Politics and Government Politics and Government
Wed, December 11, 2024
[ 01:21 PM ] - MSN
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[ 11:01 AM ] - MSN
CP NewsAlert: Quebec and Newfoundland and Labrador ready to sign Churchill Falls deal

CP NewsAlert: Quebec and Newfoundland and Labrador ready to sign Churchill Falls deal


Published on 2024-12-11 11:01:08 - MSN
  Print publication without navigation

  • Quebec Premier Fran
  • ois Legault and his Newfoundland and Labrador counterpart Andrew Furey are set to sign an agreement Thursday ending a long-running dispute over the Churchill Falls hydroelectric complex.

The article from MSN discusses a significant agreement between Quebec and Newfoundland and Labrador concerning the Churchill Falls hydroelectric project. Quebec Premier François Legault and Newfoundland and Labrador Premier Andrew Furey have announced their readiness to sign a new deal that will replace the existing 1969 contract, which has been a point of contention due to its terms being heavily favorable to Quebec. This new agreement aims to address the long-standing issues of revenue distribution and control over the power generated from the Churchill Falls facility. The deal is expected to provide a more equitable share of profits and possibly involve new terms regarding energy pricing and supply, reflecting changes in the energy market and the needs of both provinces. The signing of this deal marks a pivotal moment in the economic and political relations between the two provinces.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/politics/government/cp-newsalert-quebec-and-newfoundland-and-labrador-ready-to-sign-churchill-falls-deal/ar-AA1vFZmy ]
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