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REFLECTIONS ON THE MUSKRAT FALLS PROJECT

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Guest Post by David Vardy Introduction The sanctioning of the Muskrat Falls project in December of 2012 was a huge mistake, one which has spiralled into a major economic and environmental catastrophe.  The warnings of the joint federal provincial panel were ignored, as were those of the Public Utilities Board. These warnings relate to the lack of a business case for the project, the high risk for a small province, the adverse demographic factors, the lack of export markets and the high unit cost. A Gamble that failed In a Telegram article dated May 25, 2013 the Honourable John Crosbie said that �Muskrat Falls is worth the risk�, quoting T. S. Eliot on the subject of risk: Only those who would risk going too far can possibly find out how far you can go. Since then we have sailed on a sea of risk and reaped the whirlwind.  David A. Vardy The challenge now is to prevent the risks from destabilizing the provincial economy. The risks of operating the project may prove to be just as...
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TOM OSBORNE NEEDS A FISCAL AXE AND THE COURAGE TO USE IT

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PUT NAPE DEAL AGAINST A �STUPID� TAX ON BUSINESS

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