David Vardy speaks on the Churchill Falls MOU

From experience, when economist, former Clerk of the Executive Council (the Cabinet), and Chair of the Public Utilities Board, David Vardy, speaks I know that he always has something important to say. And Vardy has a lot to say about the Churchill Falls MOU. Members of the public may wish that the highly complicated and opaque document that the NL Government has unleashed on them, boosted by Newfoundland and Labrador Hydro’s persistent propaganda campaign, was examined by a person with a long history of public service, an individual without political bias.

The public will find this interview conducted by Bernice Hillier on CBC Morning Show with Vardy, on Wednesday, August 27, a straightforward, easily understood narrative. To quote one listener: “In just seven minutes, he answers nearly every question about why the Churchill Falls MOU should concern you.” See the Link below.

CBC Newfoundland Morning

Want more information? Read: Revenues Strangled by MOU: Formula Favours Quebec by David Vardy

Why There Must Be a Referendum on Churchill Falls MOU‑2

We must not allow our politicians to rush us into another bad deal on Churchill Falls. That is precisely why a referendum is necessary. Think about it.

NL to Receive $1 Value Out of Every $100 for Churchill Falls Water

Dr. May estimates that, in 2027, the water is worth around $2.46 billion. However, under the new MOU (DCIA) between Newfoundland and Labrador and Quebec, the Newfoundland and Labrador Treasury will receive roughly $28 million—only about $1 out of every hundred dollars. Remember this is not phantom money! This is resource revenue that represents support for public services such as schools, hospitals, and infrastructure.

In MOU2 Carney is Aiding NL’s Capitulation to Quebec’s Long‑Standing East‑West Energy Monopoly

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