Energy Plan - Government of Newfoundland and Labrador

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Our Energy Newfoundland and Labrador produces enough energy for its own use and exports far more to consumers outside the province, providing opportunities shared by few other North American jurisdictions. Vision To ensure our energy resources contribute to a vibrant and sustainable Newfoundland and Labrador where people are proud to live and work, the standard of living is high, and the environment is protected now and into the future; and to ensure that the people of Newfoundland and Labrador take pride and ownership in our energy resources and strategically develop them in such a way that returns maximum benefits to the province for generations to come. In 2007, Newfoundland and Labrador is expected to produce almost 45 per cent of Canada’s conventional, light crude oil and generate 12 per cent of Canada’s hydroelectricity. More importantly, our undeveloped energy potential is even greater than the energy we now supply. In addition to petroleum, our great store of clean, renewable energy resources means we have the capacity to not only provide for our long-term energy security, but also to be environmental leaders in the energy sector. We have the potential to replace greenhouse gas-emitting energy sources with our clean hydroelectricity and wind, both here at home and in the North American marketplace. Energy is an extremely important industry for Newfoundlanders and Labradorians. In addition to the thousands of direct and spin-off jobs in our energy-related industries, the sector also generates significant fiscal benefits that are shared by all Newfoundlanders and Labradorians. Energy accounts for more of our exports than any other sector in the province and is the largest component of our Gross Domestic Product (GDP). Our Energy Plan Vision To ensure our energy resources contribute to a vibrant and sustainable Newfoundland and Labrador where people are proud to live and work, the standard of living is high, and the environment is protected now and into the future; and to ensure that the people of Newfoundland and Labrador take pride and ownership in our energy resources and strategically develop them in such a way that returns maximum benefits to the province for generations to come. To support this vision, we have established principles, goals and policy actions. Our principles are the anchors for all future decision-making on energy issues. They will hold true even in changing times throughout the province, the country and the world. Our goals describe what we want to achieve in the long term. They consider the realities and the challenges we face. The goals are flexible, so they can evolve with our energy industry and our society. 2 Our policy actions are the detailed, measurable steps we will take to achieve our goals. The actions recognize the tools we have at our disposal and address constraints that might limit our ability to take action in certain areas. Our principles and goals are described in more detail in this section. The specific policy actions to achieve our goals are identified in the sections that follow.
Our Principles 1. Sustainability Energy developments must be environmentally and economically sustainable. We will protect and enhance our environment. We will also ensure the economic benefits from the development of our energy resources will be shared with future generations. 2. Control We will exercise appropriate control over the development of our resources to ensure they are managed and used in the best interest of the people of Newfoundland and Labrador. We will assume an ownership interest in the development of our energy resources where it fits our strategic long-term objectives. 3. Cooperation and Coordination We will add value to our resource development through effective cooperation and coordination with key stakeholders and partners. Our Goals Making the most of our energy assets and ensuring we use them wisely require long-term goals. These goals provide the structure for developing the individual policy actions to ensure consistency with the province’s energy principles. These goals were developed in the context of protecting our environment while maximizing opportunities to the province from current and future developments, including after 2041 when the province is in the position to receive the full benefit from the Upper Churchill. 1. Environmental Leadership We will ensure our environment is continually protected and improved, through the responsible development of clean, renewable sources of energy, including, but not limited to, hydroelectric and wind generation, investing in energy efficiency and conservation programs, and funding energy innovation. 2. Energy Security We will ensure we have a secure, reliable and competitively-priced supply of energy for current and future needs of the people of Newfoundland and Labrador. 3. Sustainable Economic Development We will develop our energy resources to help meet our social and economic responsibilities. We will reinvest the value we receive from our energy sector to secure our prosperity today and for future generations. We will ensure energy developments capitalize on our competitive advantages: our people, our industrial infrastructure, our geographic location and our political stability. 3
Page 3: Focusing our Energy Table of Conten
Page 6 and 7: Letter from the Minister Focusing O
Page 12: 4. Maximizing Electricity Export Va
Page 15 and 16: Figure 2.2 Potential Opportunity fo
Page 17 and 18: Figure 2.6 Non-Renewable Energy Ass
Page 19 and 20: Valuing the Energy Warehouse The Pr
Page 21 and 22: Managing Our Energy Warehouse We ar
Page 24 and 25: OIL AND GAS Throughout the world, o
Page 26 and 27: POLICY ACTIONS Encouraging Explorat
Page 28 and 29: POLICY ACTIONS Equity Ownership The
Page 30 and 31: POLICY ACTIONS Fiscal Regime The Go
Page 32 and 33: POLICY ACTIONS Land Management The
Page 34 and 35: POLICY ACTIONS Employment and Indus
Page 36: POLICY ACTIONS Landing Natural Gas
Page 39 and 40: Increasing our participation in Nor
Page 41 and 42: Labrador residents will be primary
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Energy and Our Environment In an in
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POLICY ACTIONS Air Emissions The Go
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Capturing the Value of our Renewabl
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POLICY ACTIONS Capturing the Value
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POLICY ACTIONS Planning and Coordin
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POLICY ACTIONS Efficiency and Conse
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POLICY ACTIONS A Culture of Conserv
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Professional and Skilled Workers Ou
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An available and diverse workforce
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Focusing on Our Best Opportunities
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The province will monitor other ene
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Labrador Labrador is unique in its
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Conclusion This Energy Plan reflect
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Figure 2.10 Source: Government of N
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80 Appendix A Offshore and Onshore
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Action 10: Action 11: Action 12: Th
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Access to Programming and Services
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Appendix E Glossary BCF (Billion Cu
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Petajoule One million gigajoules. P
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Appendix F Acronyms 92 bbls BCF C-N
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Energy Plan - Government of Newfoundland and Labrador

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