News Release
Office of the Official Opposition

 

 

Now is the time for Premier Williams to secure the 8.5 per cent share in Hibernia


February 16, 2005

Opposition Leader Roger Grimes says now that an agreement has been reached on offshore revenue sharing, now is the time for the provincial government to turn their attention to securing the 8.5 per cent federal share of Hibernia.

"It has been reported in today’s National Post that the federal government may soon sell off their 8.5 per cent share in the Hibernia project," said Mr. Grimes. "Before this is permitted to occur, Premier Williams should fight to have this important revenue generator either transferred to the province or sold to the province at an appropriate price. Our Premier should insist that this negotiation occur before any other offers would be entertained by the Government of Canada.

"In the House of Assembly last year, Premier Williams stated that this was an issue of great importance. He said that ‘It is a matter of ongoing negotiation. It is a matter that we will continue to pursue. It is a matter that is personally important to myself and to all the members of our government, and we will continue to keep that on the front burner.’ Is this issue still on the front burner and what negotiations are currently taking place?

"Premier Williams has stated that he would turn his attention to securing the 8.5 per cent share in Hibernia after he finalized an agreement on offshore revenue sharing. That agreement has now been finalized. The story in the National Post says that Premier Williams may not be willing to once again go to battle with Ottawa over another offshore issue. I hope this is not true and the Premier follows through on his commitment to focus his attention on this issue before the federal government moves forward with this potential sale."
 

Media Contact:
Darrell Mercer
Director of Communications
Office of the Official Opposition
709-729-6151 or 709-687-0477