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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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NOT JUST EDDIE JOYCE; KIRBY AND THE PREMIER SHOULD GO, TOO

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On Saturday the Tories elected a new Party leader. That�s nice. But will he lead? There has been no effective Opposition for at least a decade. Nor has leadership come from the Government benches over the same period, either. When the economy is going well, business is booming and employment rates are high, leadership of all kinds � especially political leadership � is a commodity taken for granted. Governments play an important role in this economy, even if far too often it is with a negative effect.  Perhaps it is in the nature of societies to think that things happen for no particular reason.  Truth is, that�s rarely the case.  The inability to lead, to be proactive, to have a nose for crisis, and to be willing to undergo the stress of intervention, is at the heart of the Liberal Government�s latest crisis, too. The Eddie Joyce affair is simply another manifestation of a Dwight Ball Government in perennial crisis.  Joyce is gone. Dale Kirby should be gone. The Pr...
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POWER CORRIDOR FOR QUEBEC NOT ALL THAT IT SEEMS

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What's behind the recent announcement by federal Energy Minister Jim Carr promoting   an �energy corridor� for the Atlantic provinces? How does it relate to this province? Are there other issues at play that should worry NL? Is the financial �dead carcass� of NL about to be picked over?* ......................................................... T he public should worry when weak governments run the province. For a decade, successive administrations have given little focus to tough public policy issues, worsening an already difficult fiscal situation. They don't see that successful societies harm themselves looking inward when predators come calling.  We forget that, while political parties, labour and business conduct their affairs with a vision narrow enough to be thought �in the moment,� the real business of politics � our business � is being managed in places where strategic self-interest has long been defined. A few weeks ago, a story by La Presse in Montreal contained som...
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