Energy NL CEO cautiously optimistic on Federal Budget

Energy NL CEO Charlene Johnson says while there is a lot to analyze and seek clarity on in the federal budget, she is "cautiously optimistic" on its contents.

Johnson is pleased with the elimination of the emissions cap, though is seeking clarification from the Government of Canada on exactly when and how that process is to occur. The elimination of the emissions cap has been a priority issue for Energy NL.

The organization is also pleased with infrastructure and a commitment portion to build and grow the economythrough resource and other infrastructure projects.

Johnson is also pleased to see that the Government of Canada will take another look at the so-called ‘greenwashing’ legislation.

Contracts for difference through the Canada Growth Fund is a positive initiative to help the onshore wind sector complete offtake agreements and establish conditions for project sanction and success.

The budget also refers to a number of other initiatives such as tax incentives for carbon capture technology, low-carbon LNG, and clean electricity that may positively impact the energy industry, along with an approach to cut regulations and red tape more broadly.