The federal and provincial governments released the Canadian Environmental Assessment Agency review of Kathy Dunderdale’s Muskrat falls project.
Big fail, across the board.
Like no one could possibly have seen that one coming.
More to follow…
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It wasn’t bad enough that the province’s special ballot laws make a mockery of democracy.
For the 2011 general election, the province’s elections office is opening 12 special offices across the province in addition to the existing 48 electoral district offices specifically to handle special ballots.
Let’s hope there are no close contests in any seats.
Can you say Sally’s Cove, boys and girls?
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You can tell if a provincial opposition party politician supports Kathy Dunderdale’s Muskrat Falls plan by how many words it takes to explain his or her position.
New Democratic Party leader Lorraine Michael proved the point on Wednesday with a news release posted to NDP website and a statement issued to the media but not posted on the website that repeats the release’s content in slightly different words.
The total word count? More than 550.
Read it all, though, and you still won’t have a clear answer whether or not her party supports Kathy Dunderdale’s plan to hike electricity rates in the province, double the public debt and ship discount electricity to Nova Scotia at the expense of taxpayers in this province.
The news release claims it is going to give Michael’s position on Muskrat Falls.
But it doesn’t.
Instead, Michael launches into a claim that the provincial government and Nalcor haven’t told the public how the company has spent $348 million the provincial government transferred to the company in the current fiscal year.
Then-Opposition Leader Yvonne Jones questioned the same transfer, incidentally back when provincial finance minister Tom Marshall introduced the budget in April.
But unlike Lorraine Michael, Yvonne Jones wasn’t concerned at the time whether or not the money was spent properly on Muskrat Falls. Jones thought the money could be better spent on other things.
Still, even if Nalcor did tells Michael exactly how it spent the $348 million, the people of the province won’t be any closer to knowing whether or not Michael really supports Kathy Dunderdale’s Muskrat Falls plan but is afraid to admit it publicly.
What’s really cute about Michael’s claims about transparency and accountability is that she worked with the provincial government in 2008 to pass amendments to the energy corporation’s governing statute that frustrated genuine public accountability. The Liberals did the same thing.
At the time, Michael was generally satisfied if Nalcor filed reports in the House of Assembly. Michael’s comments on one amendment are typical:
This amendment, I think, does assure the thing that is at the basis of our responsibility, that the public of this Province will be informed of what is going on through the usual process which is the tabling of the information here in the House of Assembly. That is how the public learns anything that has to do with the Crown, through tabling here in the House of Assembly. We now assure that our accountability to the public is assured. We, I think, are showing that we believe in the transparency, openness and accountability that we say we stand for by now having this amendment.
There’s no indication Nalcor failed to abide by the legislation Michael endorsed in 2008, incidentally so it is more than a wee bit hypocritical for Michael to be taking pot shots at an “accountability” regime she helped create..
Throughout the whole release and statement, Michael never does give her position on Muskrat Falls. Instead, she repeats the general party policy that supports “any development that is economically viable, environmentally sustainable and beneficial for the people of the province…”.
Kathy Dunderdale will tell you that Muskrat Falls meets every one of those criteria.
So far Lorraine Michael hasn’t shown any sign she’d disagree.
Just to give you a sense of the NDP position, take this Twitter exchange about the NDP position.
St. John’s East NDP candidate George Murphy followed his leader and avoided a simple answer to the simple question:
Question: @GeorgeMurphyNDP @dalegkirby So you support it, George?
edhollett
Answer: @edhollett @dalegkirby If it's economically viable...wouldn't you?
GeorgeMurphyNDP
Q: @GeorgeMurphyNDP @dalegkirby Do you support the deal, yes or no?
edhollett
A: @edhollett @dalegkirby Ed..I can't make it any simpler than that...I just said 'if it's economically viable"...
GeorgeMurphyNDP
Q: @GeorgeMurphyNDP @dalegkirby You say yes you support the deal or no you don't. Simple answer.
edhollett
A: @edhollett @dalegkirby Jees Ed...I can't be any clearer than what I said. If it's economically viable. Wouldn't you?
