Newfoundland and Labrador Budget 2026: Key Highlights for econext Members

On Budget Day in Newfoundland and Labrador (April 29, 2026), several announcements stood out as particularly relevant to econext members, especially across business growth, and environmental sustainability.

What We’re Seeing


Business

  • Reducing the Small Business Tax Rate to 2 per cent as of January 1, 2026, 1.5 per cent on January 1, 2027, and 1 per cent on January 1, 2028 to support over 6,000 small businesses in the province.
  • Establishment of a Red Tape Reduction Office

Environmental Sustainability 

  • $3.6 million for the implementation and improvement of waste management initiatives
  • $36 million for the Oil-to-Electric Rebate Program

Climate Resilience

  • $2.3 million over two fiscal years to produce flood risk maps for vulnerable communities as part of the joint Flood Hazard Identification and Monitoring Program with the federal government
  • $100,000 to support improved community emergency response planning in rural and remote areas in partnership with the federal government

Economic Development

  • $34 million to support economic development and innovation initiatives, including business growth, R&D, commercialization, export growth, investment attraction, and regional economic development
  • $7.75 million to support projects through the Green Transition Fund

Energy

  • Funding dedicated to the development of a 10-year energy plan
  • $8.65 million for the Innovation and Business Development Fund to expand the province’s energy supply and service capabilities
  • $584,000 for a Natural Gas Feasibility and Investment Opportunity Study to assess natural gas development options and attract private sector investment

Agriculture

  • Funding dedicated to the development of a 10-year Agriculture Strategy
  • More than $9 million in 2026-27 through the Sustainable Canadian Agricultural Partnership to support new agriculture projects and evolving industry needs

Mineral Resources

  • $900,000 to support iron ore development in Labrador, including the Labrador West Transmission and Regional System Impact Study and Julienne Lake iron ore project
  • $400,000 to help identify new critical mineral exploration targets
  • $1.3 million to advance critical mineral exploration in rural areas through the Junior Exploration Assistance Program

What We’re Not Seeing

 

Along with the implementation and improvement of waste management initiatives, we would like to see funding dedicated to the development of a provincial Waste Management Strategy, considering the most recent strategy was developed in 2002. We look forward to further discussions with the Department of Environment, Conservation and Climate Change regarding this priority.

We also look forward to contributing to the development of the province’s 10-year energy plan. Importantly, clarity regarding the MOU signed by Newfoundland and Labrador Hydro and Hydro-Québec, including the forthcoming report from the Independent Churchill Review Committee, will be significant inputs for this plan. We believe that the development of the province’s hydroelectric resources is vital to the long-term future of NL’s economy. We look forward to further discussions with the Department of Energy and Mines regarding this priority.

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To learn more about Budget 2026, visit the Government of Newfoundland and Labrador website: https://www.gov.nl.ca/budget/2026/.

Port of Botwood

The Port of Botwood is a deep water, sheltered harbour on Newfoundland’s northeast coast, strategically positioned as a central logistics hub for northern and remote regions. With extensive industrial zoned waterfront, ample laydown capacity, and year round road access, the port supports staging, storage, preassembly, and mobilization for large scale infrastructure, mining, housing, and community development projects. Botwood is advancing a modernization strategy focused on cleantech readiness, northern supply chain reliability, and long term partnerships.

Green Business Program – Info Session Webinar

About the Event

Date & Time: Thursday, May 21, 2026 at 11:00AM-12:00PM
Cost: Free
Location: Online Webinar (Zoom)

Are you a business looking for some insights on your environmental impact?

Join us for an info session all about our Green Business Program which offers eligible businesses the opportunity to explore their energy efficiency, waste generation and/or GHG emissions through partially funded assessments (75% of cost).

The session will include an overview of the program details. As well, we will be joined by speakers Emma Power from Fundamental Inc. and Sarah Halliday from Heave Away Waste Management, who will share information about GHG assessments and waste audits.

Why Participate?

  • Make better business decisions with real environmental data
  • Save costs and optimize operations
  • Strengthen competitiveness locally and globally
  • Prepare for Environmental, Social and Governance (ESG) reporting and investor expectations
  • Build sustainable growth and resilience

Register now!

This program was made possible through support provided by the Atlantic Canada Opportunities Agency and the Department of Jobs, Growth, and Rural Development.

