Locke - Appraisal Institute of Canada
Locke - Appraisal Institute of Canada
Locke - Appraisal Institute of Canada
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Oil and Gas and the Future• Huge revenues coming to NL, even at oil prices muchless that current price levels• Will need to import labour• Sufficient revenue to pay <strong>of</strong>f debt by 2020, but notdesirable to do so• NL about to be transformed, fiscally and economically• Will be a “have” project until after 2020• Need to plan for prosperity to enhance the positives andminimize the negatives– Drugs, prostitution, crime, growing rural/urban divide anddisenfranchisement• NL will be a province <strong>of</strong> opportunity, but we have to worktogether
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