A former chair of the Nalcor board of directors until just before sanction told the Muskrat Inquiry today that she regrets having supported the hydro project.
Cathy Bennett, who resigned from the board about six months before the December 2012 sanction, now sees things differently. She is one of the few early backers of Muskrat Falls who no longer sings the praises of the project.
The cost has nearly doubled where it is now responsible for about 30 per cent of the province’s total debt.
Bennett became finance minister in the Liberal Government of 2015, and gave Nalcor a stern warning in Budget 2016 about expenditures.
Bennett suggests that Newfoundland and Labrador never take on a project of this size ever again. She says she supported a $6.2-billion project but that’s not where we are today.