GeorgeMurphyNDP
Followed almost immediately after by:
C'mon Ed..If it was an economically viable project, would you support it? Yes or no. Simple answer...
Q: @GeorgeMurphyNDP @dalegkirby The more you dodge, the worse it looks, George. Is the problem that you don't have enough info to assess viability?
edhollett
George didn’t reply.
The problem for the NDP is that Muskrat Falls is a serious wedge issue that could cause major problems within the party itself.
On the one hand, Michael is already on record supporting the loan guarantee through her appearance at Jack Layton’s last national campaign appearance in St. John’s.
Michael also knows that the NDP government of Nova Scotia backs the deal as does the national NDP. Ultimately, Nova Scotia Premier Darrell Dexter carries a lot more weight in Ottawa with the national NDP than Lorraine does.
On the other hand, many of the NDP’s current and potential supporters in Newfoundland and Labrador are leery of Kathy Dunderdale’s plan for the public debt and their electricity rates. They are also pissed at the idea Nova Scotians will get cheap electricity paid for by taxpayers in this province.
Openly endorsing the deal could cost Michael and the NDP a great many votes especially among disaffected Tory voters in metro St. John’s who could be looking for a safe place to vote against the Muskrat deal.
They won’t find a safe anti-Muskrat haven in the NDP.
Put it all together and you have a news release that – like candidate George Murphy – doesn’t give a simple answer to a simple question.
Lorraine Michael tries to sound critical of the provincial government but, behind closed doors and the backs of hands in whispered conversations, the NDP is backing Dunderdale to the hilt.
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The missing NDP statement from 2011.
Michael demands Muskrat Falls transparency, proposes Nalcor conservation division
Wednesday,
August 24, 2011
Newfoundland
and Labrador New Democratic Party leader Lorraine Michael (MHA, Signal
Hill-Qidi Vidi) today released a statement outlining her party's stand on the
Muskrat Falls development. She also called on Nalcor to create a separate
energy body mandated to help Newfoundland and Labrador families save money
through programs that maximize conservation of energy resources.
The NDP
supports any development that is economically viable, environmentally
sustainable and beneficial for the people of the province, Michael said.
However, the invisibility cloak that has been draped over the project by Nalcor
and the Dunderdale Conservatives makes it impossible to assess how responsibly
they are spending taxpayers' money.
"Last
Friday's media event only served to reinforce the grave concerns we have about
the way this important development is proceeding. Now the Dunderdale
Conservatives are not immediately releasing the environmental assessment,"
Michael said. "The people of this province have already spent $348 million
this fiscal year alone on Muskrat Falls – that is $700 from each man, woman and
child who lives here. That investment should buy us some transparency.
"If we
had spent the $348 million directly through the Department of Natural
Resources, for example, the people of Newfoundland and Labrador would have
access to the budgetary process, with line items to show exactly where the
money has gone.
"As it
stands, with Muskrat Falls being handled through a Crown Corporation created by
this government, we are supposed to blindly accept government assurances that
they are spending responsibly. I'm sorry, but the people of Newfoundland and
Labrador deserve more than the 'Trust us' they are getting from the Dunderdale
Conservatives."
The NDP is
also calling for the creation of a body within Nalcor dedicated to energy
conservation.
"Our
approach to our valuable energy resources can not be simply to develop them and
use them up," said Michael. "We need practical programs that will
help Newfoundland and Labrador families save money while at the same time
conserving our resources. The best place for this to be done is within the
crown corporation mandated to oversee energy usage.
"Every
resident of Newfoundland and Labrador should be getting the maximum possible
for their household energy spending. And every resident of this province should
be asking the government, 'What am I getting for my seven hundred
dollars?'"
While there will be a general election in Newfoundland and Labrador this fall, there isn’t one at the moment.
And yet, the province’s chief electoral office is proudly encouraging people to cast a special ballot if they need to do so.
People who don’t live in the province might find this very odd but such is the reality in the undemocratic former republic of Dannystan. Changes to the province’s electoral laws made before the 2007 general election created a situation in which people can vote in an election that doesn’t exist. You can be your own electoral grand-pa, as it were.
