Economic News Affecting St. John's

[J_Murphy]

and another...

http://www.financialpost.com/markets/new...ed+Emera+Newfoundland/7832215/story.html

NSP Maritime Link Inc, a wholly-owned subsidiary of Emera Newfoundland and Labrador Holdings Inc. and an affiliate of Nova Scotia Power, has filed its Environmental Assessment Report (EA Report) for the Maritime Link Project with the Canadian Environmental Assessment Agency, Nova Scotia Environment, and Newfoundland & Labrador's Department of Environment and Conservation.

This is a major milestone in the federal and provincial environmental assessment processes for the proposed Maritime Link, an electrical transmission project which will link the provinces of Newfoundland & Labrador and Nova Scotia for the very first time. The Maritime Link will help meet the federal legislative requirement to reduce coal emissions through the use of increased renewable energy.

Environmental Assessment is a formal regulatory review process that considers environmental, social and economic effects of projects. The process is administered by regulation through the federal and provincial governments and ensures that projects proceed in an environmentally responsible manner. The EA report for the Maritime Link identifies mitigation measures that will be employed to ensure the project is constructed in an environmentally appropriate manner.

“For almost two years our project team has been meeting and consulting with Aboriginal groups, the general public and other stakeholders,” said Rick Janega, President of Emera Newfoundland & Labrador. “The Environmental Assessment Report includes a considerable amount of feedback from our consultation process, as well as a thorough analysis of potential effects on the environment. It relies on numerous scientific studies and on third-party expertise to support the findings it contains.”

The 737-page Maritime Link Project Environmental Assessment Report can be viewed at:

•Nova Scotia Environment EA website: http://www.gov.ns.ca/nse/ea/projects.asp
•Newfoundland & Labrador Department of Environment and Conservation EA website: http://www.env.gov.nl.ca/env/env_assessment/projects/Y2011/1618/index.html

edit: I posted both of these to the Atlantic Provinces forum as well.