N.W.T. premier says Arctic drilling ban will stifle Northern energy sector – The Star

The Arctic drilling ban and proposed carbon price harm a viable Northern energy sector, N.W.T. Premier Bob McLeod has said.

CALGARY—The premier of the Northwest Territories is blasting federal policies including promises to restrict greenhouse gas emissions that he says will stifle a viable energy sector in the North.

Bob McLeod told the Arctic Oil & Gas Symposium on Wednesday that a national carbon price and a five-year ban on drilling in the Arctic’s Beaufort Sea have created a “no-win situation” for his territory’s efforts to develop a strong resource economy.

The federal government is proposing a carbon price of $10 per tonne in 2018 that would grow to $50 per tonne by 2022.

Read More: https://www.thestar.com/business/2017/03/15/nwt-premier-says-arctic-drilling-ban-will-stifle-northern-energy-sector.html