Newfoundland and Labrador
We can be ‘really proud’ of Muskrat Falls megaproject, former NL premier
Danny Williams championed Muskrat Falls as a form of energy independence from Quebec, before retiring from politics shortly after announcing the plan in 2010.
Hydro Quebec wins another round in energy feud with Nfld.
Court affirms its right to buy “virtually all of the power” from Churchill Falls dam.
Former Fortis president takes lead on Muskrat Falls project
Announcement to come regarding the resignation of Nalcor’s remaining board members.
NL’s bleak finances fuel angst for the future
Budget’s gouging of at least $3K per family is a lightning rod for fury and existential angst over the province’s future.
NL budget delivers tax hikes, job cuts, $2B deficit
Measures to cut government spending and raise cash are expected to cost average families $3,000 in new taxes.
Feds allocate $250M to help struggling Alberta
Little-known fiscal stabilization program provides help when provincial revenues fall by more than 5% from one year to the next.
NL introduces new generic royalty regime for offshore oil
Province expects the simplified system will make the province more competitive.
Muskrat Falls hydroelectric project over budget and delayed
Crown corporation attributes the increased cost of construction to market pressures and changes.
Hundreds of jobs expected as Vale approves new Labrador mine
Development will increase lifespan of Voisey’s Bay by 15 years and boost operations at the Long Harbour nickel processing plant.
Premiers sign national energy strategy after three years of talks
A communique released July 17 said the plan helps set energy priorities and “encourage the transition to a lower carbon economy.”
NL will have to wait until 2016 to see export recovery, says EDC
Machinery, auto parts and aerospace sectors will make up for major losses in energy.
Oil dependent NL lacks competitive edge, study says
Aging workforce among most profound challenges, Conference Board said.
Let’s follow the Fathers of Confederation
Some provinces are injuring their own potential by simplistically and reflexively opposing sensible economic opportunities.
Kruger withdraws from Corner Brook mill negotiations
Deadline to reach a collective agreement extended to June 22.
No subsidies for NL Kruger paper mill: minister
Natural Resources Minister Jerome Kennedy says Newfoundland and Labrador will consider any plan to save its last paper mill owned by Kruger but won’t offer direct subsidies.