"We can't allow things that are inaccurate to stand." — The Word of Our Dan, February 19, 2008.

Sunday, October 03, 2010

Newfoundland and Ecuador

Ecuador, 2010:
In 2009, Ecuador signed an agreement with the United Nations' Development Program, saying it would forgo developing a huge oil reserve in Yasuni National Park if it received compensation for at least half the lost revenue.


Earlier this week, Lenin Moreno Garces, Ecuador's vice-president, said his country could earn $7 billion if it produced the 850 million barrels estimated to be in the area. He then warned: Pay up or we drill. "By the end of 2011, if we haven't received at least $100 million, we will have to go to Plan B and extract the oil."
Newfoundland, 2009:
Transmission lines for the proposed Lower Churchill hydro project won't run through Gros Morne National Park, after all.


In July, [Danny] Williams said a transmission line through Gros Morne was not his preferred route, but it was the cheaper option.

He suggested it could cost an extra $100 million to bypass the park, and that money could be better spent elsewhere.

"We are going to go around it. We are not going through it, and on that basis we think it'd be appropriate for the federal government to provide some assistance," Williams told reporters Wednesday.


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