N.S. needs new energy strategy due to falling gas reserves – policy group. (Cana

 Nova Scotia needs a new energy strategy now that assumptions of plentiful natural gas are proving vastly over-optimistic, says a report prepared by a Halifax-based think-tank.

The study, released late Monday, notes that gas-reserve estimates off Sable Island have been reduced by almost 60 per cent in recent years. “Offshore activities continue to decline,” writes report author Larry Hughes, an engineering professor at Dalhousie University in Halifax.