logo
Canada and Newfoundland and Labrador Move to Unlock Economic Potential of Offshore Wind

Canada and Newfoundland and Labrador Move to Unlock Economic Potential of Offshore Wind

Yahoo02-06-2025
ST. JOHN'S, NL, June 2, 2025 /CNW/ - The offshore renewable energy sector offers Canada a once-in-a-generation economic opportunity, with the global offshore wind market expected to draw $1 trillion in investments by 2040. Boasting the world's longest coastlines, exceptional wind resources and a highly skilled labour pool, Atlantic Canada is ideally situated to capitalize on this extraordinary opportunity for economic growth and job creation.
Today, the Government of Canada, in partnership with the Government of Newfoundland and Labrador, is pleased to announce the coming into force of legislation to enable the development of offshore renewable energy in Newfoundland and Labrador. This follows the passage of the federal Bill C-49 in October 2024 and Newfoundland and Labrador's mirror legislation, Bill 90, in March 2025.
The Government of Canada is committed to its strong history of joint management with the Governments of Newfoundland and Labrador and Nova Scotia and will work together with them to unlock the enormous potential of offshore renewable energy collaboratively and responsibly.
This is part of the federal government's plan to make Canada an energy superpower and build the strongest economy in the G7.
Quotes
"This powerful legislation will boost the already-strong role Newfoundland and Labrador plays in Canadian energy and delivers on our promise of harnessing the power of clean energy to open and diversify trading markets, create jobs and make Canada an energy superpower."
The Honourable Tim HodgsonMinister of Energy and Natural Resources
"The Government of Canada recognizes the important role Canada's vast ocean resources play in driving long-term economic growth and strengthening our future. This legislation unlocks significant opportunities for Newfoundland and Labrador, strengthening the province's position as a leader in clean energy, enhancing our energy sovereignty and creating more high-quality, sustainable jobs."
The Honourable Joanne ThompsonMinister of Fisheries
"This legislation is a significant step forward in allowing our province to move forward with the development of our province's offshore renewable energy as well as modernizing provisions relating to the offshore oil and gas industry."
The Honourable Steve CrockerNewfoundland Minister of Industry, Energy and Technology
"Offshore Newfoundland and Labrador has an abundance of energy, including lower-carbon oil, and significant potential for offshore wind development. Establishing joint management for offshore wind and modifying the land tenure system for offshore oil and gas development are positive steps forward as we address energy security and undertake nation-building projects."
Charlene JohnsonCEO, Energy NL
"The transition to the Canada-Newfoundland and Labrador Offshore Energy Regulator marks an exciting new chapter for our organization, and we look forward to the important work that is to be done."
Scott TessierCEO, Canada-Newfoundland and Labrador Offshore Energy Regulator
"The implementation of this legislation marks a pivotal step forward in unlocking the immense offshore wind potential off Newfoundland and Labrador's coast. It provides the regulatory clarity and collaboration needed to advance clean energy development, attract international investment and create sustainable jobs. With decades of expertise in ocean industries and a growing marine renewable energy supply chain, Atlantic Canada is well positioned to lead the way in building a thriving offshore wind sector that benefits local communities and contributes to Canada's emissions targets."
Elisa ObermannExecutive Director, Marine Renewables Canada
Quick Facts
This legislation establishes a joint management regulatory framework for offshore renewable energy development.
Bill C-49 includes amendments to the Canada–Newfoundland and Labrador Atlantic Accord Implementation Act (Atlantic Accord Act) that:
establish the framework to develop offshore renewable energy;
change the Canada-Newfoundland and Labrador Offshore Petroleum Board's name to the Canada-Newfoundland and Labrador Offshore Energy Regulator (C-NLOER);
expand the mandate of the C-NLOER to include the regulation of offshore renewable energy projects;
improve alignment between the Atlantic Accord Act and the Impact Assessment Act (IAA);
provide tools to support the Government of Canada's marine conservation agenda; and
modernize the land tenure regime for offshore petroleum development.
Associated Links
Powering Canada Forward: Building a Clean, Affordable, and Reliable Electricity System for Every Region of Canada
Government of Canada Nova Scotia Moving Forward to Seize the Enormous Economic Opportunities of Offshore Wind
Government of Canada Passes Legislation to Seize the Enormous Economic Opportunity Offshore Wind Presents for Nova Scotia and Newfoundland and Labrador
Building Offshore Renewables in Newfoundland and Labrador and Nova Scotia
Governments of Canada and Newfoundland and Labrador launch regional assessment to support future decisions on offshore wind projects in the province
Governments of Canada and Nova Scotia launch regional assessment to support future decisions on offshore wind projects in the province
The Offshore Renewable Energy Regulations Initiative
Canada Offshore Renewable Energy Regulations
Follow Natural Resources Canada on LinkedIn.
SOURCE Natural Resources Canada
View original content: http://www.newswire.ca/en/releases/archive/June2025/02/c4343.html
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

