Offshore Oil and Gas

Is Newfoundland and Labrador Getting Its "Fair Share"?

Wednesday, November 15th, at 7:30 pm
Inco Innovation Centre, Memorial University

Download the poster and the program.
Download the presentations by clicking on the speakers' names below.
Download Dr. Locke's article in the Newfoundland Quarterly.
An audio recording of the event will soon be available at this site.

The economy of Newfoundland and Labrador is among the fastest growing in Canada, mainly due to its oil and gas industry. Yet, questions have arisen as to whether the province is getting its fair share of benefits from exploiting its oil and gas resources.

  • Who benefits the most from exploiting Newfoundland and Labrador’s oil and gas resources – petroleum multi-nationals, local suppliers or the people of the province?
  • How does our royalty regime compare with that of other oil-producing regions, such as the North Sea, the Gulf of Mexico and Alaska?
  • Is “fallow-field” legislation a viable or appropriate option for Newfoundland and Labrador, given the current state of development of the industry?
  • Just how strong is the province’s bargaining position in the global oil and gas industry?

The main speaker at the session was Dr. Wade Locke, professor in the Department of Economics at Memorial University. Dr. Locke is an expert on oil and gas economics in Newfoundland and Labrador.

He was accompanied by an expert panel comprised of:

  • Ted Howell, president and CEO of the Newfoundland Ocean Industries Association
  • Jim Keating, vice-president of business development for Newfoundland and Labrador Hydro
  • Brian Maynard, vice-president (stewardship, public affairs & Atlantic Canada) with the Canadian Association of Petroleum Producers

Following the presentations, the audience had the opportunity to engage the speakers in a question-and-answer session.

Download an interview with Dr. Wade Locke in the NOIA News of June/July 2007.


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