Energy Plan - Government of Newfoundland and Labrador

4. Maximizing Electricity Export Value
We will ensure we are positioned to maximize value over the long term from any
electricity available for export and to invest the proceeds strategically.
5. Maximizing Long–Term Value of Oil and Gas
Oil and gas, once produced and consumed, are depleted forever. We will
maximize and effectively invest the value received from these resources
to ensure current and future generations benefit from their development,
while still providing a fair return to oil and gas companies that participate
in the development of our resources.
6. Effective Governance
We will ensure that we have an effective and efficient regulatory and
governance structure to properly manage the development of our energy
resources. We must ensure there are no unreasonable impediments to
development and establish rules and regulations that are prudent and
clear. We will strive to establish certainty and stability for our energy sector
investors provided the needs of the province are not compromised.
A Consultative Approach
This Energy Plan has been developed following extensive consultations with a
broad spectrum of stakeholders, including our energy industry, government and
regulatory agencies, Aboriginal governments and groups, labour, development
organizations, environmental groups, educational institutions and the general
public.
This consultation process provided input to key issues and priorities from the
broad experience and thoughtful expertise of our stakeholders and partners.
Much of the advice is reflected in the strategies and actions in this Plan and
helped breathe life into our vision, principles and goals.
In addition, 86 formal submissions and/or presentations were received, including
many from the general public. Submissions are available on the Energy Plan
website at www.nr.gov.nl.ca/energyplan.
This Plan also relies on the extensive research and analysis of many government
agencies and departments, ensuring consideration of provincial, national and
international contexts, as well as the social, economic and environmental
implications of our strategies and actions.
Implementation of the Energy Plan will require the participation and support of
all of these groups as we move forward.
Our assets are strong. Our principles are firm. Our goals are set.
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The details that follow in this Plan provide the Policy Actions we will take to
achieve our goals.