Emera, a maritime electricity company, is attempting to demonstrate that moving power over a subsea cable from Newfoundland to Cape Breton is the best and most affordable long‐term electricity solution for the Maritime Provinces. The Nova Scotia Utility and Review Board (the "Board") will be reviewing the 100 km project, called the "Maritime Link". The total cost of the Maritime Link is currently unclear, although initial estimates placed it at $1.2 billion. Regulations indicate the Board can approve the project if it "represents the lowest long ‐term cost alternative for electricity for rate payers in the province". The Board will have 6 months from the date that the application is filed to make a decision. Under the deal, Emera is to receive 20% of the power for 35 years, for 20% of the cost of the entire lower Churchill project, which is expected to cover 8 ‐10% of Nova Scotia's energy needs.
Imperial Oil, a Canadian Petroleum company, has drawn buyer interest for its refinery in Dartmouth, Nova Scotia. The CEO of Imperial Oil has not commented on the parties interested in purchasing the refinery, calling it a private process. The refinery has capacity for 88,000 bpd of crude oil. In addition to a sale, Imperial is considering turning the Dartmouth refinery into a storage terminal. The refinery began production in 1918, and currently employs approximately 200 people. It produces a wide range of petroleum products including gasoline, aviation fuel, diesel, marine fuel and asphalt. Most of these products are sold in the Atlantic Provinces and Eastern Quebec.