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Oceanic Wind Energy Inc V.NKW.H

Alternate Symbol(s):  NKWFF

Oceanic Wind Energy Inc. is a Canada-based renewable energy company with a focus on an offshore wind energy project. The Company's primary business is the development of renewable energy projects. It has been developing an offshore wind project on the north coast of British Columbia in Hecate Strait.


TSXV:NKW.H - Post by User

Post by BayWallon Feb 21, 2024 7:57am
68 Views
Post# 35890403

A bit off topic but...

A bit off topic but...

Reuters, Feb 21, 2024:

Canada has secured the surrender of the last remaining permits for oil and gas development off its Pacific Coast, the federal natural resources minister said on Wednesday, after Chevron Canada voluntarily relinquished 23 permits this month.

Energy and Natural Resources Minister Jonathan Wilkinson said the relinquishment of the permits marked an important milestone in permanently protecting the ecologically rich waters of Canada’s west coast.

While there has been a federal moratorium on oil and gas exploration off the Pacific coast since 1972, permits issued before that date were still valid. U.S. oil major Exxon Mobil also relinquished a number of permits last year.

“With these final permits, Natural Resources Canada has officially secured the surrender of all 227 permits in the Pacific offshore,” Wilkinson said in a statement.

In a statement posted on its website on Feb. 9, Chevron Canada said it had no plans to pursue development of these offshore permits, which cover an estimated 5,900 square kilometres.

Several of the Chevron permits fell within marine protected areas, Wilkinson said.

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