Now some of us have been criticising this monstrous abuse of democracy since it began. But in the current election people can get a very good sense of how the special ballot provisions of the Williams Election Act rob voters of their right to choice.
Under the Act, a person can request a special ballot and vote for the candidate or party of ones choice any time up to four weeks before a writ is issued for an election.
Sounds good so far.
One small problem.
What is a candidate?
Well, under the Act, a candidate is a person nominated to be a candidate under the rules laid out in the Act. One of those rules is that the person must be nominated by:
by filing the nomination paper with the returning officer between the date of the proclamation commencing the election and the close of nominations.
Date of the proclamation… that’s what people mean by dropping the writ.
And that won’t happen for some three or four weeks yet, just as the special ballot section of the legislation already acknowledges.
So without a writ, there can be no nominations and without nominations there can’t be any candidates.
But one can vote for a political party.
Okay.
That might work.
Except for people like John Baird. He’s the fellow who had planned to run for the Liberals in the upcoming election but who decided to run as an independent candidate instead.
“Independent” is not a political party.
Nor is “non-aligned” which is the word that will appear on the ballot next to Baird’s name at some point in the future.
For now, any people who needed a special ballot in Terra Nova district and wanted to vote for John Baird won’t have that opportunity.
If the election turns out to be close, as it sometimes is, those few ballots John Baird won’t get - and all the affiliated, party-approved candidates can get - could make all the difference in the world.
Special balloting makes a mockery of democracy.
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Premier Kathy Dunderdale doesn’t understand the criticism of the federal government’s recent announcement of a loan guarantee for the Muskrat Falls megadebt project
Provincial NDP leader Lorraine Michael, for one, has been crapping on the announcement, saying that it isn’t a loan guarantee at all but “an agreement to agree”.
Check that link and you’ll also find new Liberal leader Kevin Aylward quoted by theindependent.ca saying:
This is not a legally binding offer and the Harper government can still back out of it,” Aylward said in a statement. “It’s no wonder Premier Kathy Dunderdale didn’t show up for the press conference.”
Kathy Dunderdale is right to wonder why Michael and Aylward are criticising the loan guarantee.
After all both Aylward and Michael support development of the Muskrat falls project as Dunderdale is proposing. All three want to saddle the provincial taxpayers with guaranteed high electricity rates and a huge increase in the public debt.
Plus, they all agree it is a good idea to send discount electricity into Nova Scotia and anywhere else people want it, all thanks to the people of Newfoundland and Labrador.
You can tell the two other party leaders back the deal if for no other reason than because they do not criticise it.
Nope.
Their comments on this federal announcement is a criticism of Dunderdale for not being farther along with the negotiations (Michael) and for not nailing Harper down on the guarantee. (Aylward)
Kathy didn’t hold Steve’s feet to the fire, or words to that effect.
Just to test this out, try this: if you get the chance to speak with Lorraine and/or Kevin ask them whether or not they will kill this deal.
Yes or no.
The more words they have to use to explain their position – without first saying yes or no – is a sign of how strongly they want to support this deal. The reason they can’t be open in the love for Muskrat is because they think their are votes to be had by appearing to oppose the deal.
Will you kill the deal?
Yes or no?
Try it.
You might be quite surprised at the replies.
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“Curiouser and curiouser”, cried Alice, so overcome by the photograph that she momentarily forgot how to speak English properly.
“Is it some sort of uniform?”
“Might well be,” her companion said, “since they are all members of the Muskrat Club.”
“And who is that man there on the end,” asked Alice. “The fellow doesn’t seem to belong.”
Hmmm.
Let us look at the provincial government’s official news release and see.
“Book ends!” Alice’s companion exclaimed. “The Governor of Rhode Island on the left standing next to the Blue Queen and on the right, the man who runs Rhode Island’s largest energy consumer.”
A plastics company.
Seems the Rhode Island state legislature plans to give the company a million dollars to see if it will grow larger.
“The money was going to be a loan but now it is a non-repayable contribution,” explained Alice’s companion.
“A gift, then,” said Alice, unhelpfully.
