Agree with your take Ed, and that Innu leadership has a lot of responsibility. But I wonder, how do they and their advisers or many in our province really understand the long term impact of how inflation erode values? Some Canadian Indian treaties, out west, still has the Mounties, for the Crown, pay out 5 dollars a year, as agreed to in the 1800's, and no allowance for inflation.
And the immense cost and delay of challenges to the Supreme Court, on any issue as to Indigneous rights.
As to this MOU planning to pay 1/6 the value compared to present, today's replacement power costs.......but what of future fair value allowance?
Export rates since 1969 has gone up 6 or 7 fold, for both residential/ commercial and industrial. And this when, in the past 50 years, fossil fuel as the alternative, has been plentiful and climate change for that period not a factor.
Going forward for 50 years, oil supply will be less, and much more expensive to extract in most of the world, and fracking has even more envirmental risks than conventional oil extraction.
World consumption is now about 100 million barrels per day, such that the original reserves of Hibernia, of 600 million barrels, would last the world for only 6 days!
Now we are faced with the need to reduce consumption big time as to climate impacts, while these fuels still supply by far most of the worlds electricity, and for transportation etc.
Unless by some miracle of factory produced modest cost modular nuclear power plants, one could expect power rated to increase 6 fold or much more over the next 50 years, whereas hydro, is the golden goose or jewel, as Vardy says.
HQ is by FAR the powerhouse of hydro generation in Canada, with CFs being about 15 % of their total. This will keep their province relative low power rates. To be agreeable, as Nalcor and our government is, to be tied 90 % to their domestic rates is foolish indeed.
I suggest Vardy, or you, need to do more media, with a board and a Trump like marker, to show the public the real value of this MOU is mere crumbs for NL. A picture is worth a thousand words. Erin Burnett on CNN uses that technique, with good effect to illustrate the true impact of tariffs.
In 1939 when war broke our, my father, Capt Esau Adams, had 50 Nfld men at his fishing and saw mill operation near Hopedale. He barely managed to get his crew home late in the season, before freeze up. He stayed in Labrador all that winter with the Eskimos who then were engaged at the sawmill, 50 miles inland from the coast.
That winter an extended family of Innu, both adults and children visited for weeks, seeking assistance. They were poorly dressed, in a starving condition, having found no caribou.
Later he wrote his journal (still unpublished) about their plight. He stated that the Indians had been robbed by people of his generation and their forefathers. That the Indians in Labrador were little known to the outside world, were very much deserving of help, but neglected , despite considerable aid being sent from Canada and the USA overseas. The Eskimos were only marginally better off.
I have seen this neglect continue in my generation, and of all coastal Labrador. Now, most still without roads nor connected to the electricity grid, and impacted by the high rates from diesel fuel plants.
The Furey CFs version 2 (which he said "changes everything"), does nothing to change that.
And the MOU, as assessed by Vardy, Hollett, Danny Williams and others, exposes the flaws from the hype, of another one sided deal no better than that of 1969.
As a engineer in training, I worked on the construction of CFs for two summers, under the oversight of an engineer from California, and others from Quebec alongside many Nlfders. I then wondered whatever happened to the Indians my father had written about, as none worked there.
Your piece shows how these people, the Innu Nation, continues to be robbed, as never before seen, by these contracts, apparently by incompetent lawyers or issues of conflict of interest.
To the extent that Nflders feel shortchanged from benefits by the value of the vast natural provincial resources brought by Confederation, we do even worse by this highway robbery of the Innu, Inuit and settlers of coastal Labrador.
Shame on our province, the Premiers, and other politicians, institutions and businesses who turn a blind eye to this ongoing travesty.
I'll take a slightly different view of what just happened, and that's going to change the way I presented this story for effect.
Innu people have the power to make decisions for themselves. They must bear responsibility for settling this deal so poorly.
That's like the Furey monstrosity. Other people didn't screw us. We let ourselves be screwed. We did it to ourselves. In fact the Furey deal with Legault is worse because we had the power to know what happened before and act differently not just on CF in 1969 but with Muskrat and we did EXACTLY the same things over again.
Fool me once. Fool me twice. But fool me thrice? That would be the fool in the Globe pretending this deal with Legault was possible because Francois admitted that 1969 wasn't fair to Newfoundland and Labrador. Nonsense.
People will stop calling us Newfies and stop treating us like Newfies when we stop acting like Newfies.
Worth noting that it is $87m and 3% of HQ annual dividends from CF(L)Co.
I probably should have done the math on that to get some extra perspective for the allNL story.
The fact that HQ made the announcement on a Friday evening influenced the time I had for it, and likely why no other local news media have picked up the story yet.
The Innu haven’t been vocal about this or the earlier settlement with NLH over rate mitigation. I’m still not sure if that deal ($12m/y over 50 years, tied to inflation) has been reported anywhere aside from allNL.
All accurate observations. I think there’s another angle on this, implicit in the whole thing about what the Furey deal really means for NL control if its own resources.
