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…
Misappropriation of public wealth
Readers may tire of reports on BC Hydro but the more I examine this public utility, the more convinced I am that citizens of BC are victims of massive financial deception.
Crime (still) in progress (a 2010 article repeated)
The applicants do not need money or experience, they simply need political influence with BC Liberals. The energy purchase agreement provided by BC Hydro removes substantially all business risk and the favoured recipients take the project to money brokers who readily fund it because the creditworthiness of British Columbia stands behind each EPA. This would be like you and I buying a house we intend to rent to government through a 40 year lease at double or triple market rates, with payments escalating to protect against inflation, guaranteed by taxpayers of British Columbia….
An old expression says, “You scratch my back and I’ll scratch yours.” The maxim doesn’t require rewards for scratching be equal and, often, they are not.
According to Elections BC, AltaGas Ltd. and associates contributed a little more than $70,000 to the BC Liberals. It’s been money well spent… At $110,000 per GWh, AltaGas’ revenue from BC Hydro would be worth $143 million in 2016…
Reader comment on BC Clean Energy Act
A regular reader provided this comment to the preceding article. Hugh explains that the capture of BC’s public utility by selfish profiteers was a carefully considered manoeuvre. In the end, it will […]
Financial fraud at BC Hydro?
What is a deferred expense? The term “deferred expense” is used to describe a payment that has been made, but will not be reported as an expense until a future accounting period. […]
“…A lot more electricity being needed”
Bill Bennett, a man particularly qualified to make decisions on how the public ought to spend tens of billions of dollars. Bennett gained expertise and honed business acumen as an entrepreneur involved in fishing camps and a goose-hunting lodge on Hudson Bay. Despite potential conflicts, he maintained a financial connection to wilderness tourism even after beginning a career in politics.
Falcon, Clark and Libs phony as three-dollar bill
Highly regarded writer Will McMartin uses a fine brush to paint a picture of Kevin Falcon’s duplicity. The result is another part in The Tyee series on leadership candidates Do not miss […]
Masters of disaster exposed
Sean Holman of Public Eye provides an example of good enterprise journalism. “. . . let me share a government document I FOUND last week. It describes the behaviours senior civil servants are expected to […]