“A non-repayable contribution,” her companion corrected. “There’s a difference.”
“Where?” asked Alice, looking about. “I don’t like differences. No two are ever the same. That’s why they are called differences, don’t you know.”
Her companion went back to his reading.
The state government is also helping Toray install a new solar power system to help power the plant.
“And so he talked to the Blue Queen,” said Alice, as she checked under the chesterfield for the difference, “who is an expert is giving gifts…”.
Her companion coughed.
“alright then, non-repayable contributions,” continued Alice, pronouncing the words very carefully.
At once, Alice gave up looking but still seemed quite satisfied that she had, at last, got the hang of the contributions.
After a long pause, Alice looked at her companion. “Rhode Island? Isn’t that the place where the Blue Queen once tried to sell electricity before?”
“Yes,” her companion replied. “But the electricity was too expensive for them to buy. So now the Blue Queen knows that if she sells power to them she will have to give it to them for less than it cost her to make it.”
“What a very odd idea,” said Alice.
“And much less than the people who own the electricity will have to pay for it.”
“Odder still,” exclaimed Alice.
She made a face and rubbed her chin as if in thought.
“I suppose the Blue Queen does not really know where she is going, “ said Alice after a while.
“When you do not know where you are going, you might think that any Rhode will get you there.”
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Timing.
The ever watchful labradore notes that after Danny Williams mucked around with the appointments for the Order of Newfoundland and Labrador, they have taken place in November.
No one would be surprised to find out that this is a month when the government’s official pollster is in the field.
In Election Year 2011, the appointments announcement arrived in August.
Not surprisingly, the government pollster is in the field at the moment as well.
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There’s a kind of political writing that makes you squirm.
On the face of it, and in isolation, a sentence can be perfectly correct. The problem comes when the politician, political staffer or bureaucrat puts that perfectly correct statement in another context where it’s purpose is to make other stuff that isn’t so correct seem better.
Think of it as the reverse of guilt by association.
The good sentence makes the bullshit seem better than it actually is.
You can find an excellent example of this sort of writing in a statement Kathy Dunderdale issued on Monday about a sooper sekrit visit by two New England governors this past weekend to tour the Churchill Falls hydro plant.
It was sooper sekrit because Kathy didn’t bother to issue any sort of notice that the two governors would be dropping by.
That way no one could ask them any pesky questions.
Kath just got to send out a bullshit statement telling us what these two fellows may well have thought.
In any event, here’s the sentence:
Creating revenue from our development of the Lower Churchill with the sale of excess power, and doing so in a way that maximizes benefits to the people of Newfoundland and Labrador, is an exciting prospect.
As sentences go, this is one that not even its mother could love.
It’s passive, for starters. We don’t know who will find that creating revenue is exciting.
Then there’s the phrase “creating revenue”. Blech! Truly horrid. “Creating revenue” sounds a bit like it means making a profit when it could be as simple as bringing in some cash even if it is a lot less than one needs to pay the bills.
Then consider this revenue will come “with” the sale of power. Not through the sale, as in, getting cash as a result of selling power, but “with”: as in, creating revenue goes alongside of and may not be connected to the power sale. Don;t ask how. this is just looking at the words.
Once you get beyond that, there’s that little subordinate clause stuffed in the middle: “and doing so in a way that maximizes benefits to the people of Newfoundland and Labrador”.
What exactly does it mean?
Whatever it means, though, the sentence seems to be saying that selling power from the Lower Churchill would be exciting.
Not is.
Not will.
But would be.
It’s a prospect, after all and prospects are things that are indefinite. Uncertain. Conditional.
And that certainly is true: selling power from the Lower Churchill would be exciting. People have dreamt about it for decades in this province.
The only problem is that any sale of Muskrat Falls power outside the province using Kathy Dunderdale’s scheme will be a gigantic money loser.
Electricity is forecast to be so cheap - outside newfoundland and Labrador only - that the incredibly expensive stuff from Muskrat Falls will only flow outside the province’s borders if the taxpayers of the province carry the whole cost and a handsome profit for the two companies involved.
