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A shale gas drilling rig at Saint-Edouard-de-Lotbiniere Que.
A shale gas drilling rig at Saint-Edouard-de-Lotbiniere Que.
(JACQUES BOISSINOT/THE CANADIAN PRESS)

Anticosti Island shale oil could revitalize Quebec economy

There was much talk during Quebec’s latest election about the possibility that Quebec could be sitting on a substantial oil find under Anticosti Island that could be worth, according to former premier Pauline Marois, about $45-billion, although those reserves are still not confirmed.

Last February, a few short weeks before calling a general election, the former Parti Québécois government announced an investment of $70-million in order to take an ownership participation in an exploration project on the island. This decision surprised many, as shale oil and gas exploration had been the subject of intense debate over the previous five years, even among PQ cabinet ministers prior to gaining power in September, 2012.