The oil and gas industry has been asking the federal and provincial governments for help for several months.
Brown says they’re looking at not only West White Rose, but Husky’s involvement in the East Coast offshore as well.
Provincial Energy Minister Andrew Parsons admits that if West White Rose were to be glossed over, the revenues it represents would be difficult to offset.
The impacts would be felt in royalties, taxes and employment, but Parsons says, based on ongoing conversations with Husky, the possibilities for provincial government assistance are limited.
He says they are looking for an investment in stocks and, given the province’s reduced fiscal capacity, there are only “so many levers to pull”.
Industry on the brink of collapse: NOIA
Noia CEO Charlene Johnson is frustrated to learn that Husky is reviewing their West White Rose project.
She says the province’s largest industry is on the verge of collapse and that she and its members are tired of waiting.
She predicts “the same level of devastation as the cod moratorium” – the difference this time around being that the province “has an abundance of natural resources.” She says that when it comes to the oil and gas industry, Norway has a strategy in place and “we don’t have it”.
Official opposition’s allocation plan to help abroad
Opposition Leader Ches Crosbie says the solution to helping the offshore industry is not “for the Liberals to talk to the Liberals”.
He says a “champion” is needed and believes it is clear that the Liberal governments here and in Ottawa are not that champion.
In a video posted to Facebook, Crosbie says he’s announcing a plan to get the offshore industry “back on track.”