Ottawa Approves Bay du Nord Oil Project Off Coast of Newfoundland and Labrador

Environment Minister Steven Guilbeault takes part in a moderated discussion with the audience following his speech on an emissions reduction plan, at the Canadian Club in Toronto on March 9, 2022. The Canadian Press/Chris Young

Federal Environment Minister Steven Guilbeault has approved a new oil project off the coast of Newfoundland and Labrador, which Ottawa says will be subjected to some of the strongest-ever environmental requirements.

Guilbeault’s decision released on April 6 by the Impact Assessment Agency of Canada, says that the Equinor’s Bay du Nord project can proceed as long as it achieves net-zero greenhouse gas emissions by 2050.