25 July 2014

2019 should be interesting #nlpoli

The cheque’s been cash. 

There’s no more cash flowing.

But the deal is not quite done, yet.

8. No later than March 31, 2019, the parties agree to review the current arrangement.
The review will address a) the extent to which the Atlantic Accord objectives have been achieved, including the key objectives of the Atlantic Accord that Newfoundland and Labrador be the principal beneficiary of its offshore; b) whether Newfoundland and Labrador has realized lasting fiscal and economic gains from its offshore petroleum resources revenues; c) the Equalization arrangements then in effect; d) the fiscal disparities that then exist between Newfoundland and Labrador and other provinces; e) Newfoundland and Labrador’s undeveloped offshore petroleum discoveries; and will have regard to the 1987 Canada-Newfoundland Atlantic Accord Implementation Act, any legislation that implements the terms of this arrangement, and any other relevant considerations.
2019 is going to be an interesting year.
-srbp-

You can read how interesting 2019 will be in "The 2018/19 Offshore Review" (04 August 2014).

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