The
group watched — in horror — as Nalcor openly backed itself into a corner as it
continued to spend tens of millions on the Muskrat Falls project knowing, as it
did, that the Federal Government had given veto power to Nova Scotia over award
of the Federal Loan Guarantee (FLG) — and thus project sanction.
By
the time Bruce Huskilson, Emera’s CEO, had finished shaking down Ed Martin, the
UARB — the equivalent of our PUB, acting on behalf of the Government of Nova Scotia — must have known Nalcor would agree to any demand to get sanction.
Nalcor’s
behavior has always contradicted the rules of common business practice, and of
common sense.
