Legislation on the development of offshore wind energy in Newfoundland and Labrador has come into effect amid cross-country interest in building new energy projects.
Bill C-49 was adopted last October and came into effect this week after the province adopted mirror legislation in March. It amended previous legislation on offshore petroleum management and revenue sharing to add offshore renewable energy projects to the regulatory mandate, such as wind and hydrogen.
“This will boost the already-strong role Newfoundland and Labrador plays in Canada’s energy landscape, and on our promise of harnessing the power of clean energy to diversify trade, create jobs, and position Canada as a global energy superpower,” Energy and Natural Resources Minister Tim Hodgson said on social media….