09 November 2009

Lower Churchill a long way off

In another Telegram story not available on line Danny Williams admits the Lower Churchill is still a long way from being a reality:

“We’re not looking at a Lower Churchill in the near term. “

He then expressed his hope to have the project approved within two years and started some time after that.

But that’s just his hope, not a prediction of anything.

As Bond Papers readers have known for some time, the project is full of problems, not the least of which is a lack of markets and financing, the two elements crucial to building the multi-billion dollar project.

Again, it’s pretty much old hat since he’s been dampening expectations about the project since at least early 2008.

Many people didn’t quite know what to make of it. Now we know that Williams had been consistently rebuffed for five years in his efforts to get Hydro Quebec to take an ownership stake in the project.

That wasn’t what Williams said publicly at the time but then again, when people don’t know what’s going on they can’t ask uncomfortable questions.

Incidentally, it has been two months now and not a single conventional news media outlet has bothered to follow up on the stunning revelations from natural resources minister Kathy Dunderdale about the secret pitches to Hydro Quebec.