A report from Moncton consultant David Campbell being presented at a special meeting of council, giving an overview of New Brunswick's energy sector and how energy impacts our economy.
Mayor Mel Norton tells CHSJ News City Council needs to send a message to everyone in New Brunswick that this is the kind of opportunity that can pay huge dividends, can provide real services, can keep people in this province and bring people who have left the province back home.
While the Saskatchewan government gets 21-per-cent of its revenue from energy royalties, New Brunswick gets only 1-per-cent. Campbell says our economy has been flat-lining since 2008 partially because of a lack of energy infrastructure investment.
Campbell says there's an estimated 70-trillion cubic feet of gas in the McCully and Stoney Creek fields, which would translate into about a 50-60 year industry.
