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Cision Canada
a day ago
- Business
- Cision Canada
Canada and Newfoundland and Labrador Move to Unlock Economic Potential of Offshore Wind Français
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 Hodgson Minister 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 Thompson Minister 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 Crocker Newfoundland 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 Johnson CEO, 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 Tessier CEO, 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." Executive 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 Ac t (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
Yahoo
2 days ago
- Business
- Yahoo
Canada and Newfoundland and Labrador Move to Unlock Economic Potential of Offshore Wind
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:
India Gazette
4 days ago
- Business
- India Gazette
Uttar Pradesh Small Industries Corporation & India SME Forum launched the transformative Uttar Pradesh Niryaat Vriddhi Abhiyaan on May 30, 2025
HT Syndication Moradabad (Uttar Pradesh) [India], May 31: The Uttar Pradesh Small Industries Corporation (UPSIC), in collaboration with the India SME Forum, proudly announces the launch of the Uttar Pradesh Niryaat Vriddhi Abhiyaan (UPNVA) under the Raising and Accelerating MSME Performance (RAMP) scheme. This landmark initiative is poised to empower the first cohort of 500 Micro, Small, and Medium Enterprises (MSMEs) across the state, with a special focus on the handicrafts, and handloom sectors, home decor enabling them to become first-time exporters. The UPNVA is a comprehensive capacity-building programme designed to unlock the export potential of MSMEs in Uttar Pradesh. Going beyond conventional training, the initiative offers a structured three-phase approach that includes: - Hands-on learning and personalized mentorship - Expert guidance on product development, packaging, and branding - Support for joining international marketplaces and accessing buyer data - Assistance in leveraging e-commerce platforms and participating in global exhibitions - Navigation of government schemes tailored for first-time exporters By fostering innovation, sustainability, and global market readiness, UPNVA aims to build a thriving ecosystem of export-ready enterprises. The programme will equip MSMEs with critical knowledge of international trade, while also facilitating the creation of a robust buyer-seller network, ultimately driving economic growth and job creation throughout Uttar Pradesh. This initiative marks a significant step in realizing the state's vision of making Uttar Pradesh a hub for globally competitive MSMEs. Shri Alok Kumar, IAS, Principal Secretary of the Department of Micro, Small and Medium Enterprises (MSME), Government of Uttar Pradesh, highlighted the unprecedented emphasis being placed on the SME sector by both the Central and State Governments. Speaking at a recent industry event, Shri Kumar remarked, 'In my 30 years of public service, I have never witnessed such a strong and sustained focus on small and medium enterprises. This level of priority is truly remarkable and reflects a strategic shift in our economic development agenda.' He emphasized that the renewed attention to SMEs is aligned with global patterns of rapid economic advancement. 'If we examine any developed nation that has achieved significant progress within a span of 25 to 30 years, two key pillars stand out: a robust export ecosystem and a vibrant MSME sector. These two elements are deeply interconnected and mutually reinforcing,' he added. The Government of Uttar Pradesh continues to implement progressive policies and initiatives aimed at empowering MSMEs to compete at global level, become flag bearers of 'MADE IN INDIA', recognizing their critical role in job creation, innovation, and inclusive growth. Shri Raj Kamal, IAS, Managing Director of the Uttar Pradesh Small Industries Corporation Ltd, reaffirmed the state's commitment to empower Micro, Small and Medium Enterprises (MSMEs) under the visionary leadership of Hon'ble Chief Minister Shri Yogi Adityanath and the guidance of Principal Secretary Shri Alok Kumar. 'We are dedicated to creating a robust and supportive ecosystem for MSMEs in Uttar Pradesh, enabling them to expand their businesses and compete in global markets,' said Shri Raj Kamal. 