15 February 2011

Think federal equity stake

So the provincial Conservatives are still looking to Uncle Ottawa for a loan guarantee to build the Danny Williams Memorial Money Pit, a.k.a Muskrat Falls and a bunch of transmission lines. This is a really old story.

Danny Williams claimed he had a commitment at one point but for some reason the provincial Conservatives have to keep asking for it.

In the latest version, Kathy Dunderdale – Williams’ chosen heir – is asking again, and Prime Minister Stephen Harper is carefully examining the whole project that he supposedly already committed to fund.

Well, at least that’s what Kathy told us what Stephen said which is basically what happened before when Danny told us over an dover again that Stephen gave a loan guarantee which he apparently never did since Danny and Kathy have to keep asking for it.

Yes, yes, it is just more of the same but let’s just make this really simple.

Let’s remind everyone of what Stephen Harper said in 2006 when Danny Williams asked him to finance the Lower Churchill:

A Conservative government would welcome discussions on this initiative and would hope that the potential exists for it to proceed in the spirit of past successes such as the Hibernia project.

Hibernia project.


8.5% Equity stake.

How big a piece of the Muskrat Falls pie is Kathy willing to sell to Stephen Harper to build Danny Williams’ legacy?

- srbp -