Years ago, corporations decided they should pay less for BC’s natural resources. The companies funded pressure groups, slick online websites, and social media shills. All amplified public messaging in support of private resource extraction.
Lobbyists wined and dined politicians and senior bureaucrats. Dollars moved into the bank accounts of political parties.
The efforts were successful. For the expenditure of a few million, industrialists gained billions.
Despite promises to voters, Liberal and NDP governments eased the industry’s burdens. Charts using figures from annual Budget and Fiscal plans show how public wealth has been privatized.
Keep in mind the value of produced resources in BC has soared in the past two decades.
The consequence of losing resource revenue is that government must look elsewhere for operating funds or reduce worthwhile programs. Unfortunately, education is often targeted, even though it is vital for a successful society.
Categories: Natural Resources