Under Gordon Campbell in 2001, BC Liberals began with a commitment to “open and accountable decision-making.”
Under John Horgan in 2017, BC NDP began by asserting that “fiscal management should be prudent, transparent.”
Soon after taking office, both parties quickly forgot promises of openness.
In 2017, BC Hydro delayed release of its annual report because government was confused about what to do about accounting duplicity that hid the utility’s real financial condition.
Ultimately, BC NDP did little to alter BC Hydro and chose to continue down the road paved by BC Liberals.
Now, only five business days remain in the fourth month following BC Hydro’s fiscal year end. The annual report and audited financial statements for the fiscal year that began 16 months ago are unavailable.
BC Hydro is a sophisticated organization that pays millions of dollars each year for financial record keeping. In addition, it employs a costly PR group to create public reports. External auditors conduct interim work so that audits can be completed in timely fashion.
Had BC Hydro executives chosen to, the annual report and financials could have been released one to two months ago. Much of the report is boiler plate that is substantially reused each year and key business information is created internally within days of period end.
What is working here is an absolute disregard for transparency and accountability.
The Site C megaproject provides further evidence.
This was taken from BC Hydro’s website today:
Indeed, the last quarterly report issued was for a period that began almost 13 months ago.
There are a few reasons why politicians and bureaucrats hide information, none of them are good for taxpayers.