New investments in Memorial University of Newfoundland's research and development capacity may hold the key to producing additional oil offshore Newfoundland and Labrador.
A $1.03 million investment by HiberniaManagement and DevelopmentCompany Ltd. (HMDC) will establish twoinitiatives at College of the North Atlantic(CNA) to expand access to trainingopportunities for women, individuals withAboriginal status, persons withdisabilities, and members of visibleminorities.
A $600,000 investment to the Rovers Search and Rescue Team of the Northeast Avalon by Hibernia Management and Development Company Ltd. (HMDC) will support the establishment of a Regional Volunteer Search and Rescue Response and Training Facility in Paradise, Newfoundland and Labrador.
The Johnson GEO CENTRE will roll out more science projects for youngchildren in Newfoundland and Labrador thanks to $660,000 of additional funding from HiberniaManagement and Development Company Ltd. (HMDC), taking total contributions to almost $3million.