For Immediate Release
May 9, 2023

econext has released a discussion paper which explores the economic development opportunities for Newfoundland and Labrador that are associated with the emerging clean fuels industry.

“We believe that clean fuels production presents an enormous opportunity for Newfoundland and Labrador, its economy, and its communities,” said Kieran Hanley, econext‘s CEO – referring to the wind energy to hydrogen projects being proposed within the province.

Hanley said it is important to view the potential benefits of the emerging industry beyond just those that come with construction and operations and the export of a commodity. “Newfoundland and Labrador has the potential to be among the first in the world to produce clean fuels at this scale, and with that comes a series of time-sensitive opportunities to position ourselves as leaders in innovation and training and attract more green industry.”

Download the Discussion Paper

“The purpose of this discussion paper is twofold,” said Hanley. “First, we want to create a greater awareness of the opportunities that are before the province, and second we want to get decison-makers and stakeholders thinking about how we go about pursuing those opportunities.” Hanley said that the discussion paper is intended to be the start of the conversation, and is not a definitive or conclusive report. “We welcome any and all feedback that can help us better understand these opportunities.”

“I would like to thank all of the econext members who provided their time and many of the ideas that are represented in the paper,” said Hanley. “econext looks forward to doing its best to advance many of the opportunities identified on your behalf.”

econext is an association of businesses that accelerates clean growth in Newfoundland and Labrador and works on behalf of over 200 members to foster environmentally sustainable economic development. More information can be found at https://econext.ca.

Media Contact:
Kieran Hanley
kieran@econext.ca