Showing posts with label New Dawn. Show all posts
Showing posts with label New Dawn. Show all posts

07 October 2020

Innu Nation suing provincial government not HQ over Churchill Falls #nlpoli

 

Laws suits get filed in court.

Political claims for cash launch with a news conference, a website, and a deceptive news release that misidentifies the target of the action.

The Innu Nation statement of claim  filed in Newfoundland and Labrador  Tuesday is against the Churchill Falls (Labrador) Corporation as the first defendant in its claim for $4 billion in damages.  The provincial government owns 65% of CF(L)Co and Hydro-Quebec owns a minority interest (35%).

There’s no reason to sue HQ since it is a minor partner in the company that runs Churchill Falls and manages the reservoir built in the 1960s on land claim by Innu in Quebec and Labrador.  Whatever liability HQ might have would be through CF(L)Co.

Otherwise, Hydro-Quebec is just a customer for the power.  And if Innu Nation wanted to include the customers of the power, then it would have sued every single customer of CF(L)Co since 1971, which would include companies and towns in Labrador, Ontario, and the United States. 

There are lots of little clues in the claim that this is a political move, not a legal one.

11 July 2011

You might know it as bribery, Ma’am

The eagle eyed nottawa picked up on something in a column by Michael Johansen at the Telegram.

It’s a reference to a cash payment due to the Innu of Labrador as part of the land claims deal they approved in a recent referendum. Johansen refers to it this way:  “the Innu would be paid $2 million within days as compensation for damage caused to them by the original Churchill Falls development.”

Nottawa points out that:

Payments - particularly those to be made within days - to groups or individuals contingent on their voting a certain way are generally frowned upon. In most cases, they're outright illegal.

Would no one be troubled, or at least curious enough to enquire if in the next election, I went knocking on doors with a campaign slogan like "Ten Grand In The Hand"?

Now if you look at the terms of the draft agreement released in 2008, the compensation payment is $2.0 million annually until 2041.  The payments start “upon ratification and execution of the” impacts and benefits agreement.

There’s no reference in the early draft to the money being compensation or anything of the sort.

“Compensation” came up in the news release the provincial government issued when it released the draft agreement.  It’s in the quote from no less a person than Premier Danny Williams.  He said the agreement included “redress on the upper Churchill hydroelectric development.”

A couple of paragraphs later, the magic word appears:

The agreement also provides compensation to the Labrador Innu for impacts associated with the Churchill Falls development. This settles the outstanding grievance of Innu Nation with respect to damages suffered to Innu lands and properties as a result of the flooding caused by the upper Churchill River development in the 1960s.

Now you wouldn’t have to be a rocket scientist to connect up the payment set out in the agreement and the references to compensation in the official government statements in 2008.  From the comment you get what the intention of the payment is, even if the agreement itself doesn’t state what the money is for.

But whether the idea of connecting acceptance of an agreement on a wide range of issues with a payment to redress a grievance causes very serious legal problems is another matter entirely.

That matter is serious, as nottawa is suggesting.

It is so serious, in fact, that someone needs to clarify this, sooner rather than later.

- srbp -

01 July 2011

Innu vote overwhelmingly for something

The Innu of Labrador voted overwhelmingly in favour of something on Thursday.

News media are calling it the “New Dawn” agreement and say that the vote approves the Lower Churchill development, gives Innu compensation for Churchill Falls and does a few other things.

Not the least of those other things is “pave the way” for Muskrat Falls.

Beyond that, details are sketchy.

communionwaferwaiterKathy Dunderdale, seen at left waiting to receive communion outside the House of Assembly,  took time out from her junket to Europe to issue a news release about the vote.  The release contained no details on the deal.

What exactly are we talking about here? 

A very good question, grasshopper.

In late 2008, Danny Williams announced something called the New Dawn agreements. 

You can find a news release on it, as well as a link to a document signed by the provincial government and the Innu nation.  Labradorians might find the accompanying map – the one detailing Innu land – to be a bit more interesting than anything else.

Supposedly it was the last step before a final agreement set to be finished by the spring of 2009.   That release had lots of interesting details in it, including reference to privatising Churchill Falls.

Local media didn’t report on the details very much.

Okay. 

That’s an exaggeration.

They didn’t report the details at all.

And then suddenly it wasn’t the end of negotiations.

Like poof,  the Innu had to negotiate again.