Agree with your take Ed, and that Innu leadership has a lot of responsibility. But I wonder, how do they and their advisers or many in our province really understand the long term impact of how inflation erode values? Some Canadian Indian treaties, out west, still has the Mounties, for the Crown, pay out 5 dollars a year, as agreed to in the 1800's, and no allowance for inflation.
And the immense cost and delay of challenges to the Supreme Court, on any issue as to Indigneous rights.
As to this MOU planning to pay 1/6 the value compared to present, today's replacement power costs.......but what of future fair value allowance?
Export rates since 1969 has gone up 6 or 7 fold, for both residential/ commercial and industrial. And this when, in the past 50 years, fossil fuel as the alternative, has been plentiful and climate change for that period not a factor.
Going forward for 50 years, oil supply will be less, and much more expensive to extract in most of the world, and fracking has even more envirmental risks than conventional oil extraction.
World consumption is now about 100 million barrels per day, such that the original reserves of Hibernia, of 600 million barrels, would last the world for only 6 days!
Now we are faced with the need to reduce consumption big time as to climate impacts, while these fuels still supply by far most of the worlds electricity, and for transportation etc.
Unless by some miracle of factory produced modest cost modular nuclear power plants, one could expect power rated to increase 6 fold or much more over the next 50 years, whereas hydro, is the golden goose or jewel, as Vardy says.
HQ is by FAR the powerhouse of hydro generation in Canada, with CFs being about 15 % of their total. This will keep their province relative low power rates. To be agreeable, as Nalcor and our government is, to be tied 90 % to their domestic rates is foolish indeed.
I suggest Vardy, or you, need to do more media, with a board and a Trump like marker, to show the public the real value of this MOU is mere crumbs for NL. A picture is worth a thousand words. Erin Burnett on CNN uses that technique, with good effect to illustrate the true impact of tariffs.
Winston Adams
In 1939 when war broke our, my father, Capt Esau Adams, had 50 Nfld men at his fishing and saw mill operation near Hopedale. He barely managed to get his crew home late in the season, before freeze up. He stayed in Labrador all that winter with the Eskimos who then were engaged at the sawmill, 50 miles inland from the coast.
That winter an extended family of Innu, both adults and children visited for weeks, seeking assistance. They were poorly dressed, in a starving condition, having found no caribou.
Later he wrote his journal (still unpublished) about their plight. He stated that the Indians had been robbed by people of his generation and their forefathers. That the Indians in Labrador were little known to the outside world, were very much deserving of help, but neglected , despite considerable aid being sent from Canada and the USA overseas. The Eskimos were only marginally better off.
I have seen this neglect continue in my generation, and of all coastal Labrador. Now, most still without roads nor connected to the electricity grid, and impacted by the high rates from diesel fuel plants.
The Furey CFs version 2 (which he said "changes everything"), does nothing to change that.
And the MOU, as assessed by Vardy, Hollett, Danny Williams and others, exposes the flaws from the hype, of another one sided deal no better than that of 1969.
As a engineer in training, I worked on the construction of CFs for two summers, under the oversight of an engineer from California, and others from Quebec alongside many Nlfders. I then wondered whatever happened to the Indians my father had written about, as none worked there.
Your piece shows how these people, the Innu Nation, continues to be robbed, as never before seen, by these contracts, apparently by incompetent lawyers or issues of conflict of interest.
To the extent that Nflders feel shortchanged from benefits by the value of the vast natural provincial resources brought by Confederation, we do even worse by this highway robbery of the Innu, Inuit and settlers of coastal Labrador.
Shame on our province, the Premiers, and other politicians, institutions and businesses who turn a blind eye to this ongoing travesty.
Winston Adams
I'll take a slightly different view of what just happened, and that's going to change the way I presented this story for effect.
Innu people have the power to make decisions for themselves. They must bear responsibility for settling this deal so poorly.
That's like the Furey monstrosity. Other people didn't screw us. We let ourselves be screwed. We did it to ourselves. In fact the Furey deal with Legault is worse because we had the power to know what happened before and act differently not just on CF in 1969 but with Muskrat and we did EXACTLY the same things over again.
Fool me once. Fool me twice. But fool me thrice? That would be the fool in the Globe pretending this deal with Legault was possible because Francois admitted that 1969 wasn't fair to Newfoundland and Labrador. Nonsense.
People will stop calling us Newfies and stop treating us like Newfies when we stop acting like Newfies.
Worth noting that it is $87m and 3% of HQ annual dividends from CF(L)Co.
I probably should have done the math on that to get some extra perspective for the allNL story.
The fact that HQ made the announcement on a Friday evening influenced the time I had for it, and likely why no other local news media have picked up the story yet.
The Innu haven’t been vocal about this or the earlier settlement with NLH over rate mitigation. I’m still not sure if that deal ($12m/y over 50 years, tied to inflation) has been reported anywhere aside from allNL.
All accurate observations. I think there’s another angle on this, implicit in the whole thing about what the Furey deal really means for NL control if its own resources.