A senior Liberal source called the Atlantic Loop the "top regional priority" for the federal government. Multiple federal sources say that the Atlantic Loop is the biggest green infrastructure project available to the region — one that could help stabilize electricity rates, which are high across Atlantic Canada. A significant federal investment such as the one represented by the Atlantic Loop could blunt the price impact while also reducing the region's emissions. Including energy from the overbudget and behind-schedule Muskrat Falls project in the Loop also creates a path for Ottawa to help Newfoundland and Labrador with its enormous financial problems. Ball called Muskrat Falls the greatest economic mistake in the province's history.

Source: CBC News September 26, 2020 07:52 UTC