Liberal Party of Newfoundland and Labrador
 
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News Release
Office of the Official Opposition

   

 

Appointment to the Bull Arm Site Corporation questionable

October 18, 2006

Kelvin Parsons, Opposition Natural Resources Critic and MHA for the District Burgeo-Lapoile, is questioning Monday’s appointment of Bill Fanning, the CEO and chief operating officer and general manager of Spectrol Energy Services, to the Board of the Bull Arm Site Corporation (BASC).

In his 2004 Conflict of Interest statement, Premier Williams listed that he was a Director of Spectrol Energy Services, and also declared that he has a loan guarantee to the company. Mr. Fanning is the head of this company and would have required cabinet approval before receiving this appointment.

"The people of the province will have to judge for themselves whether this appointment is appropriate," said Mr. Parsons. "We have already witnessed the appointments of many of the premier’s family and friends to positions throughout government. However, it is even more questionable when a key employee of a company with close ties to the premier receives an appointment to the BASC where that person will receive inside knowledge regarding investment opportunities in the province’s oil and gas sector.

"I am not questioning the qualifications of Mr. Fanning, however, it is questionable when someone with such close business ties to the premier is appointed to such a position. There are many people in our petroleum sector that have as much experience and expertise as Mr. Fanning, why weren’t they considered for this position?

"While the premier can appoint who he likes to the many boards and agencies in the province, the people will have to judge whether these appointments are appropriate. I certainly question the appointment of Mr. Fanning, and so do the other people that have contacted our office citing what they consider a conflict of interest situation."

 

Media Contact:
Darrell Mercer
Director of Communications
Office of the Official Opposition
709-729-6151 or 709-687-0477