March in the streets

Published on September 21, 2015

I have a question that I have been pondering for some time now: Who owns all the natural resources of Newfoundland and Labrador?

I always believed the people did, being common property resource. But who has control of the resources?
It would appear it is certainly not we, the people.
Well then it must be the government, which has taken control of all of our natural resources and has been selling them to large corporations for money, so I was wondering if you had received your cheque yet? Anyone? Because I have not received mine.
Since 1997 to the end of 2013, $102 billion dollars was made of one resource, oil! Don’t you think that out of that, we should have had the $80 billion, and paid the oil companies $21 billion? And same with the ore resources, with another $50 billion, paid the ore companies $10 billion?
Should have been paid out to them for the extraction, just as you would pay someone else for their services to fix your car or house, without losing the value of the said property (resources).
This is why we have our infrastructure in ruin, with the lion’s share always going to the corporations.
Our people should be marching in the streets and demanding the return of at least 75 per cent of all of the wealth generated from those resources.

Stu Pearce,
Port aux Basques