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Minister Pardy Introduces Legislation to Reduce Gas Tax to Zero
Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-29 18:55:16.0
Tags: [Newfoundland and Labrador, Taxation, Finance, Affordability, Energy]On October 29, 2026, Newfoundland and Labrador Minister of Finance Craig Pardy introduced legislation to reduce the provincial tax on gasoline and diesel to 0 cents per litre, down from 7.5 cents and 9.5 cents respectively. Factoring in the Harmonized Sales Tax (HST), drivers will save 8.625 cents per litre on gasoline and 10.925 cents per litre on diesel amidst record high fuel prices. The legislative amendments also establish a protective mechanism to keep provincial fuel taxes at zero for as long as oil prices remain above a specified threshold. This measure is part of the Provincial Government's broader Budget 2026 initiative, which has invested over $275 million in cost-of-living relief.
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Minister Pardy Introduces Legislation to Reduce Gas Tax to Zero
Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-29 18:55:16.0
Tags: [Newfoundland and Labrador, Taxation, Affordability, Finance, Energy]The Government of Newfoundland and Labrador, through Minister of Finance Craig Pardy, introduced legislation to reduce the provincial tax on gasoline and diesel to 0 cents per litre. This policy removes the existing provincial taxes of 7.5 cents per litre for gasoline and 9.5 cents per litre for diesel, resulting in total savings at the pump—including Harmonized Sales Tax (HST)—of 8.625 cents per litre for gasoline vehicles and 10.925 cents per litre for diesel vehicles. Furthermore, the legislative amendments establish a safeguard mechanism to maintain the provincial fuel tax at zero as long as oil prices stay above a specified threshold, forming part of the provincial government's broader $275 million cost-of-living relief initiative.
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Ministerial Statement: Minister Parrott Recognizes Opening of Equinox Gold’s Valentine Gold Mine
Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-29 16:15:13.0
Tags: [Newfoundland and Labrador, Mining, Resources, Economy, Industry, Energy]Newfoundland and Labrador Minister of Energy and Mines Lloyd Parrott announced the official opening and commercial production of Equinox Gold's Valentine Gold Mine in Central Newfoundland. Equinox Gold plans to invest $436 million over the next two years for a Phase 2 expansion to double its throughput capacity, raising average annual gold production to approximately 223,000 ounces across its 320-square-kilometre property.
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Provincial Government Opens Public Engagement on New Climate Change Action Plan
Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-28 17:30:40.0
Tags: [Newfoundland and Labrador, Environment, Climate, Energy, Governance]The Government of Newfoundland and Labrador, through the Department of Environment, Conservation and Climate Change led by Minister Andrea Barbour, has launched public engagement for its upcoming five-year 2027-2032 Climate Change Action Plan. Hosted on the EngageNL platform, the initiative gathers public and stakeholder input on climate mitigation, adaptation, disaster resilience, environmental awareness, and municipal preparedness to support the province's transition to net-zero emissions by 2050. Written submissions, emails, and online questionnaires will be accepted until November 26, 2026, alongside targeted sessions with Indigenous Governments and Organizations, municipalities, and industry stakeholders.
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Premier Announces Key Addition to Negotiating Team and Next Steps for Churchill Falls Agreement
Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-28 16:15:00.0
Tags: [Newfoundland and Labrador, Energy, Infrastructure, Resources, Governance]Premier Tony Wakeham and Minister of Energy and Mines Lloyd Parrott announced that Barry Perry is transitioning to Special Advisor while Gary Smith, former President and CEO of Newfoundland Power and Executive Vice-President at Fortis Inc., will take over as lead negotiator for the Churchill Falls and Gull Island agreement. The updated agreement with Quebec and the Government of Canada is projected to deliver 760 megawatts of additional power, 985 megawatts of guaranteed transmission portfolio, and an estimated $273 billion in total nominal value over its lifetime. The completed definitive agreements will subsequently be tabled in the House of Assembly for technical briefings and a special legislative debate.
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Provincial Government Cutting Gas Tax on Gasoline and Diesel to Zero Beginning December 1
Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-26 14:15:53.0
Tags: [Newfoundland and Labrador, Taxation, Affordability, Energy, Finance]The Government of Newfoundland and Labrador, through Minister of Finance Craig Pardy, announced that the provincial gas tax on gasoline and diesel will be reduced to zero cents per litre from December 1, 2026, to March 31, 2027. The Provincial Government will introduce legislative amendments in the House of Assembly to enact these changes and establish a permanent mechanism to keep the provincial fuel tax at zero whenever fuel prices exceed a specified threshold. This measure represents $25 million in affordability relief, contributing to a broader $79 million cost-of-living package that also includes the accelerated Churchill Falls Electricity Rebate and a doubled Home Heating Supplement.
