N.S. to spend $11.8M on offshore oil research, as environmentalists criticize [Business News Network (BNN) Energy & Resources (Canada)]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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Source: Business News Network
N.S. to spend $11.8M on offshore oil research, as environmentalists criticize HALIFAX -- Nova Scotia has committed millions of dollars to encourage offshore exploration, hoping to bring billions more in oil riches -- even as ecologists say the cash would be better used to counter carbon emissions. Energy Minister Geoff MacLellan announced $11.8 million Wednesday for research in waters off the province. "There is value for us, there is tremendous work being done in the offshore, and ... we're going to be world leaders in the oceans," MacLellan said during a news conference at the Bedford Institute of Oceanography. The exploration program collects core samples and makes maps of the ocean bottom and sub-bottom. The program is also working to recreate seismic images from 200 million years ago when Nova Scotia and Morocco separated. However, a spokesman for Halifax's Ecology Action Centre, said the funding is no longer appropriate in an era when Canada has signed on to the Paris Agreement
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