'The fed. gov. [$1 billion] commitment to support Bay du Nord is at odds with the [ nature strategy ]... the project runs a 16 per cent chance of having an "extremely large” oil spill, according to the DFO’s review of Equinor’s environ. impact assessment.' - SCC
#CDNpoli #NatureStrategy #BayDuNord
![The Nature Strategy announcement today is at odds with the Federal Government’s recent decision to subsidize Equinor’s Bay du Nord oil project to the tune of up to $1 billion
[already a wealthy corporation].
Bay du Nord is a project with a 16% chance of an extremely large oil spill where capping a well blowout would take 18-36 days
(during which time oil would flow into the North Atlantic and thus somewhat defeating the purpose of any affected Marine Protected Areas).
It is also at odds with the Federal Government already cutting critical capacity in keeping Canadians safe from wildfires and other climate impacts, and cutting capacity to contain oil spills and ensure dangerous goods move safely on our railways.
Text on a background of an oil spill graphic and an underwater ocean photo.](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:c4yx242no4vrhoojneii42od/bafkreib7fewkx6wb4tedt4yw5wjqacv3rh34jzq3whf5andb3x2vlzfaou)
The Nature Strategy announcement today is at odds with the Federal Government’s recent decision to subsidize Equinor’s Bay du Nord oil project to the tune of up to $1 billion [already a wealthy corporation]. Bay du Nord is a project with a 16% chance of an extremely large oil spill where capping a well blowout would take 18-36 days (during which time oil would flow into the North Atlantic and thus somewhat defeating the purpose of any affected Marine Protected Areas). It is also at odds with the Federal Government already cutting critical capacity in keeping Canadians safe from wildfires and other climate impacts, and cutting capacity to contain oil spills and ensure dangerous goods move safely on our railways. Text on a background of an oil spill graphic and an underwater ocean photo.
Full release: www.sierraclub.ca/canada-natur... #CDNpoli #NatureStrategy #BayduNord
![It’s in oil and gas reliant provinces that we MOST need to build up renewables to offset the economic impacts of the coming decline in oil and gas demand globally.
Canada is spending three times more backing oil and gas than renewables, even though renewables are a better investment for jobs and the economy. A November 2025 report shows a stark picture of the revenue losses provincial governments will face in the next decade as “oil and gas demand dries up:
By 85% in Alberta.
By 72% in British Columbia.
By 78% in Saskatchewan.
By nearly 100% in Newfoundland and Labrador.
Learn more about that here: https://www.sierraclub.ca/lng-national-interest-canada/
Politico reports “The U.K. is doubling down on clean energy, not despite the Iran crisis — but because of it.”). Further The Guardian reports, “achieving the UK’s net zero target by 2050 will cost less than a single oil shock [costs] and bring health and economic benefits while insulating the country against future costs.”
Low-cost renewable energy is soaring in China and Vietnam: Vietnam’s wind and solar generation exceeds gas-fired power generation. Liquefied Natural Gas (LNG) demand is estimated to have already peaked in Europe and South Korea. China has already surpassed its 2030 renewable energy ambitions. LNG is unlikely to replace coal overseas; analysts confirm that renewable energy – not LNG – is the biggest competitor to coal in both China and India.
In fact, China installed more wind and solar power in a single year than the total amount of renewable energy currently operating in the United States.
Countries are going to electrify energy even faster now too. Already proposed Canadian oil and gas projects like Bay du Nord needed decades of demand for their product to be viable - demand that just didn't exist: https://www.sierraclub.ca/lng-national-interest-canada/
Going 100% renewable is entirely possible, find out more: https://www.sierraclub.ca/canada-can-go-100-renewable/](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:c4yx242no4vrhoojneii42od/bafkreiasyupvue4cmyqrsnemvjkbbba3kmrg6lcfzqzul3luxmbfqpthq4)
It’s in oil and gas reliant provinces that we MOST need to build up renewables to offset the economic impacts of the coming decline in oil and gas demand globally. Canada is spending three times more backing oil and gas than renewables, even though renewables are a better investment for jobs and the economy. A November 2025 report shows a stark picture of the revenue losses provincial governments will face in the next decade as “oil and gas demand dries up: By 85% in Alberta. By 72% in British Columbia. By 78% in Saskatchewan. By nearly 100% in Newfoundland and Labrador. Learn more about that here: https://www.sierraclub.ca/lng-national-interest-canada/ Politico reports “The U.K. is doubling down on clean energy, not despite the Iran crisis — but because of it.”). Further The Guardian reports, “achieving the UK’s net zero target by 2050 will cost less than a single oil shock [costs] and bring health and economic benefits while insulating the country against future costs.” Low-cost renewable energy is soaring in China and Vietnam: Vietnam’s wind and solar generation exceeds gas-fired power generation. Liquefied Natural Gas (LNG) demand is estimated to have already peaked in Europe and South Korea. China has already surpassed its 2030 renewable energy ambitions. LNG is unlikely to replace coal overseas; analysts confirm that renewable energy – not LNG – is the biggest competitor to coal in both China and India. In fact, China installed more wind and solar power in a single year than the total amount of renewable energy currently operating in the United States. Countries are going to electrify energy even faster now too. Already proposed Canadian oil and gas projects like Bay du Nord needed decades of demand for their product to be viable - demand that just didn't exist: https://www.sierraclub.ca/lng-national-interest-canada/ Going 100% renewable is entirely possible, find out more: https://www.sierraclub.ca/canada-can-go-100-renewable/
