Newfoundland and Labrador reminds Quebec about Canadian values on hydro project
Quebec should recognize Canadian values and support its neighbours, Newfoundland and Labrador’s finance minister said Thursday as the two provinces clashed over the Muskrat Falls hydroelectric project.
Cathy Bennett said she’s “disappointed” that Quebec called on Ottawa to reject her province’s request for further loan guarantees for Muskrat.
The estimated cost of the project has jumped to $11.4 billion from $7.4 billion.
Bennett said Quebec recently announced a $2.2-billion surplus in the 2015-16 fiscal year and received $10 billion in equalization payments during the same period.