
Shaping the Energy Landscape
of Newfoundland and Labrador
Newfoundland and Labrador's
Energy Landscape
The energy sector in Newfoundland and Labrador encompasses oil and gas, renewable energy, and the development of green technologies. Key players include industry leaders, government entities, and local businesses involved in exploration, production, and export of energy resources. With its rich offshore oil reserves and growing potential in wind, hydrogen, and hydroelectric power, Newfoundland and Labrador plays a critical role in Canada’s energy economy.





Benefits
Newfoundland and Labrador is boosting the economy, creating new jobs, and helping the environment by evolving toward renewable energy. This shift secures long-term power, reduces carbon emissions, and positions the province as a leader in clean energy.
Diversification into renewable energy fosters long-term economic growth by opening new markets and attracting investments.
Meeting global demand for clean, renewable energy sources such as wind, hydrogen, and hydroelectric power.
Contributing to national and global goals of reducing carbon emissions and combating climate change.
Ensuring energy security by diversifying production, fostering renewable innovation, and supporting key markets like the US and Europe.
Reducing the environmental impact of energy production, ensuring a sustainable future for the province.
Generating employment opportunities in the energy sector, including oil and gas, wind, hydrogen, and green technology industries.
Positioning Newfoundland and Labrador’s role as a leader in the global energy transition toward sustainability.
Integrating green technologies to support a cleaner future and protect the province’s rich natural resources.


Employment
As the province continues to grow its oil and gas industry while simultaneously moving towards renewable energy, there is the potential for more jobs to be created in wind projects, hydrogen production, and green projects. This provides workers a chance to learn new skills and the ability to enjoy good earnings in various sectors.
Jobs in the design, construction, and maintenance of wind projects, including turbine installation and energy monitoring.
Roles in developing and implementing green technologies, such as energy storage, smart grids, and carbon capture solutions.
Opportunities in hydrogen fuel production and building the necessary infrastructure for this emerging low-carbon energy source.
Training workers from traditional sectors, like oil and gas, for new roles in wind, solar, and hydrogen energy.
Jobs in engineering, consulting, and project management support energy projects and ensure they meet regulatory standards.


Economy
The energy industry drives Newfoundland and Labrador's economy, with oil, gas, and renewable energy exports. Offshore oil remains key, while growth in wind, hydrogen, and hydroelectric power boosts the economy and attracts foreign investment, positioning the province as a clean energy hub for long-term growth.
The energy industry is a key contributor to Newfoundland and Labrador’s economy.
Significant revenues come from the export of oil, gas, and emerging renewable energy sources.
Offshore oil remains a critical economic contributor.
Expansion into renewable energy markets promotes economic diversification.
The province continues to work to attract new investment in oil and gas while the wind, hydrogen and hydroelectric power sectors are transforming the region into a clean energy hub.
Newfoundland and Labrador’s energy industry is attracting foreign investment and is a key player in the global energy marketplace.
The province’s dual focus on traditional and renewable energy strengthens its competitive advantage globally.
The blend of traditional and renewable energy fosters a resilient economy with long-term growth potential.

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