The Nova Scotia government says it intends to take on $117 million of the provincial power utility s fuel costs in order to reduce the burden on ratepayers.
In a move being praised by environmental groups, Nova Scotia and Ottawa have vetoed a regulator's decision to issue an oil and gas exploration licence to Inceptio Limited.
Federal Natural Resources Minister Jonathan Wilkinson has put a hold on a pending oil and gas exploration licence for the offshore of Nova Scotia, which, if approved, would restart fossil fuel activity offshore after years of dormancy.