Drastic changes proposed for oil-rich, debt-laden East Canada province

Newfoundland & Labrador should sell upstream field stakes, offload fabrication yard and create wealth fund to drive energy transition, report recommends

Critical: the Maersk Nexus offshore supply vessel leaves the St John's harbour in Newfoundland & Labrador, Canada. The oil and gas sector remains vital to the province's future and its energy transition — Critical: the Maersk Nexus offshore supply vessel leaves the St John's harbour in Newfoundland & Labrador, Canada. The oil and gas sector remains vital to the province's future and its energy transitionPhoto: REUTERS/SCANPIX

Iain Esau

London

Published 12 May 2021, 09:49Updated 12 May 2021, 10:24

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