They cancelled a vote scheduled for January 31, 2009 in the face of so much opposition to the deal the Innu Nation leadership had no choice but stop things cold.
Lots of talks and rumours of discussions followed but at no point did anyone discuss – nor did anyone report – anything on what the Innu and the provincial government were talking about.

Even last November, the Innu were the most noticeable cloud raining on Danny’s “I am outta here” parade. 

From an American consular briefing note leaked earlier this year, we know that Emera balked at the first discussions about something called the Lower Churchill project.  In the end, Danny Williams gave away a whole pile of stuff in order to get them to show up for his surprise retirement announcement.

So what did the Innu get for all their hard bargaining from the guy who was that anxious to get out the door of the Premier’s Office he gave Emera 35 years of free electricity, discount electricity above and beyond that plus a share of transmission revenue in Newfoundland and Labrador no other company has, all in exchange for building a power line across the Cabot Strait?

Emera didn’t have to negotiate half as long as the Innu to get their free gifts.
And they didn’t have a legitimate claim to own the land and resources everyone wanted to develop.

And that was after Williams used the legislature to seize generating plants from other companies just because he could.

T’would be nice if someone turned up some details and told the rest of us what the Innu voted on.

Like say, is this the final deal and will it pave the way for Muskrat Falls.  Or is it - as Dunderdale’s news release says plainly -  a “non-binding agreement” that will form the basis for future talks and an Innu land claims agreement?  In other words, this vote doesn’t pave the way for anything except more talks.

This is a wee bit more important to the future of the province, after all, than the name of Danny Williams’ latest hockey team. 

- srbp -

21 March 2011

New Dawn up for vote yet again

Apparently, the Matshishkapeu Accord will be back for the Innu people of Labrador to vote on.

This must be the final, final, final version of the final agreement announced two and a half years ago as being the final agreement.

Note, though, that all the feds have announced on Monday was a financial deal.  The rest of the land claim is still up in the air.

Just sayin’, in case anyone figured this was a done deal.

- srbp -

01 November 2010

Lower Churchill: Tshakuesh leads quiet resistance to the Old Man’s Dream

PenashueElizabeth Penashue is opposed to development of the Lower Churchill. 

She is concerned about what it will do to the environment and what the changes to the river will mean to the environment and to the Innu people who have lived in the area for centuries.

As she put it last year in a letter to The Labradorian:

A lot of people understand why we walk. We don't want the dam like they did before to Churchill Falls many years ago. We lost so many things back then, we lost hunting areas, and so did the white people, not only the Innu lost, other people lost too. They lost the same. The biggest thing we lost, were the burial grounds. This was the most important thing that we lost. If they make another dam what else will we loose? The river will die, and all the stuff around the river, trees, and the animals and fish. And the peoples hunting areas will be ruined.

We walk, women and children together to send a strong message that we will not give up. We are strong and we want to be respected and listened to. It is for the future of our children that we are doing this for!

While some people east of the over pass might have been pre-occupied with other things last week, listeners to Labrador Morning caught an interview with Elizabeth Penashue with host Cindy Wall (CBC audio file: October 28).

Penashue is a respected elder in the Innu community. Each fall for the past 13 years, she has walked the 80 kilometres from Happy Valley-Goose Bay to Gull Island to raise awareness about the impact Lower Churchill development will have on her people.

In the interview, Penashue talks about some of the people who have walked with her, including busloads of school children brought out each day.  She also talks about the food she enjoys and about the tent prepared for her by family members and other sin the community when she arrived at Gull Island.

More than many southerners may realise, Penashue represents a powerful political voice within the Innu community that cannot be ignored. Claims made a couple of years ago about an agreement on land claims and development, for example, proved to be so much hot air.  Penashue’s principled opposition carries great weight in itself and serves as the focal point for others who share her concerns.

Elizabeth Penashue is one of the reasons why any claims that a Lower Churchill deal is imminent or that the project may start soon are just so much hot air. The so-called New Dawn agreement vanished not long after the provincial government made a great noise about it. 

What blew the deal away, was not a mountain of hot air bigger than the blast that brought it.   It was the soft voice of a woman who walks 80 kilometres every fall and who will keep walking 80 kilometres until she can do it no more.

- srbp -

Elizabeth Penashue’s Blog:  elizabethpenashue.blogspot.com

Before I’m gone I want to see some change, I want to help my people and teach the children. I don’t want to see my children lose everything—I know we can’t go back to how things were, but I don’t want them to lose their Innu identity, culture and life.

19 October 2010

No Dawn gives another Lower Churchill setback

The New Dawn agreement is dead.

Again.

