Repco plans stock market float and a sale of its stake in a coal mine.
Nova Scotia’s Progressive has sold its stake in the $7.1-billion Suncor mine that would generate 1,200 jobs.
Nova Scotia also sold its stake in the $12 billion St. Lawrence Valley Energy mine, announced in 2014, and will invest $2.5 billion in the Energy Sands project, the province’s biggest new coal mine.
Progressive’s plans for the Energy Sands project will depend heavily on whether the Liberals can build a second coal-fired power plant at one of the two sites near Windsor.
The NDP said it was disappointed with the Liberal announcement but it was too early to judge what would happen once it becomes clear that the $2.1 billion plant is built, but it 바카라사이트doesn’t believe it’ll cause layoffs.
The Liberals offered the $2.1 billion deal, at a reduced value to the $3.6 billion in plant construction costs, to Nova Scotia-based energy company Dominion Energy in exchange for having Nova Scotia get a portion of the $890 million it will pay for the coal plant.
A spokesman for the NDP said the NDP would have offered more money if Nova Scotia’s new Liberal government could have done more to build the plant.
The Liberals would only say their government has now concluded an economic evaluation that shows a second power plant is more viable.
New Democrat spokesman Nathan Cullen said a second coal plant that wouldn’t create jobs is not in the budget anymo바카라re.
‘The people of New Brunswick are very concerned with this issue, and it’s very important that the government do the work to make sure this goes through as planned,’ Cullen said.