Fraser Institute, the taxpayer supported voice of Canada’s billionaires and multimillionaires, uses the Vancouver Sun to raise a question:
…will a Horgan-led government keep the NDP’s election promise to balance the budget, and if so, how?
Well, here is one way. We can stop subsidizing natural gas producers.
Provincial Natural Gas Revenues and Credits to Producers, from 2001.
Is that insufficient to balance BC budgets? Then, let us stop paying independent power producers above market prices. That would provide billions more.
Gas and private power producers have pocketed billions of dollars that should have stayed with taxpayers. Yet, you won’t hear the Fraser Institute, the Canadian Taxpayers Federation, Postmedia or Global TV even hint at these indisputable facts.
“a growing concern that their government is essentially being bought and paid for by a wealthy clique.” #bcpoli https://t.co/Ez1IRjMxxq
— Norm Farrell (@Norm_Farrell) June 17, 2017
Categories: Independent Power Producers (IPP), Natural Gas
Thank you again Norm. Your concise reporting again clears the fog of Postmedia’s alternative facts, provided by the likes of the Fraser Institute. The mainstream media have become purveyors of lies and deceit, the bastion of right-wing political puppets whose strings are pulled by off shore corporations.
Somehow the BC Liberals claim a balanced budget while total provincial debt grows by over 6% every year:
See p. 140:
Click to access 2017_Budget_and_Fiscal_Plan.pdf
That doesn’t include the over $100 billion owed for BC government contractual obligations:
See p. 5:
Click to access Contractual_Obligations.pdf