N.B. to review ban on fracking amid U.S. tariffs, premier says
FREDERICTON - New Brunswick Premier Susan Holt says her government will review the province's 2014 ban on hydraulic fracturing. This comes amid the U.S. imposing tariffs, according to the Liberal premier. The review aims to strengthen New Brunswick's economy by exploring ways to boost economic stability. Despite backing the ban as recently as last year, Holt acknowledges the review does not guarantee a return to widespread drilling.
Canada's escalating trade war with the U.S. has bolstered her belief in the need for economic stability measures. Natural Resources Minister John Herron emphasizes the government will not permit natural gas extraction without safety assurances. The province contains an estimated 77.9 trillion cubic feet of recoverable natural gas, potentially worth hundreds of billions of dollars.
A recent review of New Brunswick's power utility recommended increasing natural gas production for home heating.
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