Carney says Bay du Nord is ‘very attractive’ after meeting Equinor officials in Norway
Prime Minister Mark Carney called the Bay du Nord Project ‘very attractive’ following meetings with energy companies on Saturday morning in Norway.
The Prime Minister said he met with Norwegian energy company Equinor Saturday morning to talk about the proposed Bay du Nord oil project off the coast of Newfoundland.
“One of the conversations I had today was with Equinor about Bay du Nord, which is a very attractive project off Newfoundland which we look to move forward.”
“That will provide additional, not in the short term but in the medium term — again, very low carbon oil in terms of production and transportation, which is one of the reasons why it’s attractive,” Carney said.
Equinor says they have an estimated initial investment of $14 billion in the Bay du Nord project.