St. John’s Mayor Danny Breen is looking forward to better days ahead with increased production in oil and gas and green energy opportunities on the horizon.

Breen delivered his annual State of the City Address to St. John’s Rotary yesterday.

While the St. John’s Census Metropolitan Area saw modest economic growth, excluding the oil and gas industry, real GDP was down due to lower oil production.

Breen admits that oil and gas is still a major economic driver in the province and with increased production in 2024 they’re also looking ahead to green energy opportunities.

“You never want to be too reliant on one sector,” says Breen, “but the oil industry here is strong, and we also have great opportunities in the province through hydrogen and wind energy…so our job is to capitalize on those opportunities.”