Mr. Speaker, today I recognize a significant milestone for North Atlantic, a proud Newfoundland and Labrador energy company, with its planned acquisition of established energy assets in France. North Atlantic has entered exclusive negotiations to acquire a controlling interest in Esso SAF and full ownership of ExxonMobil Chemical France, developing a green energy hub of low-carbon fuels and renewable power.
This planned investment will strengthen our province's growing connections with Europe and enhance our energy security. North Atlantic's commitment to sustainable local growth is clear through its wind-to-hydrogen project, expansion of its transportation and retail operations, and plans for a green energy hub to export green energy to Europe. These initiatives will create opportunities for our people, our communities and our economy. Newfoundland and Labrador companies are not just participating—