Minutes before the start of today’s session, Energy Minister Andrew Parsons announced that talks to secure the future of the project had stalled just days before the deadline for the June 15.
Related story || Negotiations to secure future of Terra Nova oil project reach deadlock: Minister Parsons
Acting PC Leader David Brazil asked Prime Minister Andrew Furey and Minister Parsons about the situation during Question Period.
Both the prime minister and minister say the deal is not dead yet, with Parsons noting that these deadlines have been very “fluid” in the past. He recalled that June 15 is a deadline for companies and not for the government.
In the end, Premier Furey said the equity stake companies are looking for is just too big for the province. He says the $ 500 million offer is still on the table, but he is “not ready to roll the dice on the future of this province.”
Debate to continue Monday morning
A special debate on the fate of the Terra Nova project will take place in the House of Assembly on Monday morning. The government motion passed this afternoon in the Legislature.
The opposition wanted the debate to take place today, saying time is running out given next week’s deadline for a deal to extend the life of the project. The President, however, ruled the motion out of order.
Independent MP Paul Lane suggested at least one briefing before the debate to make sure they are informed. NDP MP Jim Dinn agreed, suggesting the debate could even take place on Friday when the House is not normally sitting. Neither amendment was adopted.
The debate will take place on Monday at 9 a.m. It is not clear whether there will be a briefing for MPs in advance.