Churchill Falls: A Potential Game-Changer for Newfoundland and Labrador
Premier John Hogan is staking the province's future on a single, unfinished deal with Quebec.
For the past month, John Hogan has been focusing on the province's energy future in the context of Newfoundland and Labrador's election. In a vow made in Happy Valley-Goose Bay, he promised that if his Liberal government is re-elected, he will ensure the proposed redevelopment of the Churchill Falls hydroelectric project moves forward.
This project and a tentative new development deal with Quebec are crucial to the province's finances, promising to unlock hundreds of billions in new revenue and create an estimated 8,000 new jobs, which would radically transform the economic outlook of a province that was on the brink of financial disaster just five years ago.
The proposed redevelopment of the massive Churchill Falls hydroelectric project could turbo-charge the provincial economy and right a decades-long dispute with neighbouring Quebec.
Author's summary: Churchill Falls may bring wealth or break Newfoundland and Labrador again.
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