Webinar: IP-101, Software Patents and Patent Pitfalls

Join econext, Springboard Atlantic, techNL, and Mining Industry NL for a practical, insight-driven session on protecting your intellectual property (IP), with a special focus on AI, software, and common patent pitfalls.

This webinar will explore how to safeguard your innovations, maintain a competitive edge, and navigate the evolving IP landscape. You’ll also hear from Springboard Atlantic on the federal ElevateIP program, including key insights on available funding and how to apply.

Whether you’re a start-up founder, researcher, or expanding into new markets, this session will equip you with the knowledge and tools to better protect and grow your ideas.

Speakers:

Kushal Shah, Associate & Patent Lawyer, Gowling WLG
Libby Carew, IP Counsellor, Springboard Atlantic (Newfoundland & Labrador)

Register Here

Now Available: econext 2025-26 Annual Report

econext is pleased to announce the publication of its 2025-26 Annual Report.

This has been an incredibly productive year for the organization. We invite you to take some time to explore the many accomplishments of econext’s Board and staff throughout 2025–26.

As always, we welcome your feedback. Please don’t hesitate to reach out to our team with any questions or comments.

Read the Report

econext celebrates accomplishments of local leaders during its annual AGM and Industry Awards Reception

For Immediate Release
April 23, 2026

 

Photography by: Ritche Perez

econext celebrated the accomplishments of local innovators and leaders in the clean technology and environmental services sectors during its Annual General Meeting and Industry Awards Reception on April 22, 2026.

This past year has been one of action, growth, and meaningful impact for econext” says Laura Barron, CEO of econext. “Across our programs, projects, and partnerships, we have worked alongside our members and stakeholders to advance Newfoundland and Labrador’s green economy.”

The following awards were presented during this year’s event:

Each awardee highlights a distinct contribution to Newfoundland and Labrador’s green economy — whether through bringing new technologies to market, expanding into global markets, promoting sustainable practices, or helping to shape the future of the industry.

“We received some amazing nominees for all of our award categories this year” says Colin Heffernan, Manager, Industry and Community Engagement and emcee of the 2026 Industry Awards Ceremony. “Simply put, we have so many econext members that have been doing great things in the last twelve months. To mention them all, we would be here for hours!”

 

Backgrounder

Business Excellence Award

econext‘s Business Excellence Award recognizes a significant initiative or achievement of a business engaged in Newfoundland and Labrador’s green economy. This could include the completion of specific projects, business growth milestones, or a contribution to the community from a sustainability or corporate social responsibility perspective. The award is judged according to the initiative or achievement’s impact as it relates to economic growth and development, positive environmental effects, and public awareness of green economy and environmental challenges or opportunities.

econext is proud to present the 2026 Business Excellence Award to St. John’s International Airport Authority.

Some of their key achievements in this past year include the launch of an organic waste diversion pilot in partnership with Harbour Farmstead, a climate conscious rural food system. Through this initiative, SJIAA collected organic waste from airport concessionaires for composting, ultimately turning waste into nutrient-rich material that supports the production of fresh, locally grown produce. Over the course of the pilot project, 7,728 pounds of food waste was successfully diverted from our landfill, significantly reducing our environmental footprint.

To complement this work, SJIAA conducted a comprehensive waste audit across its facilities to better understand the waste streams generated on site. This analysis provided critical insight into the types and volumes of waste that end up in the landfill and served as the foundation for a new, data-driven Waste Diversion Plan.

Strengthening their approach to climate accountability, SJIAA collaborated with industry experts to develop the SJIAA Carbon Management Plan (CMP). To reinforce this framework, SJIAA also adopted a formal Carbon Management Policy, an annual requirement of the Airport Carbon Accreditation (ACA) program, which publicly affirms their commitment to continuous emissions reductions and embeds climate considerations into organizational planning. As of November 2025, SJIAA is targeting a 20% reduction in Scope 1 and 2 GHG emissions by 2030. This target has been determined considering the progress experienced to date and planned activities over the next 5 years.

Supporting this work is SJIAA’s long-standing partnership with fellow econext member Fundamental Inc., who have provided expert guidance since 2017. Collectively, these efforts demonstrate SJIAA’s strategic approach to environmental stewardship. By combining measurable impact, strong analytical frameworks, community-centered partnerships, and clear alignment with their Strategic Plan, SJIAA continues to lead by example in advancing sustainability and supporting a cleaner, healthier future for our region, making them a well-deserving recipient of the 2026 Business Excellence Award.

