Proven Leadership PROGRESSIVE CONSERVATIVE PARTY OF NEWFOUNDLAND AND LABRADOR

In his own words...

Thursday, August 30, 2007

Making Room for the GREAT

Jack Canfield, noted author of The Success Principles, advises people to reject good things so they have room for GREAT things. Working on things that are merely good leaves you without time or energy to focus on the great projects that can bring you the maximum benefit.

The Williams Team is not wasting its time on projects and deals that are merely 'good' for the province... they are creating projects and negotiating deals that are GREAT for the people of Newfoundland and Labrador.

The Progressive Conservatives are keeping their goals for the province first and foremost. We refuse to give away the benefits of our natural resources, we are maximizing those benefits for ourselves and we are focused on becoming the masters of our own house.

The recent Hebron-Ben Nevis MOU is an excellent example of the sort of progress that this province will continue to make under the PC Government.

Some benefits of this MOU:

· The province will receive a new royalty of 6.5% of net revenues, after net royalty pay out when monthly average prices exceed $50 US WTI a barrel. This is on top of current royalty regimes and something the province has never, ever had before.

· The project will yield thousands of jobs for the people of the province.

· It will provide more engineering benefits in the province than committed for the White Rose or Terra Nova projects, more revenue and more fabrication tonnage in the province than either the White Rose or Terra Nova projects.

· Taking an equity position in the development of our natural resources is an important strategic step for the province, in particular in the lucrative oil and gas industry where record prices are yielding extraordinary profits. It represents a new era for the province, of having real and meaningful ownership of our own resources.


The Government's negotiating team did not grasp at the good which would have shortchanged the people of this province -- they waited for the GREAT. And they were prepared to let the Hebron field sit undisturbed until the GREAT was available.

This is the real benefit of the goal-oriented planning and vision of Newfoundland and Labrador's PC Government. Our province does not have to take a backseat to big business, nor to the rest of the country.

I look forward to doing my part to help the Williams Team bring Newfoundland and Labrador into an era of unprecedented prosperity.