Historic Energy Deal Reached Between Quebec and Newfoundland and Labrador

Prime Minister Mark Carney has announced a historic energy agreement between Quebec and Newfoundland and Labrador, raising hopes that the decades-old dispute between the two provinces over the Churchill River hydroelectric projects will finally come to an end.

The energy projects, worth approximately $70 billion, will also receive significant support from the federal government. Ottawa has announced $10 billion in financial assistance for the expansion of the Churchill Falls power projects, the Gull Island hydroelectric project and a 2,000-megawatt onshore wind energy project in Labrador.

Prime Minister Carney described the agreement as the largest clean-energy investment in North American history. The projects are expected to create approximately 23,000 new jobs across Canada, ranging from skilled trades to engineering positions.

The agreement is being seen as a major step toward strengthening Canada’s clean-energy sector while resolving a long-standing dispute between Quebec and Newfoundland and Labrador over the development and sharing of Churchill River’s hydroelectric resources.