Cleantech Innovation Award

econext’s Cleantech Innovation Award recognizes innovation at any stage of development in business and academia – from research and development, to commercialization, to refinement – of products, services, or processes that can mitigate effects to, protect, or enhance the environment. The award is judged according to the uniqueness of the innovation, the potential for positive environmental impact, and the potential for commercial application.

The winner of this year’s Cleantech Innovation Award is Angler Solutions Inc.

Angler Solutions Inc. are being recognized for a defining achievement in 2025: the development and commercialization of Model for Energy Systems Optimization (MESO).

MESO is a proprietary, patented modelling platform providing techno-economic analysis and optimization of early-stage renewable and hybrid energy projects. It was developed entirely in-house by Angler’s team of engineers and software developers.

At its core, MESO integrates capabilities that developers and analysts have historically needed multiple platforms to access. It performs energy balance modelling, GHG emissions forecasting, Levelized Cost of Energy (LCOE) and Levelized Cost of Storage (LCOS) analysis, and GIS-based constraint mapping — all within a single configurable environment. It supports a wide range of power generation technologies, energy storage technologies, and end uses including green fuel production and dynamic industrial loads. An AI-enhanced forecasting layer further strengthens the quality of inputs and outputs.

What makes MESO genuinely distinctive from other similar tools on the market is its ability to be customized. Unlike competing tools, which offer standard analytical frameworks, MESO can be configured to represent a specific client’s actual energy system, then used iteratively for scenario planning, transition pathway analysis, and strategic decision support. The MESO platform is no longer a concept or prototype, having been piloted with users across Canada and internationally, including Growler Energy, Canadian Nuclear Laboratories, NRCan CANMET, Memorial University, the College of the North Atlantic, and European firms including Netherlands-based Haskoning. MESO is an innovation built in Newfoundland and Labrador, solving global problems, with clear commercial traction already underway.

Angler Solutions Inc. is a Newfoundland and Labrador company building a globally relevant technology. MESO is not a future ambition, it is a working product with real clients, real deployments, and a credible path to scale.

International Business Award

econext‘s International Business Award recognizes a significant initiative or achievement of a Newfoundland and Labrador organization engaged in international business activities relating to cleantech or environmental services. Initiatives or achievements could include export success, diversification into new sectors or markets, collaborative research and development, or the establishment of international partners. The award is judged according to the relative impact of the internationalization activity for the individual business and/or the industry at-large.

The winner of this year’s International Business Award is North Atlantic.

In 2025 North Atlantic made one of the biggest international business acquisitions in NL history — a $600 million expansion into Europe, acquiring a controlling stake in Esso Société Anonyme Française SA and of 100% of ExxonMobil Chemical France SAS, two independent companies of the ExxonMobil group making up the Port-Jerome-Gravenchon oil refinery in Normandy, France. The Gravenchon facility is the second largest refinery in France and one of the largest integrated chemical complexes in Western Europe. This acquisition complements North Atlantic’s growing ambitions to help drive the energy transition. North Atlantic is taking big steps toward a cleaner, sustainable, and economically prosperous future. Strategically located between Europe and North America, North Atlantic is developing a Green Energy Hub in Newfoundland and Labrador with a 1.1 GW (gigawatt) wind-to-hydrogen project in Placentia Bay. The aim is to develop Gravenchon into a green energy hub, leveraging its infrastructure to accelerate the deployment of low-carbon fuels and renewable power.

North Atlantic’s expansion into Europe via France in 2025 represents a significant diversification of both markets and geography for the company. The acquisition gives North Atlantic a foothold in Europe where it aims to export hydrogen.

Industry Champion Award

econext’s prestigious Industry Champion Award recognizes the contribution of an individual to the growth of Newfoundland and Labrador’s clean technology and environmental services sector.

Don Drew of Newco Metal and Auto Recycling Ltd. is the 2026 recipient of econext’s Industry Champion Award!

Don’s career in the metal recycling business stretches over 16 years, 14 of those as Operations Manager with Newco Metal and Auto Recycling Ltd. Don has been involved in general operations, environmental cleanup projects, acquisition and distribution of material and equipment, including numerous projects throughout Newfoundland and Labrador as well as the Arctic. Don completed plans to properly recycle the metal from Cold War Dewline sites in the north while bringing the metal back to this province to be properly recycled.

