New Brunswick businesses encourage government to lift the moratorium on hydraulic fracturing

FREDERICTON, NB (MARCH 29, 2016) – Members of New Brunswick’s business community gathered in Fredericton today to encourage government to lift the moratorium on hydraulic fracturing.

“There’s no question that we have to respect and protect the environment. As a business community, we would like to see the ban on hydraulic fracturing lifted so New Brunswick has the chance to explore this potential economic opportunity,” said Joel Richardson, Vice President, New Brunswick & PEI Divisions, Canadian Manufacturers & Exporters (CME). “Industry and the environment have and can continue to co-exist and bring revenue, jobs and investment to this province.”

The group stated that the report by the New Brunswick Commission on Hydraulic Fracturing supports the position that natural gas can be undertaken safely and environmentally responsibly.  In fact, natural gas development through hydraulic fracturing has been going on in New Brunswick since the early 1990’s – safely and without incident.

A number of economic opportunities have been cancelled or delayed, leaving the development of natural gas as one of the few job creators left to pursue in New Brunswick.

“Without our own supply of natural gas, New Brunswick businesses and residents will pay to transport the gas here, resulting in higher natural gas prices than the rest of North America,” said Colleen Mitchell, president of the Atlantica Centre for Energy. “Significant time and taxpayer dollars have been spent analyzing whether or not to proceed. Numerous studies and actual practice have confirmed the industry can develop safely with the proper regulatory oversight, plus 52% of New Brunswickers have voiced their support. As a collective, we ask the New Brunswick government to lift the moratorium.”

Today’s press conference included representatives from the True Growth Natural Gas Working Group, Atlantica Centre for Energy, Atlantic Chamber of Commerce,  the New Brunswick Responsible Energy Development Alliance, the NB Division of the Canadian Manufacturers & Exporters, SPARK (formerly the Metal Working Association of NB) and the New Brunswick Petroleum Alliance.