Operations of Nalcor Energy to be absorbed by Newfoundland and Labrador Hydro: Furey kamloopsthisweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kamloopsthisweek.com Daily Mail and Mail on Sunday newspapers.
Nalcor Energy to be no more: Crown corporation being folded into N L Hydro cbc.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbc.ca Daily Mail and Mail on Sunday newspapers.
Talks aimed at saving the Terra Nova oilfield in Newfoundland and Labrador's offshore have faltered, according to Energy Minister Andrew Parsons, with the provincial government backing away from plans to purchase an equity stake in the project.
Stan Marshall delivered a warning for the future of Newfoundland and Labrador's energy corporation and called for further hydroelectric development, on the heels of the release of Nalcor numbers that show a continued cash slide.
Andrew Parsons isn't ruling out the purchase of an ownership stake in the Terra Nova oilfield but says it would happen only if the reward outweighs the risk.