Newfoundland Revokes Resource Lease

An email from the Western Region pointed to this CTV article. Danny Williams, premier of Newfoundland, says this:

It just makes sense that the province have the rights to its own resources considering AbitibiBowater will no longer operate in the province.

"These resources belong to the people of my province and they're going back to the people of my province," Williams said, noting the mill was part of the original 1905 deal in exchange for resource rights.

He says the company may be compensated for power related capital assets, and it will also be allowed to use provincial resource assets until March 28, when the mill is slated for closure.

I don't know, sounds like a good idea to me.