Yes, selling power like that would be exciting, if only in a Marquis de Sade kind of way.
Masochists everywhere would sign up for that in an instant. If you tossed discount video of flogging in on top of the pillaging of household bank accounts needed to prop up the little scam, you could probably make more money from the Internet porn rights than you would from selling Muskrat Falls power to New England.
But anyway, the truth of the sentence is still there – somewhere – and it appears in the government’s news release in order to make the rest seem better.
How can you be sure?
Because the last sentence in the release piles on the raft of reasons why Muskrat Falls must go ahead:
But it only complements the reason why we are developing Muskrat Falls – to meet our own electricity needs in the most cost-effective manner and to stabilize rates over the long term. Job creation, attraction of industry, and the creation of significant income for business, not to mention the environmental benefits, make this development the right one for our province and one that the rest of the country and North America has its eye on.
Yes, folks. The only thing Muskrat won’t do is cure cancer.
Give it time, though.
It wouldn’t surprise your humble e-scribbler if a Nalcor release popped up one day promising amazing health benefits from Muskrat. it’s about the only thing, the megadebt project won’t do.
After all, as you should know by now, people who push megaprojects over-estimate the benefits and under-estimate the costs.
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As far as Jack Layton’s political legacy goes, Shakespeare got it wrong.
The good he did will not be interred with his bones.
Jack Layton was a man of good will who sought to do good in politics. You’ll hear lots of that in the days ahead from all sorts of people.
There’s more to those comments, though, than the easy cynicism that even the most miserable bastard who ever lived will be borne to his grave by mourners hailing him as the greatest saint who ever lived.
For Jack Layton, the praise is sincere.
The loss is real.
The grief is genuine.
The pain, palpable and deeply so.
Jack Layton was a reminder that men and women of good will can make a difference in politics, for all the right reasons.
The good that Jack Layton did will not go into the grave with him so long as those of us who remain act with that in mind.
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The Oprah Winfrey Book Club this ain’t, but for those who might be hunting around for something to read, consider these books your humble e-scribbler picked up recently:
How to write a sentence and how to read one by Stanley Fish. This may be a New York Times bestseller but this is a book aimed at writers and fans of the art of writing.
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Why would Nalcor mislead the people of Newfoundland and Labrador, asks finance minister Tom Marshall with all the seriousness he can muster.
Yes folks, the fellow with one of the worst cases of pinocchiosis politica ever seen in this province wonders how people at a Crown corporation who hang out regularly with politicians some of who are infected with P. politica could catch the same disease.
Let’s leave the question of motivation out for a second and look at whether or not Nalcor and the provincial government are misleading people about Muskrat Falls.
The answer is undeniable: yes, they are.
Take recall power as a classic example.
The province will need more electricity within the next decade, according to Nalcor. For the sake of this post, let us assume that this is correct.
And what’s more, let’s go with the idea that the extra electricity is measure on the scale of several hundred megawatts.
Where to get that extra juice?
Muskrat Falls, says Nalcor. Gigantic project, but we have to do it because the power is needed and it will be cheaper in the long run.
Again, for the sake of this post, let us allow all those things.
Recall power, sez someone on a morning open line show. Bring power back from Churchill Falls.
Not enough.
Only 300 megawatts, total. Some is already sold and used in western Labrador and the rest just isn’t enough to meet the need. One of Nalcor’s communications people even sends the radio show host and e-mail making the point.
While the information is correct, it leaves out a whole bunch of other stuff.
And that’s what makes Nalcor’s version of recall power grossly misleading.
Under the law that is supposed to ensure the people of the province get the electricity they need at the lowest possible price, the public utilities board could recall as much electricity from Churchill Falls as the people in the province need.
Churchill Falls (Labrador) Corporation – the people who make the power – and Hydro-Quebec – the people who buy it – would get paid for their lost power. They’d get compensation.
We don’t know at this point how much the compensation would be but the cost would be not even half what Muskrat Halls power will cost people in this province.
Heck, your humble e-scribbler would lay odds it would not even be even ten percent of what the Muskrat falls power is going to cost local taxpayers.