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Premier Wakeham tours Bull Arm Site as OilCo Issues Request for Proposals for Floating Dry Dock Engineering Study
Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-23 13:18:27.0
Tags: [Newfoundland and Labrador, Infrastructure, Energy, Industry, Defence, Labour]The Oil and Gas Corporation of Newfoundland and Labrador (OilCo), acting on behalf of Bull Arm Fabrication Inc. (BAF), has issued a Request for Proposals (RFP Reference No. 926000006 via merx.com) seeking qualified proponents to conduct a Pre-Front End Engineering and Design (Pre-FEED) study for a floating dry dock at the 25-square-kilometre Bull Arm Fabrication Site in Trinity Bay. The initiative follows a June 2026 request for expressions of interest that drew 19 submissions from four countries, with over half originating from entities operating within Newfoundland and Labrador. The proposed floating dry dock aims to expand the site's industrial capacity for ship repair, marine construction, offshore support, decommissioning, and defence-related projects. Interested companies must submit their proposals by February 26, 2027.
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Premier Wakeham Announces $54 Million in Additional Affordability Relief
Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-22 12:50:01.0
Tags: [Newfoundland and Labrador, Affordability, Energy, Taxation, Finance]Premier Tony Wakeham and Minister of Finance Craig Pardy announced a $54 million affordability package to assist residents of Newfoundland and Labrador with winter energy costs. The initiative accelerates the implementation of the Churchill Falls Electricity Rebate starting in January 2027, providing residential customers of Newfoundland Power and Newfoundland and Labrador Hydro a 15 per cent reduction (up to 2,000 kilowatt-hours per month) estimated at $351 annually, costing $45 million for the remainder of the 2026-27 fiscal year. Additionally, the maximum Home Heating Supplement for households relying on furnace or stove oil is doubled from $500 to $1,000 for the 2026 program, providing roughly $9 million in relief to approximately 9,000 current applicants.
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Provincial Government Investing in Marine Low-Carbon Fuels Initiative Through Green Transition Fund
Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-15 17:55:28.0
Tags: [Newfoundland and Labrador, Environment, Climate, Energy, Transportation, Industry]The Government of Newfoundland and Labrador, through the Ministry of Jobs, Growth and Rural Development, is investing $365,470 from its $7.75 million Green Transition Fund into the Marine Low-Carbon Fuels Green Transition Initiative. Led by the organization econext, the project will assess, test, and demonstrate renewable fuel options within the province's marine transportation sector. The initiative includes assessing local testing capabilities and carrying out a renewable diesel pilot project aimed at reducing emissions and enhancing industry competitiveness.
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Newfoundland and Labrador Showcases Defence-Ready Capabilities at DEFSEC Atlantic
Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-09 15:20:19.0
Tags: [Newfoundland and Labrador, Defence, Economy, Industry, Technology, Energy]Premier Tony Wakeham and Minister Lin Paddock represented the Government of Newfoundland and Labrador at the 2026 DEFSEC Atlantic exhibition in Halifax to promote the province's defence, aerospace, and security capabilities. The province emphasized strategic assets including 5 Wing Goose Bay, deepwater ports, critical minerals, and clean energy access via the new Churchill Falls agreement. Additionally, local firms Avalon Holographics and SmartICE were recognized at the 2026 Atlantic Canada Aerospace and Defence Association Industry Excellence Awards for innovation and workforce culture.
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Environmental Assessment Bulletin
Source: Newfoundland & Labrador - Government Releases
Date: 2026-09-28 13:15:12.0
Tags: [Newfoundland and Labrador, Infrastructure, Transportation, Environment, Energy]The Government of Newfoundland and Labrador, through Minister of Environment, Conservation and Climate Change Andrea Barbour, announced environmental assessment decisions under Part 10 of the Environmental Protection Act. The Department of Transportation and Infrastructure's Humber River Ballam Bridge Replacement (Reg. 2430) was released from environmental assessment subject to conditions. Additionally, V and J Tectonic Inc. fulfilled stormwater drainage plan conditions for the Deer Lake Residential and Commercial Subdivisions Project (Reg. 2330), and the Nunatsiavut Government and Natural Forces Development Limited Partnership met employment, environmental management, and monitoring conditions for the Nain Wind Power Micro-Grid (Reg. 2118).
