10 May 2011

NB to seek offshore accord with feds

Via Canada East:

New Brunswick needs a federal-provincial agreement on offshore oil and gas exploration, along the lines of those signed by Quebec, Nova Scotia and Newfoundland and Labrador. And it must finalize such an agreement soon, before the east coast oil-and-gas rush moves into adjacent waters.

The focus is on natural gas.

Natural gas is pretty cheap these days but it can be used to generate electricity more cleanly than with other fossil fuels.

- srbp -