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Economic Development Benefits of the Oil and Gas Industry in Newfoundland and Labrador: Conference held March 16, 2007 at the Delta Hotel in St. Johnís, NL

Lead Researcher and Department
The Harris Centre, Memorial University

Summary
This conference was organized in response to a surprising disconnect in Newfoundland and Labrador: while petroleum exploration and production are major, growing contributors to the provincial economy, there is very limited discussion of these impacts and their community economic development potential. The conference had two major objectives. It aimed to build awareness about the benefits of the oil and gas industry in the province, thereby informing a range of stakeholders about the opportunities and challenges for maximizing economic development benefits from this industry. Second, it aimed to initiate a realistic dialogue with an important cross-section of stakeholders on how the industry could be a priority for growing the provincial economy. Ultimately, however, the goal of the conference was to identify ways in which economic development from the oil industry is being fostered right now and specific new opportunities to make the most of the sector in the future.

Conference report is located at:

http://www.mun.ca/harriscentre/reports/research/2007/HC_-_OG_Conference_Report.pdf

Dates
2007

Keywords
Oil and Gas Industry; Economic benefits; Newfoundland; Labrador; Development; Offshore oil industry, Economic development.

Locations
St. John's
Newfoundland and Labrador, Canada
Avalon Peninsula

Industry Sectors
Oil and gas extraction (Mining, quarrying, and oil and gas extraction)
Provincial labour and employment services (Public administration — Provincial and territorial public administration)

Thematic Categories
Oil and Gas Industry (Industries)
Community Development

Departments
Harris Centre (STJ)