Falsehood flies, truth comes limping after it

A message to BC Hydro: “Figure out what you are supposed to be doing, then do it.
W.A.C. Bennett established this vital crown corporation to provide reliable, affordable power to British Columbians. That’s what it should be doing.
Instead, it is forcing citizens to pay much higher prices to provide financial benefits to foreign owned companies and a band of me-first IPP slicksters and a group of political contributors gaining returns on their liberal investments by sitting in the boardroom of BC Hydro.

Borrow-and-spend politics

The 10-year increase, 2006-2016, in contractual obligations was $67 billion, while the regular provincial debt rose by $31 billion. That’s almost $10 billion a year increase in financial commitments by a government that claims they are creating “debt-free BC.”

The Boren effect

If the liabilities owing producers were recorded routinely, provincial natural gas revenue would be less than zero in two of the last four years. In current dollars, BC’s gas income, including rights sales, declined by more than $2.5 billion, comparing 2016 to 2001. Of course, the volume of production was much higher in 2016.

Mumbling and fuzzifying

It cannot be taken for granted that PPPs are more efficient than public investment and government supply of services. One particular concern is that PPPs can be used mainly to bypass spending controls, and to move public investment off budget and debt off the government balance sheet, while the government still bears most of the risk involved and faces potentially large fiscal costs.

Breaking news broken

Government forecasts that four year natural gas royalties total, 2017 through 2020, may be $926 million but that doesn’t deduct any growth in production tax credits that industry is accruing but government is not recording. In the past four years, the liability to producers increased by $1,158 million. If the liability for unrecorded credits – amounts that can be deducted from future royalties – continues to grow at the rate of the past four years, BC will receive no net gas royalties, provided that a more honest government begins to record the liability. There is already $2+ billion owed to producers.

Have they lied to you before?

George Orwell: Political language …is designed to make lies sound truthful and murder respectable, and to give an appearance of solidity to pure wind. Although BC’s debt and obligations increased $99 billion in ten years, Liberals claim the province is “on track to be free of any operating debt by 2021.”

Other lies

BC Hydro’s management are using deferral accounts and accounting trickery to conceal the company’s financial conditions and prospects and they are telling outright mistruths about demand for electricity by consumers in British Columbia.

Why this, why now?

Are there secret reasons why Liberals committed billions of dollars for Site C to produce power that BC consumers won’t need, even in the distant future? Have we had hints of why there is a rush toward what Premier Clark called the point of no return and what others called a route to nowhere? Do those reasons have anything to do with the rewarding habits of prime Site C contractors?

Designed to mislead

The British Columbia Liberal 2001 election platform had 37 references promising improved democracy, increased accountability or more open government. Its 2013 platform had none, because the party had lost interest in the goals, not because they had been attained. If ever any party strayed far from principles that first got it elected government, it is the one led today by Christy Clark. If you doubt my assertion, read through A New Era for British Columbia. That document was prepared by Gordon Campbell and his associates. Some will believe that it was a pack of lies from the start. Others would argue — excepting the page 9 promise to “not sell or privatize BC Rail” — that the Liberal Party started with good intentions and lost its way, corrupted by wealth and power…

Induced failure

The set of facts that troubles BC Hydro executives most is the one that best reveals their deceptions. The consumption of electricity in this province has remained stable for a dozen years. In fact, the first half of the current fiscal year shows consumption is down by 2.1%, compared to the preceding year. Under its current Liberal direction, BC Hydro’s leadership forgets the company’s original purpose. Now, the aim is to deliver benefits to a tiny group of individuals and corporations and to have ordinary citizens pay the cost, whether it is affordable or not.

Diplomat Magazine

Personal commentary on political and social issues in western Canada.

Beat the Press

Personal commentary on political and social issues in western Canada.

The World in Transition

Personal commentary on political and social issues in western Canada.

Economist's View

Personal commentary on political and social issues in western Canada.

BCVeritas.com

Personal commentary on political and social issues in western Canada.

Paul Ramsey

Personal commentary on political and social issues in western Canada.

A Closer Look: Jody Paterson

Personal commentary on political and social issues in western Canada.

Rub Eyes, Shake Head

Personal commentary on political and social issues in western Canada.

Keeping it Real...

Personal commentary on political and social issues in western Canada.

MattBruenig | Politics

Personal commentary on political and social issues in western Canada.

The Galloping Beaver

Personal commentary on political and social issues in western Canada.

Rafe Mair Online

Personal commentary on political and social issues in western Canada.

Understanding Society

Personal commentary on political and social issues in western Canada.

Creekside

Personal commentary on political and social issues in western Canada.

Michael Geist

Personal commentary on political and social issues in western Canada.

DeSmogBlog

Personal commentary on political and social issues in western Canada.

The Disaffected Lib

Personal commentary on political and social issues in western Canada.

Robert Reich

Personal commentary on political and social issues in western Canada.

Informed Comment

Personal commentary on political and social issues in western Canada.

Morton's Musings

Personal commentary on political and social issues in western Canada.

BobMackin.ca

News & Views from Bob Mackin

Rail for the Valley

Personal commentary on political and social issues in western Canada.

BillMoyers.com

billmoyers.com

Blog Borg Collective

Personal commentary on political and social issues in western Canada.

The Gazetteer

Personal commentary on political and social issues in western Canada.

In-Sights

Personal commentary on political and social issues in western Canada.

Mickleblog

The random musings of recovering B.C. journalist Rod Mickleburgh

Lawdiva's Blog

Legal Commentary