Quote:
Originally Posted by redforever
He also introduced legislation to expropriate the assets of AbitibiBowater pulp and paper company.
However, he was too hasty in passing that legislation, and along with the assets of the company, he also inherited the environmental liabilities of that company as well.
He tried to sue to get out of assuming those environmental liabilities, but lost the court case, with the courts basically telling him, you legislated the assets and liabilities to your province, they are yours to keep.
So that deal certainly was not a positive contribution by Williams to NL.
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The Supreme Court is hearing the appeal.
http://ca.news.yahoo.com/s/capress/1...abitibibowater
The main reason for the expropriating was to reclaim the hydroelectric and timber rights that were given to a predecessor of AbitibiBowater in exchange for building and operating an pulp mill.