ANALYSIS | Shale gas carries major risks and rewards for Holt Liberals | CBC News

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analysis-|-shale-gas-carries-major-risks-and-rewards-for-holt-liberals-|-cbc-newsANALYSIS | Shale gas carries major risks and rewards for Holt Liberals | CBC News

New Brunswick·Analysis

More than a decade after shale gas extraction became a political liability in New Brunswick, it’s re-emerging as a potential lifeline for another debt-and-deficit-laden government.

Budget deficit, social programs, trade war, Tantramar gas plant all linked to potential development

Jacques Poitras · CBC News

· Posted: Sep 02, 2026 5:00 AM EDT | Last Updated: 1 hour ago

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A woman wearing a blazer speaking into a micPremier Susan Holt said the results of the review of the shale-gas moratorium will be announced in January. (Michael Heenan/CBC)

More than a decade after shale gas extraction became a political liability in New Brunswick, it’s re-emerging as a potential lifeline for another debt-and-deficit-laden government.

The Holt Liberals are leaning into the upside on several fronts as they launch a five-month review of the moratorium on hydraulic fracturing announced last week.

“How much would it help us to fund what we all need, like collaborative health-care clinics in your communities or better health-care access or help in paying the bills?” Natural Resources Minister John Herron said, identifying a key question the review will try to answer.

An appreciation of the political risk was also clear at the announcement: the government would have to be “certain” it would be safe,

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