Churchill Falls: A Double-Edged Sword for Newfoundland and Labrador
Premier John Hogan is staking the province's future on a single, unfinished deal with Quebec.
For the past month, Premier John Hogan has been focusing on the province's energy future in the Newfoundland and Labrador election. He made a vow in Happy Valley-Goose Bay to ensure the redevelopment of the Churchill Falls hydroelectric project, which would boost the economy and resolve a long-standing dispute with Quebec.
- The project and a tentative new development deal with Quebec could unlock hundreds of billions in new revenue.
- An estimated 8,000 new jobs could be created, transforming the province's economic outlook.
The province, which was on the brink of financial disaster five years ago, is counting on this deal to stabilize its economy.
The Labrador project is vital to provincial coffers, promising to radically transform the economic outlook.
Author's summary: Churchill Falls could make or break Newfoundland and Labrador's economy.