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Monday, February 15, 2010

Demise of Energy Hub In Saint John Denied

(Provincial Energy Minister Jack Keir)
(File Photo)

Is the much praised and talked about energy hub in Saint John dead? Many, including the K-C Irving Chair in Sustainable Development at the University of Moncton Yves Gagnon say yes it is. This after word a second refinery is on hold and no talk of a second nuclear reactor in months. Energy Minister Jack Keir tells CHSJ News, talk of the energy hub's demise is nonsense. He admits the energy sector is feeling the pain from the global recession but believes all of the oppotunities that were here and lost over the past two years will be back and taken advantage of by the private sector.
As for a second reactor, Minister Keir says they were unbelievably close to locking a deal in place but investors got nervous when problems continued to mount for Atomic Energy of Canada Limited.