment was unnecessary. He says the project would have generated an estimated $14 billion in economic activity and 22 million employment hours for Newfoundland and Labrador.
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