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PC party opposition leader Ches Crosbie warned at a news conference today that NL is in danger of losing principal beneficiary status won by the 1985 Atlantic Accord between the province and the federal government.
Tuesday, February 26, 2019

St. John’s, NL (February 26, 2019) – PC party opposition leader Ches Crosbie warned at a news conference today that NL is in danger of losing principal beneficiary status won by the 1985 Atlantic Accord between the province and the federal government.

“For short term cash, Liberal premier Dwight Ball and federal Liberal minister Seamus O’Regan are trading away principal beneficiary rights over offshore oil resources for a weaker primary beneficiary status”, Crosbie said.

Premier Ball stated recently that he expects to announce a deal on an Atlantic Accord review by the end of March. 

Crosbie said that Ball should show the public that his Atlantic Accord review delivers 100% of the benefit of offshore resources, which is the definition of principal beneficiary status in the Accord. “Proof of 100% benefit is a requirement of honest leadership. Nothing else is acceptable”, he said.

Crosbie also called on Premier Ball not to enter a final Atlantic Accord review agreement without submitting it to the voters in a general election this year.

Contacts: Bradley Russell

Director of Policy and Research

(p) 1.709.729.3668

(c) 1.709.685.3161

BradleyRussell@gov.nl.ca

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