Natural Resources Minister Tory Rushton says that since 2020 capital costs for the Atlantic Loop have increased by 300 per cent to more than $9 billion.
As the costs of the Atlantic Loop project continue to grow, the provincial governments and utilities in New Brunswick and Nova Scotia have become increasingly skeptical of the project’s viability. Now, NB Power says the province is unlikely to derive significant benefits from the loop for at least a decade. Silas Brown reports.
Rushton says that since 2020 capital costs for the Atlantic Loop have increased by 300 per cent to more than $9 billion. He says the hike in projected costs and the lack of commitment from Quebec for hydroelectricity has made the project no longer viable to meet the province’s 2030 goals.Canadian evacuation flights will be arriving in Tel Aviv by end of week: Joly
Instead of the loop, he says Nova Scotia will surpass its 80-per-cent renewable energy target with new wind and solar projects and continued imports of hydroelectricity from Labrador.Rushton says Nova Scotia plans to increase onshore wind generation to power 50 per cent of the province’s electricity, up from 20 per cent.Liberals quietly extend ‘assault-style’ firearms amnesty to Oct. 2025
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