The provincial government announced the land claims deal in 2008, touting it as  crucial to development of the Lower Churchill.  The whole thing was supposed to go to a vote in January 2009 but the Innu leadership quietly shelved those plans. Despite comments from the Innu leadership in mid-2009 that some substantive issues remained to be negotiated, the deal was still off the rails a year after it was signed.

Now Labradorian columnist Michael Johansen tells the world that the Premier recently met with the new Innu leadership and got some bad news. The premier apparently wanted to get the whole thing signed by November.  According to Johansen, Grand Chief Joseph Riche explained that the deadline wouldn’t fly.

The new grand chief is Joseph Riche. He also trained in the law, like Williams, but they might not have much else in common. They don’t seem to share the same enthusiasm for damming big rivers, or for passing the New Dawn. As a consequence, Williams is learning that the issue won’t be settled one way or another before spring — and no guarantees.

So, until possibly April or May, the premier must wait, sitting in the morning twilight for his New Dawn, hoping it doesn’t all go black.

Interestingly enough, the rumour started to sputter a couple of weeks ago with talk of an impending Lower Churchill announcement in November.  Those of us who’ve been following the latest saga of the Lower Churchill didn’t see anything obvious on the horizon.  The environmental assessment process is bogged down with  significant problems. There are no markets and no money and the provincial government itself can’t afford to backstop the $14 billion project all by its lonesome.

The Innu Nation gambit seems to fit the rumour mill scenario, but, as Johansen notes, even that angle is now gone.

- srbp -

21 November 2009

Kremlinology 12: Dead caribou edition

Odd -  dontcha think  - that members of the Innu Nation chose the last part of last week to challenge the provincial government on caribou hunting in an area where previously they’d been generally supportive.

Every year, usually in the spring, some Innu from Quebec cross the border and take down a few of the very few remaining caribou in the Red Wine herd.  There’s always a flurry of news coverage and righteously indignant news releases from the provincial wildlife minister.

This year, the controversy arose in November, coincidental with the Churchill Falls/Lower Churchill meeting of Atlantic Premiers and involved some of the Innu from Sheshatshiu.

The spokesperson was Peter Penashue who – again just coincidentally -  has also been front and centre lately, discussing the latest round of never-ending discussions to finalise a land claims deal that was supposedly finalised last fall and which Penashue recently said actually wouldn’t be done for another three years or so.

On the caribou issue, Penashue was hammering away at the supposed lack of consultation between the Innu and the provincial government on wildlife management.

More interestingly though, here’s how the Globe contrasted Penashue from five years ago when the Quebec Innu were doing the spring hunt and Penashue today:

"No one knows for sure if Red Wine woodland caribou were killed, or, if they were, how many," he wrote then in The Globe and Mail.

"The hunt in the Red Wine caribou range was not just an illegal protest, it was completely inconsistent with Innu values. ... Putting a threatened caribou herd at further risk can never be justified on the basis of aboriginal rights."

He said last night that "I obviously wouldn't concur with" that statement now, saying that he had lost faith in the provincial government's ability to manage the caribou.

Interestingly, Premier Danny Williams described the Innu land claims agreement as being crucial to the Lower Churchill:

Williams recently told a Telegram editorial board that if the New Dawn Agreement with the Labrador Innu isn't ratified, the Lower Churchill deal would die.

That’s from a story in the Saturday edition which isn’t on line.

The timing is rather interesting, though. 

If the Innu were really close to settling the land claims issue with the provincial government that is so crucial to the Lower Churchill project, then it seems odd the point man on the New Dawn agreement would be out on such a particular day in such a conspicuous way tackling the provincial government for its lack of consultation.

We’ll all know something is up for certain – he said perhaps only somewhat facetiously  - if the Fan Klub starts linking Penashue to Hydro Quebec and Shawn Graham.

And the Pentavaret.

-srbp-

16 November 2009

Lower Churchill definitely a long way off

Danny Williams and his little band might be off to New York to push the Lower Churchill but those savvy people in the Big Apple will know the project is increasingly nothing more than a cute little video with Ron Hynes’ voiceover.

The aboriginal land claims agreement said last year to be finalised and set for a ratification vote in January is still mired in the negotiation and ratification process.

Canadian Press is reporting that Innu deputy grand chief Peter Penashue said:

"Government and the aboriginal people have signed off ... and that will ultimately go for ratification in the very near future."

But Penashue said it could be three or four years before the agreement winds its way through federal channels and is ultimately approved and voted on by his people.

