Vortex Energy Corp. (Vortex or the Company) has taken a significant step by submitting an “Application for Exploration Approval” to the Mineral Lands Division of the Department of Industry, Energy, & Technology in Newfoundland and Labrador.
The CEO of Newfoundland and Labrador Hydro says the corporation isn't committed to a new diesel-powered combustion turbine on the Avalon Peninsula, and that it wouldn't replace the Holyrood generation station.
Trades N.L. CEO Darin King says Equinor is sending strong signals that it wants to build all the components for the floating production, storage and offloading vessel for Bay du Nord outside of the province.
The federal plan, announced by Prime Minister Justin Trudeau on Tuesday, leans on heavy cuts to the electricity, oil and gas and transportation sectors all in the hopes of cutting emissions by at least 40 per cent by 2030.