The BC Government has no business case for Site C. Unfortunately, they also don’t have the courage to terminate this expensive white elephant.
Drug tragedy worsens
The reported number of BC’s overdose deaths in 2015 was 44 per month. That number seemed appalling but now, with the death rate almost three times higher, the situation in BC has deteriorated.
Site C: undo, redo or make do?
Wasting money on destructive energy projects makes zero sense when there are better alternatives. British Columbia is spending billions on Site C. It could suspend the project today and have less harmful and cheaper sources of clean power operational by the time more electricity is needed.
Tortured logic
One might think British Columbia’s Auditor General would favour maximum information in financial disclosure. Apparently, not in this province.
Ministry’s cozy relationship with industry costs taxpayers billions
As is typical of resource management, the regulating ministry sees its prime purpose is to enhance growth and profitability of companies extracting resources. the public share of produced values is no longer material. This cozy relationship costs taxpayers billions of dollars, money that could be spent on renewable energy, transit, daycare, education or many other responsibilities of government.
One person, no vote
Canada’s Conservatives are committed to the Republican Party value of opposing voter fraud, if someone else is doing it. Like their American mentors, HarperCons protest electoral manipulations even more strongly when no one is doing it. Bill C-76 amends the Canada Elections Act to establish spending limits for third parties and political parties before of a general election. It also establishes measures to increase transparency regarding the participation of third parties in the electoral process. Conservatives opposed Bill C-76 from the start. They preferred the Harper Government’s C-23 legislation, which some call the unfair elections act.
Something smells
Despite indulgent remuneration provided the BC Legislature’s senior executives — including sums paid secretly — financial problems at the institution have continued for more than a decade.
Still too timid to act
Freelance reporter Bob Mackin wrote that BC’s Legislature was a scandal waiting to happen and he quoted journalism professor and former Legislative reporter Sean Holman about the significant potential for abuse. Mackin blames excessive secrecy and lack of transparency…
Spendthrifts at work
BC Hydro’s quarterly report for the period ended September 30, 2018 shows the utility is very good at some things. Specifically, borrowing and spending money. In the thirteen years from 2005, assets employed to service BC consumers have almost tripled in value. Trouble is, actual sales to residential, commercial and industrial consumers are less in 2018 than in 2005.
Unbelievable giveaway
The case is clear. British Columbia’s Government decided to reduce the public share of natural gas revenues to almost nothing. This is despite substantial growth in the quantities of natural gas being extracted.
BC Hydro needs restraints
Perhaps an even more vile set of falsehoods is BC Hydro’s continuing claims that demand for electricity by its BC consumers has been growing steadily. That has led to excessive capital spending that measures in the billions.
Merv Adey – UPDATED Oct 13/2018
Check out the fine work on electoral reform by Merv Adey 2018 fellowship recipient Andrew Seal. It’s a fabulous five part series published by The Tyee. We’d like to raise additional funds to initiate the next fellowship. You can be sure it will support a comprehensive examination of a subject important to all British Columbians.
Natural resource giveaway
British Columbia sees itself in competition with Alberta to attract gas exploration and production companies. As a result, both provinces have been in a race to the bottom. By giving away its natural gas resource, BC has reached bottom and through its plan to provide below cost electricity, the Horgan Government policy is to pay producers to remove this natural resource. Quite a change from the NDP’s promises before the 2017 election.
Private contractors dependent on public money
Paul Starr of Princeton University wrote The Limits of Privatization. In the paper, he discusses an effect in which influence on government now comes from the “enlarged class of private contractors and other providers dependent on public money.”
Tax expenditures
Tax expenditures, represent a tax break that government offers people and corporations in support of policy objectives. It’s forgone revenue, or money that government doesn’t collect, but could if it didn’t offer that tax break. In 2016/17, tax expenditures in B.C. accounted for over $7 billion in foregone revenue.
Too timid to act?
BC NDP’s unwillingness to appoint a Commission of Inquiry to investigate corruption in public administration is one more sign of timidity, a thing becoming the Horgan Government’s hallmark. We’ve seen much evidence of illegal money laundering at casinos and no significant penalties have been assessed against corporation or individuals. Business as usual continues and, good business it’s been for insiders.
Disinformation campaign
John Horgan’s Government is condoning a disinformation campaign that would make despots of the world proud. And, we’re paying billions because of it. Corporate media is today publishing BC Hydro propaganda under the guise of it being authentic news. An example…
Omission of truth becomes a lie
In real terms, the BC government’s natural resource revenues in 2018 were 37% of the level in 2001, despite material increases in output.
Forget what they say, watch what they do
Pal explained that I had wasted time reading platforms and promises. He said the only method of judging real intentions is to scrutinize a politician’s finances. Give me a list of contributors and full details of a candidate’s financial records. I’ll know exactly what to expect without reading platforms or listening to promises. Tell me who a politician is beholden to and I can figure out what they are going to do.
Still buying high, selling low
In the current year, BC Hydro expects to export electricity for a price of C$26.50 per megawatt hour. Compare that to the C$91.40/MWh paid independent power producers in the fiscal year ended March, 2018, an amount 28% higher than five years before. Bank of Canada puts inflation at 7% and the average market price barely changed between FY 2013 and FY 2018.
Recent Comments