Three or four years before it gets to a vote.

That’s a long way from this fall, which was Penashue’s prediction in June 2009.

Danny Williams was right when he told the Telegram editorial board recently that the project would not happen in the near term.

One of the reasons for the delay in finishing the land claims agreement is that only two of the three parties necessary for a finished product were involved.   Despite the provincial government’s  decades of experience with land claims agreements, including lengthy negotiations on the Innu claim, these talks ignored the federal government entirely. 

"At one point we were looking at splitting the agreement" into provincial and federal areas of jurisdiction, he said.

"Subsequently, it has been agreed to by lawyers that (provincial issues) can't be separate from the feds because the feds have the constitutional powers and authority to finalize these agreements," Penashue said.

There’s no explanation why the provincial government and the Innu embarked on the bilateral talks knowing that legally there was no way to cut Ottawa out.  What legal genius thought otherwise?

This is further proof that the problems and delays in the Lower have nothing to do with the politically driven fiction coming from the Premier’s Office  - and faithfully repeated by some others - that the whole Lower Churchill project is buggered up because of Hydro Quebec.  

There’s a reason why your humble e-scribbler labelled the New Dawn announcement the Matshishkapeu Accord.  The whole thing is a pile of wind, from some of its initial details to the  sheer nonsense that the whole thing was done.

The Premier heralded the thing last fall as doing everything except curing scoliosis. The deal was not just an important step toward the Lower Churchill, it was an “extremely important” one and before the already breathless sentence ran out of breath let’s add that it was also a “significant” step too.  Like an important step  - let alone an extremely important step  - wouldn’t also be significant unless that was added to the sentence as well.

Anyway, the overblown language turns out to have been a very good indicator that the deal was not so much of a deal after all.  Remember the Rule of Opposites?

After it was announced, the Matshishkapeu Accord  quietly slipped away into MIA Land.  The ratification vote was cancelled amid rumblings of major problems with the deal that needed reworking. 

-srbp-

15 August 2009

A mid-summer night’s gambol

“Love”, as Shakespeare put it, “looks not with the eyes, but with the mind and therefore is winged Cupid painted blind.”

Of all the political pixie dust in the province, none has clouded the eyes more than the Lower Churchill.  And while many have played the part,  no Lysanders have been more besotted of this megaproject  than our current one.  

T the course of true love also never runs true and in this case, the course has run nowhere near as true as claimed. While Danny Williams had hoped to be rid of his current job and on to other things by now, he is now saying he will be around until the project is done.   But not a fourth term.

Williams said the project will likely be completed before the 2015 election, and he will be done with politics by that time.

"I can guarantee I won't be around for four terms," the premier said.

The new target date is before 2015, much as the old date, except that now the Premier  is proposing to finish two dams and a power line through the UNESCO World Heritage site and on to St. John’s in less than four years.

The power line, though doth wander everywhere.   According to the latest version it will go over hill, over dale, thorough bush, thorough brier, over park, over pale,  thorough flood, thorough fire, and through some other unnamed provinces to get to market.  Where those markets are remains a mystery.

One major problem with this power line tale is that the project – as laid down in the environmental review documents – is exactly the same one described by an earlier Lysander, namely Brian Tobin.   One line to get the power to Quebec and another down through Gros Morne park – the government’s clearly preferred option – and thence to the townies.

That’s it.

There is no line proposed to run from Newfoundland off to Nova Scotia or anywhere else.

But gentle readers, enough of these jests.

Let us walk through the Premier’s latest musings on the Lower Churchill, as contained in a Telegram story this August Saturday, and wash the pixie dust from your eyes.  One megaproject-love-struck player is enough.

1.  Show me the money or Follow the money:  The fact Williams didn’t talk about money should be a clue this whole thing is a crock.  Of course, the Telly reporter also didn’t ask about it, so Williams managed to skate around what likely could have been a very testy and difficult part of the interview.

Basically, there’s no talk at any point in the entire interview about power purchase agreements and those puppies are the key to raising the $10 billion to build both dams and the transmission lines.

It’s that simple:

No money?

No project.

2.  Timelines.  Done by 2015, which was the plan back when the project would have been sanctioned in 2009.  The timeline before that was first power in 2011 based on project sanction in 2007.

Early last year the whole thing was a dodgy proposition according to Williams.  At this point, the environmental reviews won’t be complete until 2010 or 2011, leaving, supposedly, a mere four years years to get all the work done.

Horse feathers.

