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What the new Atlantic Accord deal says — and does not say – CBC

by ahnationtalk on May 6, 201967 Views

There’s nothing in the new deal that binds anyone to anything on cheaper power

May 06, 2019

The renewed Atlantic Accord — which Premier Dwight Ball and federal Indigenous Services Minister Seamus O’Regan unveiled at the Sheraton Hotel on April 1 — landed just in time for the Newfoundland and Labrador election season.

The symbolism of holding the event on the anniversary of Newfoundland’s entry into Canada, not to mention in the very ballroom where then Premier Brian Peckford and Prime Minister Brian Mulroney signed the original Atlantic Accord, was meticulously orchestrated.

The original 1985 deal — an election promise extracted from Mulroney after a battle royal over offshore profit sharing — was indeed a landmark agreement.

Read More: https://www.cbc.ca/news/canada/newfoundland-labrador/atlantic-accord-rate-mitigation-1.5122179

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