NWT Petroleum Resources Strategy Released

News Type: 
Blog Entries

May 29, 2018

 

Minister Wally Schumann has tabled the GNWT’s Petroleum Resources Strategy.

Read the Minister Statement : Introduction of the Petroleum Resources Strategy

Alongside the Northwest Territories 2030 Energy Strategy and the NWT Climate Change Strategic Framework, it sets the foundation for how the GNWT will improve energy security, stabilize the cost of living and address the impacts of climate change with clear and positive actions.

 

Specifically, the Petroleum Strategy sets out a path, in part, to restore the confidence and investment of the petroleum resources industry in the NWT while promoting smaller-scale natural gas projects designed to meet the more immediate energy needs of communities and businesses.

 

It also proposes to open the door for new technologies and research that will help residents pursue economic benefits from the development of petroleum resources within a framework of knowledge and innovation.