TERRAZZANO: Carney should listen to Canadians and cut bureaucracy
TERRAZZANO: Carney should listen to Canadians and cut bureaucracy

Yahoo

time26 minutes ago

  • Yahoo

TERRAZZANO: Carney should listen to Canadians and cut bureaucracy

Canadians know the federal bureaucracy costs too much and delivers too little. The federal government has added 99,000 bureaucrats since 2016. And it's not just the number of bureaucrats that ballooned; the cost did too. The bureaucracy cost taxpayers $40.2 billion in 2016, according to the parliamentary budget officer (PBO). The bureaucracy cost taxpayers $71.2 billion last year. That means the cost of the federal bureaucracy has increased by 77% since 2016. The good news for taxpayers is that Canadians want the federal government to cut the size and cost of the bureaucracy. In a Leger poll commissioned by the Canadian Taxpayers Federation, 54% of Canadians said they want the government to cut its bureaucracy. Just 4% of Canadians said the bureaucracy should increase, while 24% want to maintain the current size of the bureaucracy. The rest were unsure. Among Canadians with a firm opinion, two-thirds support cutting the size and cost of the bureaucracy. After Prime Minister Mark Carney's government announced a spending review, government union bosses were quick to fearmonger about potential savings. The Canadian Union of Public Employees promised to 'fight to defend against the devastating impacts that Mr. Carney's cuts will have.' The Public Service Alliance of Canada says government savings 'will hurt everyone in Canada who depends on vital public services.' But these scare tactics aren't convincing Canadians. Half of Canadians say federal services are worse now than they were in 2016, according to the Leger poll. That's despite the cost of the federal bureaucracy growing 77%. Only 11% of Canadians say federal services are better than they were in 2016, and most of those people acknowledge that services 'should be better.' This is a huge blow to the unions' spin. Government union bosses want people to think the sky will fall if bureaucrats get fired. But the government added 99,000 bureaucrats over the last 10 years and half of Canadians still say services are worse. After a decade of out-of-control bureaucratic hiring, cutting the cost of government through attrition doesn't go far enough. The Carney government must fire bureaucrats. The number of federal bureaucrats has increased 38% since 2016, while Canada's population grew by about 16%. There would be nearly 60,000 fewer federal employees had the bureaucracy grown in line with the population over the last decade. The average bureaucrat costs taxpayers $125,300 a year. That means taxpayers would save about $7 billion annually had the bureaucracy grown in line with the population. The government should also scale back the pay and perks of federal employees. That means ending taxpayer-funded bonuses. For starters, why are government employees getting bonuses? And why would an organization that is more than $1 trillion in debt think it has money for bonuses? Yet, the federal government has rubber-stamped more than $1.5 billion in bonuses since 2015, despite a report from the PBO that found that 'less than 50% of (performance) targets are consistently met.' Let's recap. The size and cost of the federal bureaucracy have spiralled out of control. Canadians want the government to cut the bureaucracy. And Canadians know that adding more government bureaucrats does not mean better services. Carney should listen to Canadians and cut the size and cost of government bureaucracy. Franco Terrazzano is the federal director of the Canadian Taxpayers Federation

Justin Trudeau Feels ‘Ambushed' by Katy Perry Dating Rumors, Says Source
Justin Trudeau Feels ‘Ambushed' by Katy Perry Dating Rumors, Says Source

