12 June 2007

A meaningless gesture

And an entirely pointless debate.

Under amendments to the FPI Act passed last year - in just a single day - the power to break up the once-proud Newfoundland based company and sell the assets to a grab bag of local and international companies was passed to the cabinet.

Cabinet has exercised its powers; that's why the deal has been announced already.

The old FPI legislation can be scrapped without any worries.

It's just too late to do anything about the sale of the company.

The Opposition gave up their right to deal with this issue last year. They can't moan about it now or accuse the cabinet of doing something improper.