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Responsible Resource Development Helping Transform Jobs and Economic Prosperity in Newfoundland and Labrador

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR -- (Marketwired) -- 06/20/14 -- Natural Resources Canada

The Honourable Greg Rickford, Canada's Minister of Natural Resources and Minister for the Federal Economic Development Initiative for Northern Ontario, today delivered a keynote address at the Newfoundland & Labrador Oil & Gas Industry Association (Noia) Conference 2014.

In his address, Minister Rickford highlighted the significant role that the oil and gas industry has played in Newfoundland and Labrador's economic growth - generating billions of dollars in revenue to the province and aiding in the creation of thousands of jobs. The Minister reiterated the Government of Canada's commitment to establishing the conditions that will enable the oil and gas sector to continue to grow and prosper, reach new markets and contribute to global energy security.

Minister Rickford also noted recent actions by the Government of Canada to ensure that oil and gas are developed safely and responsibly. In particular, the Minister noted the Government's new Offshore Health and Safety Act, which will bring new clarity to the offshore regulatory regime and will enshrine into law the safety of offshore workers and authority for offshore occupational health and safety.

Quick Facts

--  The oil and gas industry is directly responsible for nearly 8,800 jobs
    in Newfoundland and Labrador.
--  Canada's five production fields in the Atlantic offshore produced 83.6
    million barrels of light crude and 68 billion cubic feet of natural gas
    in 2013.
--  Between 1997 and 2013, cumulative production from Hibernia, Terra Nova
    and White Rose (including North Amethyst) totaled 1,443.8 million
    barrels of oil.

Quote

"Responsible resource development has transformed the economy of Newfoundland and Labrador, creating jobs and prosperity throughout the province. Our government will continue to support strong, independent regulation to keep our environment and our workers safe in Canada's offshore."

Greg Rickford
Canada's Minister of Natural Resources and Minister for the Federal Economic
Development Initiative for Northern Ontario

Associated Links

News Release - Harper Government Introduces Energy Safety and Security Legislation

News Release - Minister Rickford Announces Latest Actions to Enhance Canada's World-Class Pipeline Safety System

Statement - Legislation to Enhance Offshore Health and Safety Passes in House of Commons

Follow us on Twitter: @NRCan (http://twitter.com/nrcan)

NRCan's news releases and backgrounders are available at www.nrcan.gc.ca/media

Contacts:
Chris McCluskey, Office of Canada's Minister
of Natural Resources and
Minister for the Federal Economic Development
Initiative for Northern Ontario
Ottawa
613-996-2007

Media Relations
Natural Resources Canada, Ottawa
613-992-4447

The general public may contact:
Mon.-Fri., 8:30 a.m.-4:30 p.m. EDT
Telephone: 613-995-0947
TTY: 613-996-4397
(teletype for the hearing-impaired)
[email protected]

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