If your house is burglarized and cherished possessions stolen, don’t call police. Cost of an investigation is likely more than the cash value of items stolen. That’s might be the advice you’d receive from a Liberal member of the BC Press Gallery…
Gwen and I raised three adult children in North Vancouver. Each lives in our community with seven grandchildren, 12 years and younger. I have worked in accounting and financial management and publish IN-SIGHTS.CA with news and commentary about public issuesv.
Until a 2017 statute deterred corporate contributions to politicians, BC Liberals took in millions from radical activists with deep pockets. These were the foreign shareholders and financiers of large corporations doing business in this province.
I’ve argued on this website that BC Hydro’s ratepayers are victims of corporate inertia. The company continues to do what it properly did for its first 45 years. Unfortunately, now 58 years old, the company’s failure to adapt puts it on a path of destruction.
Years ago, SFU Professor and private power promoter Mark Jaccard assured us “independent power producers who will lose their shirts — not ours – – if they get it wrong.” In his 2018 retrospective report, government finance expert Ken Davidson concluded that somebody got it wrong but definitely not the independent power producers.
Today, the Liberal who played a central role in casino oversight dodged questions about documents from Globe and Mail’s Justine Hunter. He also suggested he will refuse to reveal all that he knows to Inquiry Commissioner Austin Cullen. For Rich Coleman, it is not a matter of self-preservation. He aims to protect unnamed people who are vulnerable to violence if he talks.
Yeah, who wants socialism?
April 2019 marked the tenth birthday of this online site. I say thank you to regular readers who participate with comments and make these sections interesting and informative. Special thanks are due the readers who provide financial support. Without it, In-Sights would not exist today.
The BC Press Gallery has been a private club, reluctant to admit new members. Emma Gilchrist, co-founder of The Narwhal and Executive Director of its predecessor Desmog Canada, had media privileges blocked at the Legislature by Tom Fletcher, then Press Gallery president. Fletcher, the Black Press advocate for climate change denial and right-wing libertarianism, concluded that Desmog was an “advocacy organization and not a media outlet.” As a result, Emma Gilchrist’s organization was not eligible for journalistic accreditation at the Legislature.
Politicians in British Columbia’s two major political parties may speak about the need for urgent climate action in Canada. But, their moves to ramp up this province’s fossil fuel production put them firmly in the camp of climate change deniers.
LNG plants will only be constructed in BC if the province provides unprecedented subsidies and tax relief. Inducements include natural gas that is essentially free of royalties and other levies, electricity at a fraction of the cost BC Hydro incurs for new power and, after passage of Bill 10, tax credits that will eliminate provincial income tax that might otherwise be paid by LNG operators.
Excepting BC Green Party leader Andrew Weaver, politicians on both sides of BC’s Legislature are reluctant to discuss natural gas policies. This week, the BC NDP raised gas subsidies. That’s unfortunate because climate change is a critical threat to the world we live in and fossil fuels are a prime cause.
Charles Adler believes we should speak clearly. However, he said nothing about speaking accurately, a quality not always compatible with political propaganda.
Throughout that time, I couldn’t understand why the obvious insanity of costly private power programs didn’t raise the ire of many citizens. For that, I lay a large part of the blame on radio and Press Gallery pundits. Some had personal interests affecting their points of view and some believed that health of the business coalition party ranked above the public interest.
Politically connected individuals took advantage of citizens’ desire for clean, renewable energy and the Liberals wrote contracts with “lucky firms” that bore no relationship to market prices, guaranteed massive private profits and ensured all financial risks stayed with the public. The contracts in British Columbia last as long as sixty years and allow prices that are as much as 5x market value. In addition, the contracts have annual inflation escalators, a privilege allowed no other commercial segment. All taxpayers get is more power to sell at a loss.
BC Hydro sold less electricity to this province’s residential, commercial and industrial customers in 2018 than in 2005. The total of 50,472 gigawatt hours in 2018 was also a decline from 2017. Despite buying less in 2018 than in 2005, consumers paid BC Hydro 85% more, an extra $2.2 billion.
Canada’s remaining non-renewable energy resources are being sold off in an environment of low prices with minimal and declining returns to governments.
In-Sights reader Hugh asked my opinion of a Tom Fletcher article. In it, the former head of the Legislative Press Gallery belittles the analyst who correctly estimated consumer losses from BC Hydro’s private power acquisitions are costing many billions of dollars. The Liberal ally and right-wing advocate complains BC’s NDP Government is moving away from previous energy policies…
After the Ken Davidson report to government about BC Hydro’s purchases of private power, David Beers’ wrote, “Somewhere up there Rafe Mair is smacking clouds together to make them thunder: “I told you so!”
Charlie Smith of the Georgia Straight identified a root cause of corruption in British Columbia. It is in his February 10 article linked here…
Retired economist Erik Andersen presented a paper about contractual obligations to the legislative budget committee 2 years running and was met with stony silence from all MLA committee members.