Muskrat Falls: The Best Option?
Memorial University, St. John's, NL, Canada
Newfoundland and Labrador needs a stable and dependable source of energy in the future to meet the expected residential, commercial and industrial growth into the middle of the 21st century. The solution proposed by Nalcor, the Province’s energy corporation, is to construct a dam at Muskrat Falls in Labrador. This $6.2 billion project would connect the hydroelectric resources of Labrador with the Island of Newfoundland, and possibly furnish surplus electricity to Mainland Canada and beyond.
Is this the best option for meeting the province’s need for energy? Will we be paying too much to generate electricity? Are there other technologies which will provide lower cost energy and still meet the expected demand? Are the costs of the project, the estimated cost of oil and other important factors realistic? Will the province be burdened with unmanageable debt?
Watch Dr. Wade Locke, professor of Economics at Memorial University of Newfoundland, as he explores these and other issues at a public forum.