DUNDERDALE'S BIG SANCTION CHARADE

Given all the pomp and ceremony yesterday evening, you might have been left with the impression that Muskrat Falls was sanctioned. I have bad news.  Premier Dunderdale has less of a “sanction” agreement with Emera than she has a “Loan Guarantee” with the Federal Government.  In truth, she has neither!

What should have been a paragraph of unqualified consent, Emera’s Sanction Agreement runs 29 pages plus a Schedule.   

What did we get last evening? Essentially, a statement that Emera would play along with the NL Government if it wanted sanction now but only if NL was prepared to pay a big price AND only if they could still be permitted to walk away.  The sanction ceremony was a big charade.