Government of Newfoundland and Labrador

Newfoundland and Labrador has an abundance of oil, natural gas, hydroelectricity and wind resources, as well as the potential to supply energy from other sources such as uranium, biomass, hydrogen, wave and tidal. This substantial inventory of energy sources makes the province an Energy Warehouse that can meet its own energy needs while providing significant energy for export to other jurisdictions where energy demand also continues to grow.

The Department of Industry, Energy and Technology (IET) is the lead for innovation, economic development and diversification in Newfoundland and Labrador.

The department focuses on creating a competitive environment to support private sector investment and business growth; and supporting industries in Newfoundland and Labrador such as mining, energy and technology. Working closely with key stakeholders, the department also develops and monitors supporting regulatory and benefits activities