Tag: McMartin.Will

Crime (still) in progress (a 2010 article repeated)

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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….

Reward without risk for worthless surplus power

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British Columbia’s government believes less in free enterprise than in assisted activities for approved associates. Entrepreneurs saw potential for a private power generation industry in the province but didn’t want to risk their own money. Instead, they arranged with the Liberal government for the public to accept all risks and guarantee substantial profits to the schemers…

Catapulting the propaganda

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One thing repeated over and over and over again by government supporters in British Columbia is the assertion that Gordon Campbell “transformed the province’s finances.” What is unsaid though is that the transformation rewarded the wealthiest citizens and penalized the poorest.