Imagine the Potential

Newfoundland and Labrador’s oil & gas industry has a substantial and profound impact on our province and country.

Did you know?

Newfoundland and Labrador’s oil & gas industry has the potential to generate over $100 billion in provincial royalties and taxes by 2045.

Greenhouse gas emissions from Newfoundland and Labrador’s light, sweet crude are 30% below the global average.

Newfoundland and Labrador’s oil & gas industry supports over 23,000 jobs in the province. Imagine the potential of 56,000 by 2033.

Newfoundland and Labrador’s oil & gas industry supports 10,700 jobs in the rest of Canada. 5,000 jobs in Ontario alone.

Today, Newfoundland and Labrador’s oil & gas industry provides $1.18 billion in tax revenue. This helps pay for public services and infrastructure across the country.

Consumer spending can increase to $3.5 billion in Newfoundland and Labrador by 2033.

Labour income can increase to $4.6 billion across the province, and $1.6 billion for the rest of Canada, by 2033.

NL’s oil & gas industry has the potential to support 6,800 engineering and construction jobs by 2033—up from 2,800 in 2018.

Oil & gas industry growth has the potential to generate 1,000 additional restaurant workers needed by 2033.

Newfoundland and Labrador has the potential to require 1,000 added teachers & guidance counsellors in NL schools in 2033 due to oil & gas industry growth.

Sign up to become a supporter of a stronger oil & gas industry in Newfoundland and Labrador.

Download the Fact Sheet

Download to learn more about NL’s oil & gas industry. Allow this information to fuel discussions. Ask your network to Imagine the Potential of our province and our country.

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Fact Sheet

Launch Address

Imagine the Potential was launched at Noia’s 2018 Oil & Gas Conference by CEO Charlene Johnson.

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