PM Trudeau Announces Federal Support for Muskrat Falls Project – Dec. 17, 2020

Headline Politics

PM Trudeau Announces Federal Support for Muskrat Falls Project – Dec. 17, 2020

In a virtual event, Prime Minister Justin Trudeau announces measures aimed at supporting the financially troubled Lower Churchill/Muskrat Falls hydroelectric project in Labrador. The federal government will waive certain loan repayments and will appoint Serge Dupont to provide federal oversight of the financial restructuring of the project. Joining the prime minister for the announcement are Newfoundland and Labrador Premier Andrew Furey and federal ministers Dominic LeBlanc (intergovernmental affairs) and Seamus O’Regan (natural resources).