MP Dennis Bevington concerned about lease with British company
Yellowknife, N.W.T. – The federal government is in the business of leasing parcels of oil and gas pockets to potential developers, but one particular one has Western Arctic MP Dennis Bevington a little on edge.
On September 11, Aboriginal Affairs and Northern Development minister John Duncan issued six leases to a British company called Franklin Petroleum for $7.5 million or $1.25 million each.
But Franklin Petroleum is a husband-and-wife operation and their latest financial offering showed some troubling numbers - just $220 cash on hand and a net corporate value of negative-$32,000.
Bevington said this is nothing more than a fire sale of the country's resources and that Duncan could have stopped this from happening.
“The minster had the choice, if there wasn’t any real significant interest in the lease of that property why not hold back on it? Why go ahead with something that doesn’t really resemble real value?"
Duncan's parliamentary secretary, Greg Rickford, didn't provide much of an answer and Bevington said all he did was attack the NDP's position on exploration.
Bevington said people in the department have to be held accountable and a better explanation is needed.
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