The project cannot be sanctioned – that is approved for construction – until it clears the environmental process.  As such, the project that was supposed to be sanctioned in 2009 is effectively two to three years behind schedule.  Even if everything goes according to the current timeline – and there’s no guarantee that won’t change too – the whole thing will not be up and running until some time around 2019 at the very earliest.

Anyone who has followed this project consistently will recognise the timelines in this interview are simply a crock.

3.  And the departure date’s a crock too.  Danny Williams may run in the next election.  Then again he may not.  If Williams stuck to the original timeline, the project would be sanctioned this year and hence he could leave knowing it is on the way. 

The Lower Churchill isn’t the determinant of Danny Williams political career.  Something else is.  Figure that out and you can figure out whether he will go soon or run again in 2011.  You see, Williams has changed his commitment on departure so many times, it’s hard to take seriously his current version:  that he will leave, definitely, in 2015.

4.  NALCO – run from the Premier’s office.

Williams said he meets regularly with officials at Nalcor Energy - the provincial Crown corporation which is overseeing the project - to get updates on the outstanding issues which need to be addressed before the project is sanctioned.

Anyone who thinks Williams isn’t the de facto head of NALCO can take that quote as a slap upside the head.  There are a raft of implications that go with that but they should be fairly obvious for anyone with a clue.

5.  The sanctioning issues:

Some of those outstanding issues for the Lower Churchill include ratification of the New Dawn agreement with the Labrador Innu, an environmental assessment - expected to be complete next year - choosing a transmission route for the power, finding customers for the power and obtaining financing for the project, which could cost $10 billion.

But Williams is confident that all these matters can be resolved and said steady progress is being made towards the project.

"None of these are insurmountable, they all just take time," Williams said.

Well, let’s see.  There’s  money, something Williams didn’t talk about that much at all and that one isn’t insurmountable unless someone plans to stick taxpayers with the full bill.

As well, there’s:

6.   New Dawn or, as it is known around these parts, the Fart Man Accord.   The land claims deal with the Innu was supposed to be over and done with last January.  Right now the vote on the agreement is postponed until…well…never.  There is no date for a ratification vote.

There’s also no sign the federal government has accepted it and they have to be party to any land claims deal with the Innu

7. The environmental process.  Should be pretty much a mechanical exercise except for the Gros Morne bit.  That one is going to be sticky but only because the feds hold the trump card.  If the thing had included a line to the mainland outside the province, it would be subject to a federal environmental review.  As it is the provincial government will sanction its own power line project – what else would they do? -  but they’ll have to come up with something clever to deal with a backlash over Gros Morne.

Could that “something” be the jobs created by poking a few holes in the ground at Parson’s Pond which is just outside the park?

8.  The feds.  Danny Williams has a bunch of federal things that need fixing if his pet project goes anywhere.  At this point, all that is dead in the water, largely due to his own actions over the past couple of years.

He’s linked the project to federal funding but even as recently as this summer Williams ducked a chance to pitch the project directly to federal cabinet ministers.  Was it because Harper showed up?

The feds won’t just pony up cash for this.  Odds are good it would come – if it came at all – in the form of an equity stake.  That’s means the federal government would own shares in the Lower Churchill just as they do in Hibernia.  Is that something Danny Williams is prepared to accept since he is already so peeved that the Hibernia shares exist?

The feds are also not likely to be persuaded by a cheesy blackmail attempt: 

Williams said the Gros Morne route would probably be the cheaper and shorter route, but he said it could be taken off the table if Ottawa would commit to help fund the project.

9.  Not the preferred route…  Through Gros Morne and the park’s UNESCO World Heritage site designation, that is.  Not the “preferred route”.  Nope.  It’s the only route.

NALCO is pushing the line through Gros Morne it’s the only route they have looked at since all they’ve done is just updated plans that have been around since before the park existed.

Notice, of course, that in polling season Danny Williams is suddenly talking all sweet and purty.  The last time the park route came up he insisted he’d drive the line through the park based on numbers he pulled out of his ass on the spot and a totally shameless bit of nonsense about grandma and her heart surgery.

The time before that Williams was all for the route saying those who doubted the route would be persuaded once they saw the “trade-offs”.

10.  The only thing in the interview you can take to the bank. (Don’t buy the “green project” bullshit)

"This is going to happen, it's just a question of when."

The Lower Churchill has been a project in the works since the 1950s or 1960s.  It’s been going to happen for 50 years.  it’s always been a question of when. 

The only thing we can say for certain now besides saying the project will happen at some point is that the “some point’ will not be by 2015.