Yahoo

timean hour ago

  • Yahoo

Justin Trudeau Feels ‘Ambushed' by Katy Perry Dating Rumors, Says Source

Justin Trudeau and dating rumors have been taking the internet by storm, especially after the pair dined together in Montreal. Even so, sources close to Trudeau insisted that the high-profile dinner was nothing but a friendly meal. A new report revealed that the swirl of dating rumors surprised the former Canadian prime minister. Justin Trudeau thought dinner with Katy Perry was just 'dinner,' says source Katy Perry and Justin Trudeau's dinner in Montreal did nothing but fuel their dating rumors. They dined together at Le Violon, one of Montreal's finest restaurants, even meeting the staff later to acknowledge their services. Though some onlookers described their dinner as intimate, and rumors of Trudeau keeping close to Perry emerged, restaurant staff and the reportedly chef told a different story. Those who greeted Perry and Trudeau at the restaurant claimed the pair did not have any PDA moments. Former celebrity publicist Rob Shuter told The Daily Mail, 'I've heard [Trudeau] feels a bit ambushed by all this.' Shuter added that while the pop singer saw the evening as a date, Trudeau had no such impression. 'He wanted tickets to her show and she invited him,' the former publicist explained, continuing, 'While that was going on, she invited him for dinner.' The source suggested the outcome may have been an unintended PR event for both. Publicist Natasha Koifman pointed out to CBC News that the very public nature of their meeting could have been strategic. 'I think it elevates both of their brands, for very different reasons, to be seen together,' she said, calling their dinner 'a really great brand and reputational move' for both parties. Additionally, Perry and Trudeau reportedly spent part of the evening walking one of Perry's dogs, and Trudeau later attended her Montreal concert with his daughter. Despite the headlines, neither Katy Perry nor Justin Trudeau has addressed the dating rumors publicly. Perry's friends were seemingly skeptical about the rumors, noting that she typically shares details of serious relationships more openly. As the speculations play out, both parties seem content to let the story run its course without public comment, leaving onlookers wondering about the nature of their relationship. The post Justin Trudeau Feels 'Ambushed' by Katy Perry Dating Rumors, Says Source appeared first on Reality Tea. Solve the daily Crossword

Katy Perry & Justin Trudeau's Romance Takes Dramatic Turn After Report She Was ‘Humiliated' by Orlando Bloom's Joke About Her New Man
Katy Perry & Justin Trudeau's Romance Takes Dramatic Turn After Report She Was ‘Humiliated' by Orlando Bloom's Joke About Her New Man

Yahoo

timean hour ago

  • Yahoo

Katy Perry & Justin Trudeau's Romance Takes Dramatic Turn After Report She Was ‘Humiliated' by Orlando Bloom's Joke About Her New Man

Moving on is complicated, particularly after a high-profile breakup and when you are in the middle of a tour. But what does that mean for Katy Perry's new relationship with former Canadian Prime Minister Justin Trudeau? For those of you who don't remember, Perry was recently seen dining with Trudeau in Canada, and he was later seen attending one of her concerts in Montreal, not long after the singer split from her longtime fiancé Orlando Bloom. Well, things have reportedly already 'cooled off' due to their busy schedules and Trudeau being uncomfortable with the spotlight that comes with dating someone of Perry's profile. Ironic, considering it's not like he didn't know before he went on that date with Perry. The Daily Mail reported Monday that their communication has 'waned in the past two weeks.' More from StyleCaster Orlando Bloom Seen on Cute Lunch Date After Report 'Humiliated' Katy Perry Is Considering Ending Their 'Friendship' Over Justin Trudeau Katy Perry & Orlando Bloom's Relationship 'Strained' Amid Reports Orlando 'Humiliated' Katy Over Justin Trudeau Romance Related: See who else Katy Perry has dated 'She's busy, he's busy,' an insider told the outlet. They apparently texted 'nonstop' in July. But 'they have a lot going on, and the newness has worn off.' However, there doesn't seem to be any hard feelings about it. 'There's nothing negative about it,' the insider added. 'They just aren't in constant communication anymore. That could change, but for now, it is what it is. It has cooled off.' Trudeau was reportedly not pleased with the attention his date with Perry got. 'I know for a fact that Justin wasn't thrilled about the pictures getting out,' the source said. 'It was a first date. A first date! And these pictures came out and it became this huge thing, which is not what he seems to have wanted.' The source added he was 'not prepared' for all the attention. 'It can be a lot and it can be overwhelming,' the source explained. 'They are interested in each other, but it will take a while to see where this goes,' a source had previously told People. 'She is traveling around the world, and he is figuring out his life now that he is no longer prime minister of Canada.' Right now, the two are reportedly just friends. 'She isn't ready to start dating anyone right now, she has to continue to focus on her healing from separating from Orlando,' the source said. In fact, the relationship between the two exes is said to be 'not great' and described as 'a bit awkward and strained,' according to Entertainment Tonight. It gets worse, OK! UK reportedly recently reported that Perry felt 'humiliated' after Bloom threw shade at her romance with Justin Trudeau by responding to an Onion article claiming there was now something going on between him and Angela Merkel with clapping emojis. 'Katy feels very let down and humiliated by Orlando, but she's also realising that he wasn't the right person for her. He's showing his true colours and it's really very hurtful and spiteful to her, especially as it probably means the end of any possible friendship with him in future,' the insider said. 'She hoped they'd both be mature after the break-up so she's feeling really disappointed.' Perry and Bloom split after nine years together in June 2025. They share one child, four-year-old Daisy Dove Bloom. Best of StyleCaster The 26 Best Romantic Comedies to Watch if You Want to Know What Love Feels Like These 'Bachelor' Secrets & Rules Prove What Happens Behind the Scenes Is So Much Juicier BTS's 7 Members Were Discovered in the Most Unconventional Ways Solve the daily Crossword

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store