[ISL] "Muskrat Falls has become a millstone around Newfoundland's neck"

[rfmcdpei]

The Globe and Mail's Konrad Yakabuski writes about the huge unanticipated costs of a hydroelectric project weighing down on a depressed Newfoundland.

By his own admission, former Newfoundland and Labrador premier Danny Williams entered politics in 2001 to turn his proverbially have-not province into the master of its own destiny

Comments

[dewline]

One more casualty of the Saudi-Russian oil-pricing wars?

[neowolf2]

There's a fundamental shift in power generation occurring now. The cost of photovoltaics has been declining rapidly; a 800 MW facility in Dubai was bid at US$.0299/kWh; one in Mexico went for US$.035/kWh.

What happens to Canada if PV becomes the cheapest way to generate power? Nations at high latitude will be at an energy disadvantage compared to equatorial nations.