'Equipping our entrepreneurs with essential knowledge of processes, techniques, and regulatory frameworks is key to ensuring their success on the international stage.' In this context, he emphasized the launch of the Uttar Pradesh Niryat Vriddhi Abhiyan, as a transformative initiative aimed at enhancing the export capabilities of MSMEs, with a special emphasis on the home decor, handicrafts, and handloom sectors. He said that 'Our vision through this campaign is to create an ecosystem for exporters and the aspiring youth inspired by them- wherein ifthey need support in design , guidelines, international partnerships, government clearances, or face any kind of challenge, they can approach us without hesitation and we will provide solution' . He highlighted that the UP MSME 1-Connect Portal ( is first of its kind one stop portal for the needs of MSMEs right from expert handholding, sector specific consultation, facility of incentive calculator, availability of sectoral DPR along with a specialized call centre(155343) available to address all the needs that you have and urged all the units to register themselves and avail benefits and services Vinod Kumar, President of India SME Forum, emphasized the strategic role of MSMEs in India's economic narrative: 'Exports are the engine of India's economic growth, and Uttar Pradesh, with its vibrant MSME sector, is a testament to this power. Approximately 45% of the state's total exports are contributed by MSME units, underscoring their pivotal role in driving both regional and national prosperity. As D2C and e-commerce exports open new global avenues, MSMEs from Uttar Pradesh are uniquely positioned to showcase their craftsmanship and innovation to the world. At India SME Forum, we are committed to equipping these enterprises with the skills, knowledge, and digital tools they need to lead India's export story and transform local ambition into global achievement.' A Panel session was organised on 'Ecosystem for exporters to boost exports', which was moderated by Sushma Morthania, Director General, India SME Forum, and the panellists were experts from DGFT, EXIM Bank, India Post, Export Promotion Council for Handicrafts, and Ship Global provided useful insights to MSME units. Another session on 'Enabling Globally Competitive Exports' where entrepreneurs such as Mr. Sanchit Gupta from Swati Menthol & Allied Chemicals Ltd., Mr. Amit Kumar Agrawal from Kumar Exports, Mr. Awadesh Agrawal from Shree Sai De Art, Mr. Naveen Sharma from Designer India and Ms. Sandhya Sharma from Shopping Over shared their success stories. This launch event has provided MSME attendees valuable networking opportunities, interactions with mentors from the export industry and government officials, and dedicated handholding support. For more information about the programme, please visit (ADVERTORIAL DISCLAIMER: The above press release has been provided by HT Syndication. ANI will not be responsible in any way for the content of the same)
Economic Times
24-05-2025
- Business
- Economic Times
Assam CM Himanta Biswa Sarma calls for collective efforts to realize vision of Viksit Bharat at NITI Aayog meet
Guwahati: Assam Chief Minister Himanta Biswa Sarma said that Assam government with an active support of the Central government led by Prime Minister Narendra Modi has taken comprehensive steps to transform the vision of Viksit Assam. ADVERTISEMENT Speaking at the 10th Governing Council meeting of the NITI Aayog on 'Viksit Rajya for Viksit Bharat @ 2047' in New Delhi , Sarma said, 'The pursuit of a Viksit Assam has long been a cherished aspiration of our people. The Prime Minister's vision of a Viksit Bharat presents us with an opportunity to transform that aspiration into reality and reclaim and rejuvenate the rich legacy of a prosperous Assam'. The Chief Minister said that guided by the vision of the Prime Minister, Government of Assam has embarked on a transformative journey, nurturing the ambitious goal of making India the second largest economy. From exports and innovation to digital infrastructure, from railways to rocket launches, India is scripting a new chapter of progress. He, therefore, called for collective efforts incorporating the strength, innovation and inclusive progress of each state to fulfil the vision of Viksit Bharat. Sarma said that before independence, Assam was a land of prosperity, with a per capita income higher than the national average. The state's premium tea exports had already gained global recognition. Assam enjoyed robust connectivity with the global economy—railway lines connected Dibrugarh to Chittagong by 1904, and the Brahmaputra served as a vital waterway linking Assam to ports like Chittagong. The state was firmly positioned as a hub of international the partition of India in 1947 severed these arteries overnight. Assam was left with only a narrow