Danny Williams expropriates the hydroelectric assets, water and timber rights of AbitibiBowater Inc. This move is surely to cool anyone wanting to invest in NFLD.
Under the legislation, all of AbitibiBowater's assets except for its pulp and paper mill in the central Newfoundland town will be owned by Nalcor, a recently established provincial Crown corporation. Those assets include dams and power stations.
What the heck? Does Danny expect to run a mill as a crown corporation? A mill that has been described as the most expensive one in North America?
And it typical Danny arrogance, Danny may negotiate with AbitibiBowater for the value of the hydro-electric assets, but maybe not. Perhaps Danny the Dictator will just decide what it's worth himself and sign a cheque telling them to get lost? Or perhaps he will give them nothing? You never know with Comrade Danny.
8 comments:
Leave Danny alone. After all, its only Newfoundland's offshore revenues he's blowing. He could be using equalisation money but he doesn't qualify anymore.
If he wants to buy a white elephant than that is his business. In fact business wasn't doing much with these places anyways. I hope it doesn't become another Sysco. (real conservative)
HE's rich, he's rich, he's rich!
Like any nouveau riche', he is using emotion before brain.
What a wanna be! Get with the program Danny, pay attention in class! It will take you a while for you to be taken seriously now.
Speaking of equalization,
look at these headlines,
what's wrong with this picture?:
Quebec enjoys surplus, Liberals say
CBC November 7, 2008
Alberta staring at prospect of deficit
Edmonton Journal November 20, 2008
come on guys it is all Planet of the Apes--
The Oppressed becomes the Oppressor
Danny is simply Cornelius or Caesar -- depending where we are now in the time continuum
Go you Huskies
Saskatchewan nationalized the potash industry in the 70s.
Guess how that worked out?
Would you invest in Newfoundland?
BTW, the offshore oil actually belongs to all Canadians, so Danny is blowing our money.
Interesting readd
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