-srbp-

09 July 2009

It’s not easy being green

Well, at least not under a variety of American state and federal laws in New England especially if you are proposing a hydroelectric project like the Lower Churchill.

Sure, we all think of hydro power as pretty friendly to the environment and a source of energy that is pretty low on carbon emissions.

Heck, in the ruckus over erections in Gros Morne, the provincial government has been pretty quick to talk about how green – as in environmentally friendly  - the Gull Island and Muskrat Falls projects are.

As an aside – in some of the online discussions,  some people have been talking about ripping through the park because it’s a way to sell the power to the United States.  Let’s get this clear:  there is no current proposal to build any transmission lines to the United States through Gros Morne park. 

The line that Danny Williams would drive through a UNESCO World Heritage Site ends just west of St. John’s.  It’s the same line Brian Tobin proposed in 1998.

That’s right. 

It’s a line to bring Lower Churchill power to townies, not Yanks.

And while we are at it, Holyrood will not close either even with the infeed.

The comments coming from some quarters makes plain just how much fundamental ignorance – lack of information, awareness and understanding  – there is out there about major public issues.

But anyway, back to green energy and American markets.

Turns out that American state and federal governments are working to develop new, renewable sources of energy.  They are looking at a system of emission credits and what sorts of projects would qualify for credits. 

If the current trend holds, Big Hydro projects  - just like nuclear plants  - won’t count toward renewable energy credits.  New England states have various rules in place currently that look at qualifying hydro power from plants of less than 100 megawatts.  In some states, even these small hydro projects must not change the water level (i.e. no dams) or otherwise impact the natural environment.

A bill currently in the United States Senate – HR2454 the American Clean Energy and Security Act 2009 – limits hydro that qualifies for certification to incremental power from technological upgrades to existing plants, generation from existing dams built for other purposes and “hydrokinetic generation”, that is power generated by ocean currents, wave action and the like.

So two honking great dams across a river, even a few thousand miles away, isn’t necessarily where the Americans are looking. Missing MOU anyone?

Not surprisingly, some states are looking to find a local economic spin-off from new energy sources.  Rhode Island recently adopted a bill mandating the state electricity distribution company to enter into long term power purchase agreements for upwards of 90 megawatts of power from new renewable sources locate din Rhode Island.  They are looking at a $1.5 billion wind farm project  - among other things - to help meet that requirement.

This doesn’t mean that the New England markets are closed to hydro power from Canada but it does mean that proponents of the Lower Churchill are not looking at easy pickings.  

If states and the US federal government are getting stickier about local renewable projects, there’s a very good chance they’ll get stickier about imports as well. 

That’s the thing about American democracy:  people get to participate.  If an environmental lobby builds up against a project like the Lower Churchill, the thing could have a rough ride.  Imagine what might happen if environmentally conscious consumers managed to figure out that the same people promoting this hydro megaproject are the same people who turn up on CNN promoting some old-fashioned seal bashing.

There’s anothing thing too:  look closely at some of this legislation, like say the Rhode Island bill, and you can see limits on the length of the purchase agreements with a maximum of 15 years.  That’s also an issue to think about given that a project the size of the Lower Churchill would likely be financed over a period twice or three times that.

Are states going to be willing to sign PPAs over such a long period?

Would bondholders be prepared to offer up cash with the prospect that markets could go soft half way through the bond life? How about American lenders who are already hurting through the recession and who may still be leery of investing large sums even after the recession ends?

Any way you want to look at it, the Lower Churchill project is still a very long time from starting.

There are currently no power purchase agreements of any kind with any customer. No PPAs means financing will be much tougher on a project that was estimated to cost at least six to nine billion dollars when talk about the project was revived in 2005-2006. Imagine what it will cost in two years time.

The environmental review process won’t finish until 2011 and that alone puts the project two full years behind the schedule mapped out in 2006.  Hydro Quebec is already well on its way to having power to market from new projects by the time NALCOR is looking to start construction of the Lower Churchill. They’ll have a goodly chunk of their new projects done by the time Muskrat and Gull Island turbines start turning, even if the current 2018 timeline for first power could be met.

On top of that there are serious questions that still exist within the Innu community about the draft land claims agreement between the provincial government and the Innu.  Bear in mind that the federal government should be in there as well, but so far hasn’t offered any comment on the darkness that has befallen the New Dawn.

And all of that is without considering the potential for even a teensy bit of public backlash over environmental issues.

It really isn’t easy being green, is it?

-srbp-