The document known as the "DEFINITIVE COOPERATION AND IMPLEMENTATION AGREEMENT", referred to in Newfoundland and Labrador as Churchill Falls Memorandum of Understanding (MOU2), is...
May 12, 2025
Michael J. Wilson, FCAPort Blandford, NL A0C 2G0
Clerk of the Executive CouncilOffice of the Executive CouncilGovernment of Newfoundland and LabradorSt. John’s, NL...
Aired by the CBC in two parts, Vardy explains to reporter Leigh Anne Power the importance of independent review, how such a review should be constituted, and how an arms-length approach can be achieved.
Dr. May also highlights a significant disparity in royalty arrangements—in that NL receives water royalties estimated at just 1/36th of what Quebec collects for comparable hydroelectric generation. And, notably, HQ’s royalty revenues flow directly to the Quebec government, helping to reduce its provincial debt.