- October 16, 2012 - 06:58
Great news, but Hibernia didn't offer the money out of the goodness of their hearts. Danny initiated these finiancial obligations and the offshore operators fought it in court (and lost) that a portion of the profit/revenue the operators take from our resource, they must put back into the province. Sorry to rain on the parade but the operators are desperate to spend these legislated monies. Congrats to Ms. James, and MUN. It's a great time to be a Professor interested in research, especially areas of interest to oil companies. It is great news though, just don't wear out your arm patting HMDC on the back, save some (most) accolades for Danny.