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Bud Bird responds

Bud Bird responds

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Published by mchardie
Bud Bird responds to the Alward government's changes to the Enbridge Gas contract.
Bud Bird responds to the Alward government's changes to the Enbridge Gas contract.

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Published by: mchardie on Jan 27, 2012
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01/27/2012

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"'CCcC;
C\
J. J-Jt: UD BIRD, O. C.
Statement to the MediaRE: Bill 18 -1N~tu~~J:;~~s
D~~i~~l\t'9~
.' ::'" ,'::% ;\~:;f\ :'i:;c:11::."".'~;:.~;,:'e:."
Friday;J1j~nri~ry 27,'
rzOr21;"i~.}
I am releasing his statementand the enclosure n several capacities
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as a founding investor and
r
director in Enbridge Gas New Brunswick; as a continuing director, but no longer an nvestor in;~j that company; as a former ConservativeMinister in New Brunswick, and Member of Parliament;
i i
as a long-standing and current memberof both provincial and federal Conservativeparties; as a
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life-long privateNew Brunswickbusinessmanndentrepreneur;ndasa proudand oyal citizen
~~m
of this province. The views which I wish to expressare my own, but I do feel confident they
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would reflect the opinions of most, f not all, New Brunswick investors who have been ~~associatedwith Enbridge over the past decadeor more.In his State of the Province Address ast evening, Premier David Alward touched on many
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promising directions for economic development n New Brunswick, and he repeatedlystressed
~
,
encouragingwords for innovation, free enterpriseand entrepreneurshipwhile assuringhis
1
recognition that government was not proficient as a business enterprise and should "get out ofj the way" as New Brunswick's.private business community pursue~ cu~rent ec~nomic sta~ility
,
and future growth and prosperIty. I applauded all of these ,gel}~r.alltle,sn PremIer Alward s
~
~ddre~s, nd I hold him in ~igh' ~atd) as the best of
IntentIons for New BrunswIck's future. " i .c., ,'"c : ;;~!;:~:,,~ "':&I:""i -I'. "'r; :' .', t:'4f~;"'i'.\~~.\
, However, there was one glaring exception n his speech hat must be addressed,n which he
t
proclaimed a senseof progressand achievement n "lowering natural gas distribution costs" inour province. He was referring of course o the passage f Bill 18 n December,an act to amend
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the Gas Distribution Act, but which in reality is a devious breachof a legal franchise agreement
J
with Enbridge, one that could lead to the confiscation of major assetvalues rom Enbridge~ without compensation. What is even worse and ndeedunthinkable, s that this legislation also
i
decrees mpunity for the government against egal recourse or the damagesand losseswhichresult from its actions. In my view, Bill18 is likely the most oppressive egislation in the history
1
of New Brunswick and, as opposed to creating economic development, it places our province's
reputation for trust and integrity in serious eopardy, inviting reputational damage hat willinhibit business nvestment n New Brunswick for years o corne.The Premier and his Minister of Energy are fully aware of my feelings about this matter. Theseviews are sharedby those of my businesscolleagueswho are familiar with the situation. As Bill 18 was being considered n the Legislature, the enclosed etter was sent o every MLAindividually and n the languageof their choice, composedointly by myself and Denis Losier ofMoncton who is the other provincial director of Enbridge Ga~N~w Brunswick. This letterspe.aks or tself, and. s not extreme use of
legIslatI ve power to Intervene 19 '\Yhi\.t::,~houldemaII} a contI~qIing9usIness process.
" c~i"{"';;"~il';:'~\

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