P.M. BRIEFING : Canada Offshore Drilling OKd
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<i> From Times Wire Services</i>
ST. JOHN'S, Canada — The country’s largest offshore oil-drilling project has been approved, and construction is expected to begin almost immediately, Canada’s federal energy minister announced today.
The formal go-ahead for the $4.5-billion Hibernia oil project off Newfoundland’s coast was announced by federal Energy Minister Jake Epp as a major advancement for the economically troubled Atlantic province.
“Hibernia will bring jobs and economic diversification to Newfoundland and all of Canada,” he said.
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