We fought very hard to stop the takeover bid by nameless faceless wealthy and mostly offshore investors - under the Clyde Wells administration.
At the time the PC's were in Opposition and purportedly fighting along side us to keep the profitable company under the ownership of the people. How quickly they forget - or perhaps how quickly they become arrogant when the political tides turn and they find themselves across the floor in government.
Premier Dunderdale and the PC's used our knowledge and expertise when they were in Opposition and we - the people were fighting the Liberals on the privatization attempt. They held us up as people - who knew their stuff and had a vision for the Crown Jewel - then known as Newfoundland and Labrador Hydro.
Political expedience and unknown agendas personal and professional - now see the PC's view the very same people they held up as experts - reduced to bothersome mosquito's not worthy of input.
Then you have the likes of Gil Bennett - a person who owes his job and opportunity with Nalcor to the people of Newfoundland and Labrador - sit in a chair with such arrogance and disdain of the very same people.
Premier Dunderdale has not demonstrated the necessary knowledge or presented the necessary qualifications to pilot a deal - such as the Muskrat Falls. She is out of her league when it comes to dealing with private entities such as Emera - and frankly out of her league keeping up with her own bureaucrats. This is particularly dangerous as some of the same bureaucrats are still around as were around during the privatization fiasco.
The Telegram, CBC, and NTV have all noted that experts in the field - some of them with significant PC pedigree - have and continue to question the Emera giveaway. The concerns range from straight economics to social and industrial advancement of Labrador.
Dunderdale continues to stumble over any questions - or simply avoids them - one has to wonder if Tim Powers is lurking somewhere - and all Cabinet attempts to bolster the Premier's obvious weaknesses - fail.
This is in part due to the atmosphere of the "rah rah" backbench which are as clueless now as when they sat and cheered for exactly opposite positions under Williams. The most obvious example of this was the "new found" support for Harper.
Danny says "do not elect Conservatives Stephen Harper is a dangerous man". Backbenchers and Cabinet alike "rah rah" "ABC" "ABC". Kathy says "elect Conservatives - Stephen Harper is a changed man". Bankbenchers and Cabinet alike chanted "rah rah" "ABC is dead" "ABC is dead".
Now is the time for us - the shareholders of Nalcor - to start exercising our shareholders rights. Now is the time to weed out the weaknesses at the Executive level of our Corporation. Because these hydro resources are owned by the people and because Nalcor is owned by the people - a shareholders vote must be taken.
The time for a referendum is now.
Nalcor is holding it's AGM on June 22 - 2011 - and imagine this - they have opened it to the public. I imagine they have we own it. They would like people to register in advance - they point out - in the event the meeting if full - registrants will get first dibs on the unknown number of places at the Holiday Inn in St. John's. They also suggest any questions you have - you can submit them in advance.
What would happen if let's say two or three thousand people turned up for the event - to listen to our employees give an update on their "successes" regarding Nalcor and the performance of our company.
What do you think?
Nalcor Energy’s Annual General Meeting
On Wednesday, June 22, 2011, Nalcor Energy will hold its Annual General Meeting (AGM) at the Holiday Inn in St. John's.
Ed Martin, President and CEO; and Derrick Sturge, Vice President and Chief Financial Officer will host Nalcor's AGM.
The AGM is open to the public. Those interested in attending are asked to register by Friday, June 17, 2011. Registration is not required; however, registered participants will be given priority if the meeting reaches capacity.
Wednesday, June 22, 2011
1:00 p.m. to 3:00 p.m.
Holiday Inn, Salon A/B
180 Portugal Cove Rd
St. John's, NL
The AGM will also be available by live stream from the Nalcor Energy website. Details will be made available prior to June 22.
REGISTER HERE
Ed Martin, President and CEO; and Derrick Sturge, Vice President and Chief Financial Officer will host Nalcor's AGM.
The AGM is open to the public. Those interested in attending are asked to register by Friday, June 17, 2011. Registration is not required; however, registered participants will be given priority if the meeting reaches capacity.
Wednesday, June 22, 2011
1:00 p.m. to 3:00 p.m.
Holiday Inn, Salon A/B
180 Portugal Cove Rd
St. John's, NL
The AGM will also be available by live stream from the Nalcor Energy website. Details will be made available prior to June 22.
REGISTER HERE
Those who attend the AGM will have an opportunity to ask questions. Questions may also be submitted online in advance.
1 comment:
They are treating Nalcor no differently than how our past politicians and bureaucrats treated the development of our other great natural resources over the past 62 years.
As far as those politicians and bureaucrats of the past were concerned, and probably those of today are concerned, they owned those resources or whatever else they were or are governing in the province of Newfoundland and Labrador's portfolio.
We watched over the past 62 years every one of natural resource, as they were selected for development being developed for the primary economic benefit of some other jurisdiction in Canada and our province always took back seat to the fruits of our resources, with no industry or jobs added and having to be embarrassed with the highest Unemployment Rate in the country, while our developed resources were creating the best Employment rate elsewhere in the country, and besides being embarrassed by our high unemployment rate also having to take the derisive remarks from our fellow Canadians as a result of it. I am sick of all this corruption and I want it stopped immediately, if it is presently going on.
Obviously those overseers we elected in the past didn't give away our natural resources out of the goodness of their hearts for the other jurisdiction to prosper, they had to get something in return for it or why else would they have done it? My question is what was it they got in return that was large enough for them to turn a blind eye and have those who elected them and their province shafted? Maybe an Inquiry should be held into past 62 years of resource development here in our province as to what happened for all of those resources to have been developed so that the other provinces became the primary beneficiary of our developed natural resources, which benefitted others greatly while our province died economically on the Canadian vine, with no Canadian being the wiser as to what had transpired???
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