St John s businessman Dean MacDonald says he wants a piece of Terra Nova cbc.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbc.ca Daily Mail and Mail on Sunday newspapers.
New hope for Terra Nova as Suncor announces tentative deal to save N.L. oilfield
A Newfoundland and Labrador oil industry that had been braced for bad news is instead breathing a sigh of relief following news Wednesday night that there s renewed hope for the future of the Terra Nova oilfield.
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An emergency debate about the future of the Terra Nova oilfield is scheduled for Monday morning, with a public rally also planned for the steps of Confederation Building.
Talks aimed at saving the Terra Nova oilfield in Newfoundland and Labrador's offshore have faltered, according to Energy Minister Andrew Parsons, with the provincial government backing away from plans to purchase an equity stake in the project.
Andrew Parsons isn't ruling out the purchase of an ownership stake in the Terra Nova oilfield but says it would happen only if the reward outweighs the risk.