MONTREAL — Newfoundland and Labrador Premier Andrew Furey is assuring residents there’s no need to worry about Quebec’s hydroelectric interests in the province.
Furey met face-to-face with Quebec Premier Francois Legault for the first time today and says they discussed economic and energy opportunities, but only in high-level and non-specific in detail.
Furey told reporters he understands many people in Newfoundland and Labrador are nervous about Quebec, given the disastrous deal struck in 1969 with Hydro-Quebec over the Churchill Falls hydroelectric project.
The deal has been challenged unsuccessfully in court several times and Furey characterized it today as “unbalanced” and “punitive” to Newfoundlanders and Labradorians.
Fears about a similar fate arose again in May, after a report from Furey’s economic recovery team recommended packaging those resources, possible including Churchill Falls, and selling them to the highest bidder.
Furey says Churchill Falls belongs to Newfoundland and Labrador and when the Hydro-Quebec contract ends in 2041, it will be the main beneficiary of the resource.
This report by The Canadian Press was first published Aug. 30, 2021.
