Newfoundland and Labrador Premier Tony Wakeham has announced that he will not be holding a referendum on a new Churchill Falls deal, citing changing political circumstances. Despite his previous promise during the provincial election campaign, Wakeham, along with Prime Minister Mark Carney and Quebec Premier Christine Fréchette, revealed a new deal on Monday without plans for a public vote. Addressing concerns about the decision, Wakeham acknowledged that people might be disappointed by the lack of a referendum.
Explaining his shift in stance, Wakeham emphasized the significant opportunity presented by the involvement of the federal government, which was not considered in previous discussions. He highlighted the evolving landscape, including the impact of the U.S. trade war and the urgency pushed by the federal government for swift action.
The House of Assembly is set to convene on September 14 for a special debate on the new deal, which supersedes an agreement reached in 2024 by the previous Liberal government. Wakeham’s administration conducted a review that determined the previous deal was not in the province’s best interests.
The Premier underscored the advantages of the new agreement, such as the ability for Newfoundland and Labrador to sell power to Quebec or utilize excess power to support local industries. He also noted the enhanced terms facilitated by Ottawa’s participation, including potential investments in renewable energy projects.
Wakeham expressed optimism about finalizing the agreement by the year’s end, despite the upcoming Quebec election that could introduce a new government. Energy N.L. CEO Charlene Johnson praised the new deal, emphasizing the opportunities it would bring for the province’s energy sector and local workforce.
The announcement was met with enthusiasm from industry members, who anticipate engaging in various aspects of the energy projects, from construction to operation. Johnson echoed the sentiment, highlighting the significance of the investment in clean energy amid global energy demands and geopolitical uncertainties.
Overall, the partnership with the federal government and the potential benefits of the new Churchill Falls deal signal a positive trajectory for Newfoundland and Labrador’s energy sector and economic growth.
