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Thursday, May 2, 2024

Canada approves controversial Bay du Nord offshore oil project

An illustration of the planned Bay du Nord Floating Production Storage and Offloading (FPSO) vessel

OTTAWA: Canada’s environment minister approved Wednesday a controversial offshore oil project expected to see 300 million barrels of oil extracted over 30 years — and to set back efforts to curb climate change.

In a statement, Steven Guilbeault said Norwegian firm Equinor’s proposed development of oil discoveries in the Flemish Pass Basin, some 500 kilometers east of St. Johns, Newfoundland, passed an environmental assessment.

That four-year review, the minister said, determined that the Bay du Nord project “is not likely to cause significant adverse environmental effects when mitigation measures are taken into account.”

“The…

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