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Atlantic business leaders call for regional policies and more natural resource development
Source: Prince Edward Island - Regional News
Date: 2026-09-25 21:34:13.0
Tags: [New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Economy, Trade, Energy, Resources, Mining, Industry]The Atlantic Economic Panel, chaired by Don Mills and commissioned by federal Atlantic Canada Opportunities Agency (ACOA) Minister Sean Fraser, released a strategic growth plan calling for the creation of a $1 billion Atlantic prosperity fund to help regional companies scale up. The report recommends greater regional integration, including the establishment of an independent electricity system operator across the four Atlantic provinces, the elimination of interprovincial trade barriers, coordinated immigration policies, and streamlined regulatory processes for major projects. Furthermore, the plan urges a 50 per cent expansion of the region's natural resources sector, bolstered by recent provincial policy shifts such as Nova Scotia lifting bans on fracking and uranium mining and approving five new mines.
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Eastern Canada business leaders call for ‘single economy’ between Atlantic provinces
Source: Nova Scotia - Halifax & Regional News
Date: 2026-09-25 14:16:00.0
Tags: [Nova Scotia, New Brunswick, Newfoundland and Labrador, Prince Edward Island, Economy, Trade, Labour, Infrastructure, Energy, Immigration]The Atlantic Economic Panel, appointed by federal minister Sean Fraser and chaired by Crane Cove Holdings Ltd. president Don Mills, released a report calling for the creation of a 'One Atlantic Canada' single economy by 2035 across Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland and Labrador. To combat low productivity, labour shortages, and regulatory barriers, the report outlines seven major recommendations, including a $1-billion Atlantic Prosperity Fund, a $25-billion integrated electricity system managed by a region-wide independent system operator, the removal of all trade and labour mobility barriers, and regional infrastructure partnerships. Additional targets include growing the region's population past 3 million with a 1.8 percent annual growth rate, doubling exports to Europe to over $30 billion, mobilizing $100 billion in new natural resource investments, and enhancing the aerospace, defence, shipbuilding, and artificial intelligence sectors.
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Environmental Assessment Bulletin
Source: Newfoundland & Labrador - Government Releases
Date: 2026-09-18 17:40:34.0
Tags: [Newfoundland and Labrador, Environment, Energy, Mining, Infrastructure]The Newfoundland and Labrador Department of Environment, Conservation and Climate Change registered two major industrial undertakings under Part 10 of the Environmental Protection Act on September 18, 2026. Pittman’s Enterprises Limited proposed the Lodge Bay Quarry, a four-hectare aggregate project located off Route 510 in southern Labrador to supply regional construction. Meanwhile, Triple Point Resources withdrew its prior registration (EA 2413) and resubmitted the Fischells Salt Dome Power Generation Project (EA 2436) in the Bay St. George area, which integrates a wind farm, salt caverns, marine intake pipelines, a Bottom Brook terminal transmission line, and Adiabatic Compressed Air Energy Storage technology to manage renewable energy and explore potential export opportunities. Public comments for both projects are open until October 24, 2026, with the Minister's decisions due by November 2, 2026.
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Statement from the Premier on the Passage of the Churchill Falls Resolution
Source: Newfoundland & Labrador - Government Releases
Date: 2026-09-17 23:00:27.0
Tags: [Newfoundland and Labrador, Energy, Resources, Infrastructure, Indigenous, Governance]The Newfoundland and Labrador House of Assembly passed a resolution approving the Definitive Cooperation and Implementation Agreement for Churchill Falls and Gull Island, following a four-day debate and review by the Independent Churchill River Review Committee. The agreement replaces the 1969 Churchill Falls Agreement, delivers $49 billion in present-day value ($273 billion in nominal cash flows) over its lifespan, and provides increased transmission access and power control. Premier Tony Wakeham announced that the province will advance the project in partnership with the Innu Nation to drive economic growth and job creation.
