The new industry in eastern Canada : expectations and aspirations

The impact that the emerging petroleum industry has had on the local economy in Nova Scotia, and in particular Guysborough County, was discussed. In its early stages, the Sable Offshore Energy Project (SOEP) was met with cynicism by the local communities, and for good reason. In the past, millions of dollars had often been invested into numerous projects that never developed. However, the SOEP, which is financed almost completely by private investment, has become a full-blown success. Equally important, SOEP is sensitive to and is supportive of communities' needs. As a result of this confluence of events, the county is now the centre of the largest industrial project in the history of the province, creating excellent job prospects. On the other side of the coin, the Municipality too, has shown commitment to the development of the industry by investing substantial amounts of money to facilitate development of the industry. Today, people are coming from central and western Canada to find jobs in Nova Scotia, a complete turnaround from just a decade ago