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Natural Resources Canada
November 28, 2011 

Statement from the Government of Canada,
the Government of Newfoundland and Labrador and the Government of Nova Scotia 
on the Lower Churchill Project

“Our governments are committed to the Muskrat Falls hydroelectric project. Together, we are continuing to work in collaboration toward a loan guarantee. The Muskrat Falls hydroelectric generation facility and the three transmission projects will provide significant economic benefits to the Atlantic region and will substantially reduce greenhouse gas emissions.

“The Memorandum of Agreement remains in place. The Government of Newfoundland and Labrador and the Government of Nova Scotia recognize that the Government of Canada continues to uphold its part of the Memorandum of Agreement. The Government of Canada, for its part, remains committed to a loan guarantee. Our Governments continue to meet and discuss this important project regularly as we move forward on providing all the data necessary.

“Together, we have reached many milestones in this process, including:

  • Signing a Memorandum of Agreement, which showcased our mutual commitment and lays out a framework for a loan guarantee;
  • Signing the New Dawn agreements and the agreement in principle for the land claim with the Innu of Labrador, which has achieved progress toward settling an important land claim in the region and allows this project to move forward; and
  • The appointment of a Federal Financial Advisor who will inform the process.

“We will work together going forward on a guarantee that will be provided in a timely manner while ensuring that all due diligence is performed.”

Media may contact:

Patricia Best
Director of Communications
Office of the Minister
Natural Resources Canada


Media Relations
Natural Resources Canada

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