Petrolia/Energy Policy: A Strong Signal for the Industry
(firmenpresse) - QUEBEC CITY, QUEBEC -- (Marketwired) -- 04/07/16 -- Petrolia (TSX VENTURE: PEA) is pleased to see that the guidelines contained in the Quebec government''s energy policy are in line with the action plan, announced in May 2014, which allows the government to commit to the development of the hydrocarbon sector by proceeding transparently and step by step.
The Quebec government''s focus on energy transition is good news because it acknowledges the importance of hydrocarbons in Quebec''s energy profile. It also acknowledges that hydrocarbons, which could eventually be produced here in Quebec, can play a positive role during the period of energy transition.
The adoption of the Water Withdrawal and Protection Regulation (WWPR) in August 2014 and the publication of the conclusions of the strategic environment assessments slated for spring 2016 are part of the process leading the government towards the adoption a law on hydrocarbons. As such, the government is setting the foundations for the establishment of a Quebec hydrocarbon industry.
It is perfectly reasonable for the government to rely on local hydrocarbon production to foster the energy transition set forth in the energy policy guidelines. Basing this transition on the consumption of locally-produced hydrocarbons would reduce the environmental footprint of Quebeckers'' overall hydrocarbon consumption.
The local production and consumption of hydrocarbons will be governed by far stricter environmental standards than under certain foreign jurisdictions producing some of the hydrocarbons consumed here.
It is a safe bet that local hydrocarbon production in Quebec will allow for a sound energy transition, with substantial economic benefits being kept at home, while at the same time reducing the GHG footprint of the various hydrocarbons consumed here. As a Quebec company headquartered in Quebec City, Petrolia has always embraced the ideal of energy self-sufficiency and the creation of wealth for Quebeckers.
About Petrolia
Petrolia is a junior oil and gas exploration company which owns interests in oil and gas licenses covering 16,000 km2 (4 million acres), which represents almost 23% of the Quebec territory under lease. The closing of a partnership on Anticosti Island has led to the creation of Anticosti Hydrocarbons L.P., a limited partnership in which Petrolia holds a 21.7% interest. In order to carry out the project''s operations, Petrolia Anticosti Inc., a subsidiary of Petrolia, was designated project operator. Petrolia is a Quebec company whose objective is to develop oil from here, by the people here, for here. Petrolia has 92 420 195 shares issued and outstanding.
Disclaimer
Certain statements made herein may constitute forward-looking statements. These statements relate to future events or the future economic performance of Petrolia and carry known and unknown risks, uncertainties and other factors that may appreciably affect their results, economic performance or accomplishments when considered in light of the content or implications or statements made by Petrolia. Actual events or results could be significantly different. Accordingly, investors should not place undue reliance on forward-looking statements. Petrolia disclaims any intention or obligation to update these forward-looking statements.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Alexandre Gagnon
President and Chief Executive Officer
418-657-1966
For Interviews
Jean-Francois Belleau
Director of Public and Governmental Affairs
418-657-1966
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 07.04.2016 - 13:30 Uhr
Sprache: Deutsch
News-ID 1426773
Anzahl Zeichen: 2454
contact information:
Contact person:
Town:
QUEBEC CITY, QUEBEC
Phone:
Kategorie:
Oil & Gas
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 195 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Petrolia/Energy Policy: A Strong Signal for the Industry
"
steht unter der journalistisch-redaktionellen Verantwortung von
Petrolia Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
