Tuesday, December 18, 2012

MUSKRAT SANCTION LACKS FEELGOOD FACTOR



Tis the season for a few unwanted gifts!

We all have a relative that does not know us well enough to select a thoughtful gift.

That feelgood factor is what is missing from the pomp and ceremony at yesterday evening's Muskrat Falls announcement.

NALCOR’s Ed Martin says the trucks are ready – reality check, the trucks have been rolling!

Despite the fact that Emera has not signed on, Premier Dunderdale has gone forward with sanctioning the project. She is throwing the dice with the province's finances on the line.

The media is reporting that after years of study the government is moving forward. There is little mention of the ring fencing, the ignored independent reports, the PUB debacle, ignoring the rights of the NunatKavut , existing court challenges, the Emera bookend & the lack of markets for 40% of the power.

Bah Humbug you may say!

Not really, like nearly everyone in this province, I really want to see the benefits of the development of our non-renewable resources.

 I felt that the Grime’s proposal to develop the project was too risky because the cost-over run clauses had the potential of giving Quebec too much.

Now it would appear that we have jumped out of the frying pan and right into the clutches of Emera.

Last night's theater had the nuance of Nero fiddling while Rome burned.

Time will tell if the Toga fits.

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