Navdeep Bains, the minister of innovation, science and economic development announced that the Canadian Government will be investing $467,200 into a feasibility study looking at natural gas development in the Beaufort Delta.
The project will be led by the Inuvialuit Regional Corporation (IRC), an Indigenous owned group who will assess the viability of natural gas power in Inuvik. The hope is gas development will result in lower living costs for home owners and businesses, while creating job opportunities and supporting cleaner energy.
Chair and CEO of the IRC Duane Smith said the Inuvialuit are committed to unlocking the potential of the region, and hope to take advantage of the cleaner energy below their feet.
Inuvik used to use two natural gas wells, but have recently been on diesel because of signs of depletion. Diesel for Inuvik is transported from over 2,500 KM away, rendering it not always reliable.
The new Inuvik-Tuktoyaktuk all season highway will provide the town access to land with natural gas potential.