All the provincial government would have to do to make that happen is tax take back an exemption Nalcor got from the provincial government while Beaton Tulk was interim Premier. The exemption makes sure the PUB can’t control electricity in the province. It also ensures Nalcor doesn’t have to deliver power at the lowest cost to consumers, if the company doesn’t want to do that.
All that Nalcor would have to do is run a line from Churchill Falls to Soldiers Pond. And gee, isn’t that line what they already have planned and costed at less than $2.0 billion.
Poof.
Job done.
Total cost: not even half of the current estimate for Muskrat Falls and all the transmission lines.
No question: Nalcor is misleading the people of the province about recall power.
But why would they do it, asks the finance minister?
Well, only the gang at Nalcor can say for sure, but let’s just recall what Fortis boss Stan Marshall said once about the problem with Crown corporations like Nalcor and expensive projects:
“Simply when things go wrong we’d like to be able to rectify them,” he told reporters.
“If you’re going to go in with a partner you’ve got to know that partner very, very well, have a lot of commonality.
“Governments … their agenda can be very, very different than a private enterprise.”
Government’s agenda can be different from that of private enterprise.
In other words, Crown corporations might do things for political reasons instead of sound business reasons. Muskrat Falls gave Danny Williams the political cover he needed to quit politics. Now Muskrat Falls is the Tory party’s election platform.
Nalcor couldn’t disown this project even if they wanted to.
It’s politics.
So they have to tell only half a story, like the misleading story they tell on recall power.
Or, for that matter, like the story Tom Marshall tells about the public debt.
If Tom Marshall wants to know why Nalcor misleads people, he need only look in the mirror.
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Via the always insightful Neville Hobson, came a link to a wonder little diagram that summarises the results o a recent survey of Twitter users.
You can find Neville’s post at the bizarrely named nevillehobson.com.
And you can find the original at whitefireseo.com.
For those who are tweeting during the election campaign, see if any of these insights match up to what you see in real life.
Don’t just look for the positives, that is the people who are obviously applying these ideas even if they never heard of them before.
Look at the people who might be running against the tide and judge their performance. Are they succeeding or failing?
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There will be some other big news next week, but for now, here’s what SRBP readers wanted this past week:
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Danny’s gone from Steve Kent’s website.
In fact, the website that hadn’t been updated since 2007 is gone entirely, replaced with a new one.
So hasty was the old one hauled down – after it featured prominently here – that there’s even a note apologising for any technical glitches.
Conspicuously absent from it is any reference to the Old Man’s replacement, Kathy Dunderdale.
The old one proudly proclaimed Steve to be a Dapper Dan man, right there in the upper left hand corner where eyes always go on an English language website.
First thing you see on the Old Site?
The Old Man!
First thing you see now?
Not Kathy.
Where once you had Steve Kent, proud, strong and determined member of Danny Williams’ team. now you’ve just got this bland, generic website for the member of the House of Assembly for Mount Pearl North.
Same URL.
Different content.
Now when asked Steve might say the site is paid for by the taxpayers out of public funds so it can’t bear a partisan label. The advertising policy, dontchya know, old chap.
Watch out for the early onset pinocchiosis there if he tries that excuse.
Of course, if that old site was paid for by you and me, then it was clearly violating the policy. Something would have to be done to make sure Steve wasn’t breaking the rules.
If it’s out of Steve’s own pocket, then this would be even weirder than it already is, but that’s another issue.
Anyway…
On the old version of the site, all Steve would have to do in order to stay within the guidelines is take off the party logo and delete any references to it in the text.
On the new version of the site - stevekent.ca - you could have the same sort of thing. But there isn’t anything like it.
Nothing about Steve’s boss in his capacity as parliamentary secretary.
That’s a government job, not a House one or a party one.
And his boss is the Premier. Steve could mention her – just like he mentioned Premier Dan – and he’d still fit the policy barring partisan advertising.
So why doesn’t Steve-o have his boss’ picture and tons of information about the government on his website?
Really good question.
Aside from one side-on shot at some event or other, Kathy Dunderdale is a big black hole on Steve Kent’s website.