and vulnerable lifeline—the Siliguri Chicken Neck—connecting it to the rest of India. The Chittagong Hill Tracts, despite a population that was over 97 per cent non-Muslim, were awarded to East Pakistan. On August 15, 1947, Chakma leaders hoisted the Indian flag in Rangamati, hoping to join India. However, the allocation of Chittagong to East Pakistan dashed those hopes. Despite their appeals, Pandit Nehru declined to intervene. His tacit acceptance of this decision dealt a significant and lasting blow to the Northeast's access to global in 1971, during the creation of Bangladesh, Smt. Indira Gandhi had a historic opportunity to negotiate a broader and more secure geographical corridor to the Northeast. Despite her decisive leadership in securing Bangladesh's liberation, this moment too passed without seizing that strategic opportunity. These were pivotal junctures where bold leadership could have altered the trajectory of Assam and the Northeast. Instead, the region was let down by the political leadership of the time. ADVERTISEMENT Today, under the visionary leadership of the Prime Minister, Assam and other North Eastern states are no longer considered the prisoners of history. Assam is reclaiming its rightful role as a gateway to Southeast Asia reviving inland waterways, restoring connectivity and building infrastructure that will reposition Assam as a dynamic economic frontier of Viksit Bharat. To truly unlock the region's promise, the Chief Minister said, 'We must implement dedicated transport and logistics corridors, revival of inland waterways and critical railway infrastructure, freight subsidies and long-haul incentives for industries, affordable and reliable power with appropriate cost equalisation mechanisms'. ADVERTISEMENT He further said that Assam and the Northeast are not peripheral—they are strategic, economic, and cultural frontiers. They are the gateways to Southeast Asia, rich in human capital and opportunity. He, therefore, said, 'Let us correct the failures of past political vision with bold policy clarity today. Let us match the Prime Minister's commitment with institutional responsiveness, and replace inertia with action'.Sarma said that State government has taken decisive steps to build a prosperous, empowered and self-reliant Assam. He further said that the state currently boast of a robust Gross State Domestic Product (GSDP) of USD 68.7 billion, with a remarkable 19 per cent growth recorded in the last fiscal year and an impressive 17.8 per cent compound annual growth rate (CAGR) over the past three years. ADVERTISEMENT The Chief Minister said, 'We have identified several key sectors like tourism, textiles, pharmaceuticals, electronics, hydrocarbons, agriculture and infrastructure. We are also investing in future-oriented domains like new-age skills, green jobs and the circular economy'. Dr. Sarma on the occasion sought sustained guidance of the Prime Minister and cooperation of the Council to bring the vision of a Viksit Assam to life setting new benchmarks of progress and prosperity in the state.
Yahoo
16-05-2025
- Business
- Yahoo
Ukraine to receive $84 million from World Bank to restore homes damaged in Russia's war
Ukraine will receive $84 million from the World Bank to restore housing damaged in Russia's war, the Finance Ministry announced on May 15. On April 2, Prime Minister Denys Shmyhal announced that Ukraine will receive $432 million in funding from the World Bank to assist with the restoration of damaged during the war. The most recent funding is part of the World Bank's Housing Repair for People's Empowerment project (HOPE). "The HOPE project is aimed at addressing urgent and critical repair needs for partially damaged individual and multi-apartment residential buildings in territorial communities under the control of the Government of , which have suffered due to the aggression of the Russian Federation on Ukrainian territory," the Finance Ministry in its statement. 25,000 homes are expected to be repaired using the additional $84 million in funding from the World Bank. The funding was secured with the signing of a financing agreement between Ukraine and the International Development Association (IDA) on May 15. To date, the project has provided compensation to over 87,000 households for damages caused by Russia's war against Ukraine, the Finance Ministry said. Russian missile and drone attacks regularly strike civilian , including houses and residential buildings. Read also: Ukraine war latest: Zelensky sends delegation to Turkey, as peace talks with Russia are expected on May 16 We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.
