The Giveaway Kid
Today Danny Williams has begun to giveaway our natural resources and then sell them back to us.
I'm sure all Newfoundlanders and Labradorians would be pleased to know that our wind is now owned - in part by the Government of Italy. Now the government of Italy will gain profits when we plug in our kettle.
This all in the absence of an Energy Plan which is supposed to outline what our plans are for energy over the next 25-50 years.
NeWind Group Inc. a consortium of companies lead by ENEL North America ( head office) Quebec - owned by ENEL - Italy's largest energy company was awarded a wind contract.
The Italian Economy Ministry (government) holds 21.4% of the company directly and another 10.2% indirectly through state-run lender Cassa Depositi e Prestiti, leaving a free-float of some 70%. Shareholders include leading international investment funds, insurance companies and pension funds, ethical funds, along with Italian retail investors.
That's beautiful Danny! Well done my man!
How much does Newfoundland and Labrador Hydro own???
0%
with an option to buy it back from them in 10 to 15 years or so - so they can have their investment paid off by us and then take all the profits as well.
Why didn't HYDRO construct the project and we pay ourselves back for the energy.
Why Williams are you seeking an equity position in Hebron.
You fool! Sold us out lock stock and barrell.
Take a good sniff people - the wind blowing around you is now owned - in part by Italy.
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