Talk about negative space. Kathy’s absence just screams at you.
Steve could even have links to government news releases and a reference to the department he works for.
But there’s nada.
Stay tuned, gang.
Kent’s website could duck into a phone booth and change again into Super-Tory any second now.
Stranger things have happened.
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From the NRCAN website:
In its June 3, 2011 Speech from the Throne the federal Government expressed its commitment to support the lower Churchill River hydroelectricity projects, as an important action to support our broader objective to develop Canada’s extraordinary resource wealth in a way that protects the environment.
The Government of Canada confirms the projects collectively have national and regional significance, economic and financial merit, and will significantly reduce greenhouse gas emissions.
The Government of Canada will provide or purchase a loan guarantee for the lower Churchill River hydroelectricity projects. The loan guarantee will be payable upon the default of the borrower should such a default occur. The projects include the following:
- Muskrat Falls hydroelectric generation facility
- Labrador Transmission Assets
- Labrador-Island Link
- Maritime Link
If the Government of Canada chooses to purchase rather than provide the loan guarantee it undertakes that the economic value to the projects will be equivalent.
The term of the guarantee will extend to both the construction and post-construction periods.
The guarantee for the projects will apply to the aggregate construction debt and the initial long term debt arranged with lenders at financial close for each project, based on commercially reasonable capital structures arranged by Nalcor and Emera.
There will be no fees payable by Nalcor, Emera or the Governments of Newfoundland and Labrador and Nova Scotia for the loan guarantee.
The Government of Canada will enter into a term sheet with Nalcor Energy and Emera structured in a form to reflect the contents of this Memorandum of Agreement as well as further definition required to support engagement with capital markets.
The federal government is retaining financial advisors to complete due diligence analysis. The purpose of due diligence is to assist the Government of Canada in the implementation of this Memorandum of Agreement.
In the context of this Memorandum of Agreement the Government of Canada, Nalcor and Emera are seeking to assess and minimize risks associated with the projects.
A committee will be established that includes representatives from Nalcor, Emera, the Government of Canada, the Government of Newfoundland and Labrador and the Government of Nova Scotia to facilitate information sharing and complete the matters outlined herein.
The Parties agree that time shall be of the essence in this agreement and will be bound by this agreement including the following timelines, unless otherwise extended by mutual agreement: on or before August 31, 2011 – announcement of the terms of this agreement; on or before November 30, 2011 or 8 weeks following access by the Government of Canada to the projects’ data room and detailed analyses and representations by credit rating agencies – agreement on term sheet for engagement with capital markets; and on or before financial close – completion of formal agreements for provision of the loan guarantee.
This Memorandum of Agreement takes effect on August _____, 2011 In WITNESS WHEREOF, the Parties have executed this Memorandum of Agreement
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Earlier this week, finance minister Tom Marshall announced a second increase in the estimate for offshore oil production for 2011 and with it an increase in provincial government revenues.
Marshall claims the money will go to paying down the public debt.
It won’t.
Every time Tom Marshall says he’s paid down the debt, his nose grows. Marshall has a case of pinocchiosis that defies medical science.
If his case of pinocchiosis politica swelled something other than his nose every time he bullshitted about paying down the debt, Tom could do porno as if he was Johnny Wad and Ron Jeremy and Long Dong Silver combined.
The cash will either:
Speaking of spending, that’s exactly what the local chapter of the New Democratic party wants to do with the windfall cash.
"This money, I think, needs to be seen as revenue that has come early, and we [should] keep it until we look at how we need to spend our money in 2012/2013," Michael told CBC News.
You will not be able to slide a sheet of paper between the political parties in this election. They will all have the same policy, especially hen it comes to spending.
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From the Canada-Newfoundland and Labrador Offshore Petroleum Board [paragraphing altered for readability; original here]:
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) today responded to the final report of the Offshore Helicopter Safety Inquiry entitled "Report and Recommendations arising from the Transportation Safety Board's Report".