Don is not known for complacency. Through his time at Newco he has worked to grow metal recycling in NL to exceed volumes recycled in larger provinces. Under Don, Newco has built a reputation worldwide in terms of the quality of the metal they recycle. A pioneer in circularity, Don has enhanced opportunities for regional landfills to utilize the by-products of the metal recycling operation, allowing them to use the soil removed from the recycled metal as alternating ground cover on waste disposal sites, reducing the volume of virgin blasted rock needed and increasing the compostability of the landfills.

In addition to leading private projects with Newco, Don has coordinated with Municipal, Provincial, and Federal levels of government to remediate ignored, abandoned, or troubled sites throughout the province. These former mines, mills, oil storage tanks, and derelict industrial locations are lingering hazards that he found responsible solutions for.

Don does not leave environmental stewardship at the office. He served for 15 years as mayor, deputy-mayor, and councillor with the Town of Bay Bulls; duties included chair of public works, waste management, development, environmental, and tourism. During that time Bay Bulls was honored with more municipal awards than any other town in the province, including Environmental Awareness and Excellence in Governance twice each. Don has worked diligently to ensure the environmental measures and policies of the town created a safe and sustainable community. Don has served on the board of econext numerous times, and has volunteered as a mentor for the Project Zero econext incubator. He has also generously given his time in raising funds for medical charities.

As a result of his commitment to the Circular Economy and the environmental industry in Newfoundland and Labrador, econext is proud to recognize Don Drew as the 2026 Industry Champion!

2024-25 Financial Statements

Duke Marine Technical Services Inc.

Duke Smart Staffing Solutions is a proudly Canadian, woman-owned, recruitment firm with over two decades of expertise in professional and technical staffing. As a trusted contributor to Canada’s National Shipbuilding Strategy (NSS), we deliver authorized, highly skilled talent to support oil and gas, naval, commercial shipbuilding, and marine engineering projects across Canada, the U.S., and globally.

Duke believes in providing transparent, honest, and accessible staffing solutions. Our extensive database includes over 20,000 abstracts of talented, enthusiastic, and professionals. We take a proactive approach to understanding our clients’ needs, engaging closely to anticipate challenges and opportunities. By working efficiently and collaboratively, we accelerate our processes to deliver timely, effective results, without compromising quality.

Fred It Right

Fred It Right is an AI and data analytics company providing decision-support infrastructure for the circular economy. We leverage a proprietary computer vision platform to characterize waste streams at the point of disposal, transforming resident engagement into high-fidelity data. By capturing real-time brand, packaging, and location analytics, we empower municipalities to reduce contamination, increase diversion, and drive operational efficiencies. Our platform identifies specific items of confusion by location, providing the granular data required for targeted outreach, education, and Extended Producer Responsibility (EPR) compliance.

EOI – Work-Placement Hosts (Fully Funded 4-month Internship) and Connector Event

econext is seeking expressions of interest from companies in the clean, green, and blue sectors interested in partnering with econext to host an open house (connector event) and internships as part of the Green Roots program. The requirements are as follows:

  • Host an open house connector event in June 2026.
  • Internship must be four months/120 days in duration and hosted between July 2026 – October 2026
  • Internships must be completed by October 31, 2026
  • Host companies must provide meaningful full-time work and experience (at least 35 hrs/week)

About the Company Connector Event

These are networking and connector events where program participants can meet and engage with potential employers in the green economy sector by visiting their office spaces. Host companies share about their products and services and engage with participants.

Expectations of Connector Event and Internship Hosts

Funding of up to $13,000 per placement will be provided to participating companies. Any costs related to intern compensation or project participation that are over and above the provided funding will be the responsibility of the host.

Participating hosts will be required to participate in a DEI micro-learning training provided by econext to prepare them to provide meaningful work and experience to the work-placement participants.

Instructions for Submission

Interested companies should indicate their interest by emailing Ogaga Johnson, Director of Workforce Development for econext, at ogaga@econext.ca.

The submission should include:

  • A short summary (200 words or less) of your organization and its connection to or activity in the clean/green/blue sectors;
  • A short summary (200 words or less) of the type of work experience you can provide to the participating interns; and
  • The name, position, and complete contact information for your organization’s point of contact.

Any questions regarding this initiative or the submission process can be forwarded by e-mail to ogaga@econext.ca.

Deadlines

The deadline for submitting questions for the expression of interest is April 30, 2026. 

The deadline for submitting an expression of interest is April 30, 2026.