Awash in power at premium prices

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Increasing IPP purchases and flat demand for power obviously means that BC Hydro creates less power to meet demand by its users in BC. However, massive spending means the utility employs more than triple the assets to produce one gigawatt hour of electricity than it did a dozen years ago. This is bad policy not explained by mere incompetence of management. We must conclude that the Liberal Government is directing the public utility, either to cripple it or to deliver billions of dollars to friends and supporters.

Log exports updated

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BC is exporting substantially more unprocessed raw lags by volume but recording – per exporters’ reports, at least – little more than half the unit value realized in the 1990s. The volume of exported raw logs during Christy Clark’s tenure is 567% of what was experienced in ten years of NDP administration. BC jobs in forestry and support activities have declined by nearly one-half.

Indeed, power does corrupt

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Throughout time, elites have commanded portions of national economies that are disproportionate to their numbers within the populations. Of course, that is an inevitable result of different capabilities, opportunities, risk tolerance, dedication and fortune. The distribution of wealth and influence will never be equal but if the imbalance grows too large, particularly if opportunities are class-restricted, a civil society will not function. The elites may hold dominance for a period through force but history demonstrates that order will disintegrate in a society of severe inequality.

Looting W.A.C. Bennett’s legacy

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Opponents of Liberal power policy assume that, beyond grabbing the profits to be made flipping IPP contracts, Liberal operatives aimed to cripple BC Hydro to make its privatization palatable. The guiding parties decided they could gain more another way. There was no need to privatize Hydro’s assets and liabilities. Instead, they privatized its profits and left Hydro and the public with all the financial risks…

Neither fair nor balanced

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With mounting losses, declining consumption, soft markets for surplus power, $58.3 billion committed to high cost private power and a massive capital spending plan, only BC Liberals and their minions can see anything positive on the horizon for BC Hydro.

What’s another billion or twenty?

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Moody’s Investors Service issued a warning this week about rising debt at B.C. Hydro. In the first six months of fiscal year 2017, term debt increased $1.3 billion to $19.5 billion. That number is up $7.8 billion during Christy Clark’s time as Premier, which is an increase larger than the total term debt incurred in the utility’s first 48 years of operation. Of course, debt has been rising quickly despite current consumption being the lowest in the preceding 12 years.

Swag, the Liberal raison d’être

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Swag is what British Columbia’s Liberal Party is about. Whether it’s cash-for-access, pay-to-play, quango patronage or tried and true scratch-my-back contracting, Liberals are practiced at converting public wealth to private. BC Hydro is an example. The utility paid private power producers over $9 billion between 2003 and 2016. But, that’s only the start.

Public wealth, private benefit

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People who are not profiting – or expecting to profit – from corruption in British Columbia’s political arena, should understand. We all pay. We pay dearly and inescapably. Tens of billions of dollars the Clark gang is gifting to private power producers and billions more paid and payable to foreign owned gas producers might provide for an effective court system, better public education, healthcare, small business support and other citizen priorities.

More honour’d in the breach than the observance

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While boasting of wise management and “balanced” budgets, Liberals run up almost $200 billion in public debts and obligations, give away natural resources and help pay for the removals, subsidize corrupt foreign operators, sell public lands for a fraction of value, gift tens of billions to private power operators, enable more than $120 billion of pension funds to be invested without public oversight and spend tens of millions of tax dollars telling us that all is well. Just remember, for Liberals and their pals, all is indeed well.

Where I’ve been and where I’m going

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Partly by necessity, partly by need to address other matters, my focus has not recently involved In-Sights or social media. However, I am again ready to write regularly on BC politics. You will see further examinations of the asset stripping work of Liberals as they seek another term to finish hollowing out British Columbia’s economy.

The misinformation strategy

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However, this is a province where government routinely spends billions annually to subsidize multinational resource and power companies and spent 14 years in the courts fighting delivery of educational services to children in need. This government, found by the land’s highest court to be contemptuous of constitutional rights, cannot be counted on to change its priorities.

“Meaningful collective bargaining”

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A prominent BC Government supporter wrote last week that, by vote of 6-2, Canada’s high court effectively handed “the Liberals ass on a plate.” Indeed, Justice Beverley McLachlin and colleagues concluded a legal process that should trouble every citizen. Not just that, in setting public education policy, an elected provincial government government behaved like a tin pot dictatorship but that four British Columbia Appeal Court judges believed they could ignore clear precedents established by the nation’s Supreme Court.

Delay, legislate, litigate, repeat

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On November 10, Canada’s highest court reinstated Madam Justice Griffin’s 2014 judgement that found BC had bargained with teachers in bad faith and breached the Canadian Charter of Rights and Freedoms. She awarded BCTF $2 million in damages. This high court action should conclude a dispute that has gone on since 2002 but, as long as British Columbia’s government follows the circular pattern described by this article’s title, it will not. Contempt for teachers is only one aspect of BC Liberal antipathy for public education.

Something is rotten in the state of…

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In 2016, BC started paying gas producers to remove and sell BC gas. By ordinary accounting standards, natural gas cost the province more than $400 million in the fiscal year ended in 2016. With the Liberal plan to provide massive amounts of electricity to gas producers at a fraction of the price BC Hydro pays to acquire power, the gas industry is at the centre of a looming financial disaster like no other before it in BC history.