The submission of this report signals the completion of the inquiry. The C-NLOPB wishes to extend its gratitude to Commissioner Robert Wells, Inquiry counsel and staff, parties with standing, families of the victims [of the Cougar 491 crash] and to all others, most notably, Robert Decker, who contributed to the Inquiry and, in doing so, to improvements in offshore helicopter safety.
The report contains four recommendations.
Recommendation 1 is directed at the C-NLOPB and the remaining three are directed at Transport Canada
or Governments. The Board's response to each recommendation is as follows:Recommendation 1 - Alert Service Bulletins
We have accepted this Recommendation and have directed the Operators to develop a plan for compliance in conjunction with work they are already doing in response to Phase I Recommendation 7, dealing with Airworthiness Directives. We will ask the Phase I Implementation Team to provide oversight of the Operators' work.
Recommendation 2 - Helicopter Passenger Suit
We have referred this Recommendation to Transport Canada and the Canadian General Standards Board for consideration as part of their ongoing work to create a new Helicopter Passenger Transportation Suit standard. There is a broadly-based committee engaged in this work, including C-NLOPB, CNSOPB, Operators and suit manufacturers.Recommendation 3 - TSB Recommendations
We have passed this Recommendation along to Transport Canada.
The C-NLOPB has already been engaged in a Focus Group to assist Transport Canada in their plans to respond to Recommendations in the Phase I and Phase II report.
We have requested that the Operators determine what plans Cougar and Sikorsky have for retro-fitting the Cougar fleet.
Also, we have asked our Aviation Advisor to review with Transport Canada any plans for removal of the "extremely remote" provision. He will also discuss with them any plans to review the adequacy of the 30-minute run-dry requirement.
Recommendation 4 - Separate Regulator
We have forwarded this Recommendation to both Governments for their consideration. Recommendation 29 (b) in the Phase I report recommended that consideration be given to the creation of a separate and autonomous safety division within the C-NLOPB.
The C-NLOPB has acted on this recommendation by separating the safety and operations functions into two separate departments. The Operations Department will be headed by Mr. Howard Pike and the Safety Department will be headed by Mr. Dan Chicoyne.
Mr. Chicoyne was recently hired by the Board and he will take on the responsibility of Chief Safety Officer. He has extensive experience in safety and was the Chief Accident Investigator for the Canadian Forces, as well as the Director of Flight Safety for the Canadian Forces.
Mr. Chicoyne is also a former fixed wing and helicopter pilot in the Canadian Armed Forces and held the rank of Colonel.
While the C-NLOPB asked Commissioner Wells to review the TSB report, it also conducted its own review.
The Board's review did not identify any deficiencies or gaps in the current implementation plan.
The Board is now satisfied that the implementation strategy developed in response to Phase I, with the change recommended by Commissioner Wells, fully encompasses all elements of the TSB report that needed to be addressed by the C-NLOPB.
Media Contact:
Sean Kelly M.A., APR, FCPRS
Manager of Public Relations
(709) 778-1418
(709) 689-0713 cell
skelly@cnlopb.nl.ca
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How valuable is a brand?
Well, apparently their brand is so valuable that Abercrombie & Fitch is willing to pay the cast of “Jersey Shore” sizeable amounts of cash in order to stop them from wearing Abercrombie clothes on air, according to cnn.com.
"We are deeply concerned that Mr. [Mike] Sorrentino's association with our brand could cause significant damage to our image. We understand that the show is for entertainment purposes, but believe this association is contrary to the aspirational nature of our brand, and may be distressing to many of our fans," an Abercrombie & Fitch spokesperson said in a statement. "We have also extended this offer to other members of the cast, and are urgently waiting a response."
Cast members tweeted comments ridiculing the offer, according to msnbc.com:
Paul “DJ Pauly D” Delvecchio had his own comment, calling the brand out on Twitter for reportedly previously selling shirts with the “Jersey Shore” gang’s famous catch phrase – GTL – gym, tan, and laundry.
“Hmmm if They Don’t Want Us To Wear Those Clothes Why Make GTL Shirts #yourPRsux,” he wrote, tweeting to a picture of an Abercrombie & Fitch T-shirt with “GTL” stamped on it above the word “Fitch.”
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