As reported Tuesday Feb. 24, the Canadian Province of Newfoundland is suing Quebec over a lopsided contract signed in 1969 over hydroelectric power from Churchill Falls in Labrador. www.thetelegram.com/index.cfm?The background history of this case goes something like this: In the 1960s, Newfoundland and Labrador, Canada's most eastern province was also Canada's poorest. Fortunately, Newfoundland had a river in Labrador with great hydroelectric potential it wanted to develop and sell the power to the New England States. Unfortunately, the only way to get the power to market was to build a power line through Quebec.
So the Newfoundland Government set up a company called NALCOR to develop the project and negotiate a 'deal' with Hydro Quebec--and NALCOR was financed by the Rothschilds--Alarm bells now should ring! (more)
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