No country in their right mind is watching Cuba get cut off from oil, watching the price shocks in oil and gas, and saying to themselves 'oil and gas is a good thing to rely on.' Cheaper renewable energy and storage options already exist: www.sierraclub.ca/iran-oil-gas... #NLpoli #BayDuNord #CDNpoli
When Equinor did oil spill modelling in Brazil, THEY DIDN'T CONSIDER THE TIDES: https://www.sierraclub.ca/equinor-oil-spill-modelling/ Despite Equinor and BP's extraordinary profits our government is covering up to $1 BILLION in fees for the companies. But even with this the project's economics are STILL deeply flawed: https://www.sierraclub.ca/bay-du-nord-benefits-agreement/ Current oil price shocks actually make the - already nonexistent - business case for the Bay du Nord project LESS stable as high oil prices will drive countries to go renewable faster, thus reducing future global demand for oil that was already expected to peak around 2030: https://www.sierraclub.ca/iran-oil-gas-profits-prices/ Oil and gas interests, now rely heavily on maintaining the false appearance that there will be continued oil and gas expansion – an appearance propped up by Canadian taxpayer support. Because if people see the evidence beyond the spin investors will quickly realize reserves of oil and gas are overvalued. As a key energy journalist wrote: “Every fossil company everywhere wants investors, governments, and citizens to think, even against the thinnest of evidence, it will be the last one standing as its business steadily crashes. But times are already tough, and the tell comes from two of the industry’s biggest voices…. The problem is that citizens, rather than fossil companies and their shareholders, might be stuck picking up the tab.” Bay du Nord comes with 16% chance of an extremely large oil spill. It would take 18-36 days to cap a well blowout during which time oil would spill into the North Atlantic #Equinor #BayduNord #BP #BritishPetroleum #NLpoli
When Equinor did oil spill modelling in Brazil, THEY DIDN'T CONSIDER THE TIDES: www.sierraclub.ca/equinor-oil-...
Despite Equinor & BP's extraordinary profits the Canadian government is covering up to $1 BILLION in fees for the companies.
#Equinor #BayduNord #BP #BritishPetroleum #NLpoli #CDNpoli
(2/4) ...this point, and Equinor's stock was downgraded previously in part because of continuing to consider #BayduNord - that's how unviable the project is
Current oil price shocks actually make the - already nonexistent - business case for the Bay du Nord project LESS stable as high oil prices...
👇🇨🇦"'Very attractive project': Carney touts Bay Du Nord as key project in stabilizing global energy markets"
#Carney #CanadianOilFields #BayDuNord #Equinor #NewfoundlandAndLabrador #newfoundland
What Carney is doing here is beyond irresponsible.
(1/3) Bay du Nord is not, nor never can be viable. Stop misleading people on oil futures that don't exist.
If you want facts on the project: www.sierraclub.ca/bay-du-nord-...
#NLpoli #CDNpoli #BayduNord #Equinor #Norway #Newfoundland #Labrador
Les contribuables n’ont pas à payer pour #BayDuNord. ⛽️💰
Ottawa pourrait assumer jusqu’à 1 G$ en redevances pour un projet pétrolier d’Equinor près d’habitats marins sensibles.
241 M$ en 25 ans pour protéger les espèces… mais 1 G$ pour le pétrole? 🌊🐋
#environnement #climat #polcan #BlocQc
Beyond climate implications, we also need more discussion on environmental impact of this. 16% chance of a spill + no plan for immediate capping. Spills may be rare but the consequences would be catastrophic for NL.
#BayduNord #Newfoundland www.nationalobserver.com/2026/03/05/n...
Bay du Nord enfonce encore le Canada dans le pétrole. 🛢️
Près d’un milliard de barils, un risque majeur pour le #climat 🌎 et la #biodiversité 🌿… et Ottawa offrirait 1 G$ à Equinor pour faciliter le projet.
Encore un cadeau des libéraux aux pétrolières.
#polcan #BayduNord
Please see our news release on the recently announced benefits agreement between the Government of Newfoundland and Labrador and Equinor and bp.
#BayduNord #WeAreEnergyNL
Sierra Club Canada Questions Viability of Bay du Nord Based on Research by Multiple Analysts – Urges Focus on Renewable Solutions Instead...
Full media release: www.sierraclub.ca/equinor-offs... #BayDuNord #NLpoli #CDNpoli #NLMedia #CDNMedia #Norway #Equinor
Join us for the next phase of information sharing on the #BayduNord project to learn the latest information on project scopes, procurement processes, & project schedules.
This is an Energy NL member exclusive session.
For inquiries, please email info@energynl.ca
#WeAreEnergyNL
(1/2) We've gone from #Equinor saying ' #BayduNord is gonna save the #NL economy' to 'we cant promise anything.' Why? Because the business case was never there: www.sierraclub.ca/bay-du-nord-...
And the same is true of LNG exports: www.sierraclub.ca/lng-national... #NLpoli #NewfoundlandAndLabrador
Yet Another reason for #Equinor to abandon #BayduNord - located on the edge of the world’s richest fishing ground - the Grand Banks - it is a carbon bomb in the making and bad business for #Norway www.accr.org.au/research/the...
On Monday, lawyers argued that the federal government’s approval of the Bay du Nord project failed to consider marine traffic from transporting oil and that the process fell short in consulting Indigenous communities #BayduNord #fossilfuels #Canada www.nationalobserver.com/2024/11/19/n...
The choice is simple. A liveable future under 1.5 degrees of global heating or #BayduNord. No new oil projects in #Canada #offshore.
www.cbc.ca/news/canada/...
This is likely the beginning of the end of #BayDuNord extreme oil project by @Equinor . The finances around this were always sketchy particularly in the face of climate policy around the world and the need to phase down oil consumption.
Good...