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Critics slam Newfoundland, Quebec power agreement as MLA leaves party
Source: Nova Scotia - Halifax & Regional News
Date: 2026-09-14 21:06:40.0
Tags: [Newfoundland and Labrador, Quebec, National, Energy, Infrastructure, Governance]The Newfoundland and Labrador legislature opened a four-day debate on a tentative 50-year framework agreement with Hydro-Québec concerning Churchill Falls energy, valued at over $50 billion with $10 billion in federal financing from Prime Minister Mark Carney's government. The proposed energy arrangement involves divvy-ing up power from the 5,428-megawatt Churchill Falls generating station and developing a new 2,700-megawatt generating station at Gull Island on the Churchill River, targeting an estimated return of $49 billion for Newfoundland and Labrador. Amid heavy public protests outside the Confederation Building and criticism over abandoning a promised referendum, Progressive Conservative MLA Keith Russell left the governing caucus to sit as an Independent for his Labrador district.
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Statement from the Honourable Tony Wakeham, Premier of Newfoundland and Labrador on the Canada Investment Summit
Source: Newfoundland & Labrador - Government Releases
Date: 2026-09-14 12:15:07.0
Tags: [Newfoundland and Labrador, National, Economy, Energy, Infrastructure, Resources]Newfoundland and Labrador Premier Tony Wakeham announced that while he cannot attend the Canada Investment Summit in Toronto due to a special sitting of the House of Assembly, government officials and a team of representatives will attend to engage with global investors regarding major provincial opportunities. The province highlights its $50-plus-billion capital spend tied to the new Churchill Falls and Gull Island clean energy deal—noted as the largest clean energy investment in North American history—alongside ongoing international profiling of strategic projects such as Bay du Nord and the Churchill projects across the energy, critical minerals, technology, and natural resources sectors.
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Canada's oil windfall may yet wipe out its losses from tariffs
Source: CBC Politics
Date: 2026-09-13 08:00:00.0
Tags: [National, Alberta, Newfoundland and Labrador, Trade, Energy, Economy]U.S. President Donald Trump's imposition of tariffs affecting approximately $27.6 billion in Canadian products—costing Canada's GDP an estimated 0.5 per cent ($10 billion to $20 billion annually)—may be fully offset by a surge in global oil prices topping $100 US per barrel. Driven by ongoing Middle East conflicts involving Iran and Houthi rebel attacks on Saudi energy infrastructure including the Petroline pipeline, Brent crude has reached nearly $110 US per barrel, generating windfall profits for the Canadian oil industry and bolstering government revenues. Specifically, Alberta has reversed a projected $9.4-billion deficit into a $2-billion surplus, Newfoundland and Labrador anticipates an additional $500 million in coffers, and federal corporate and personal income taxes stand to gain roughly $2 billion for every $10 increase in the price of a barrel of oil.
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Residential Customers to Benefit from Provincial Government’s New Electricity Rebate
Source: Newfoundland & Labrador - Government Releases
Date: 2026-09-11 13:00:09.0
Tags: [Newfoundland and Labrador, Affordability, Energy, Finance]The Provincial Government of Newfoundland and Labrador announced the Churchill River Electricity Rebate, which will provide a 15 per cent electricity rebate for residential ratepayers on their first 2,000 kWh of usage per month. Announced by Minister of Finance Craig Pardy, the measure is contingent upon the finalization of definitive agreements for a new Churchill Falls agreement expected by the end of 2026. Given that provincial households average 1,400 to 1,500 kWh of electricity usage per month, the rebate is projected to save ratepayers an average of $351 per year.
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Province Announces Proposed Debate Structure for Special Sitting on New and Better Churchill Falls and Gull Island Agreement
Source: Newfoundland & Labrador - Government Releases
Date: 2026-09-10 14:50:46.0
Tags: [Newfoundland and Labrador, Energy, Resources, Governance, Infrastructure]The Government of Newfoundland and Labrador announced the proposed rules and debate structure for a special four-day sitting of the House of Assembly, scheduled from September 14 to September 17, 2026. Members of the House will debate the Definitive Cooperation and Implementation Agreement for Churchill Falls and Gull Island alongside related commitments from the Government of Canada. Over the first three days, MLAs will have access to more than 19 hours of direct questioning with negotiating teams, independent commercial and financial advisors, representatives from Newfoundland and Labrador Hydro, oversight committee chairs, Natural Resources Canada officials, and a Member of Parliament, with no speaking-time limits on expert responses. The final day will feature dedicated 10-minute closing remarks for every Member prior to the legislative vote on the resolution.
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