Premier John Hogan is dismissing comments from PC Leader Tony Wakeham, which asserted the province should pause negotiations on the Churchill Falls MOU to see how a national energy corridor plays out.
Hogan points to 60 years of struggle between Newfoundland and Labrador and Quebec, which had the province feel the brunt of what’s been described as a lopsided deal.
When asked if the province was leaving money on the table, Hogan had no buyer’s remorse.
He calls pausing the deal a “bad idea.”
“You just think about pausing it even for a short time, not only is it a bad idea financially, it’s, a billion dollars a year, it’s three million dollars a day that we wouldn’t see,” he told VOCM News in an interview.
“So not only would a pause be a bad idea from a financial perspective, we all know that Hydro-Quebec is very anxious to do this deal because they need the power as well. So I think if we send any signals to them that we don’t want to proceed, we want to pause it, it could potentially put the deal at risk.”






















