BP plots oil exploration program on Canada’s East Coast

Last year, fossil fuel giant BP left the oilsands to dive into Canada’s offshore market, and is now set to explore a new region on the East Coast it hopes holds up to five billion barrels of oil. About 400 kilometres off Newfoundland’s coast, BP is planning to drill its first exploration well at a site called the Cape Freels prospect this summer. Industry publication Oilprice.com recently ranked Cape Freels fourth in its top five projects around the world to “shake up the market” this year. Acco