Showing posts with label Lower Churchill. Show all posts
Showing posts with label Lower Churchill. Show all posts

Loan Guarantees and Subsidies

In my opinion, Stephen Harper has done the right thing proposing to grant a loan guarantee to Newfoundland so that it can develop the Lower Churchill hydroelectric project and an undersea transmission line to sell that electricity to the USA. From a political point of view though, he's walking into a minefield that pits Newfoundland (7 seats) against Quebec (75 seats). Rex Murphy in the article