Tag: SNC-Lavalin

Liberal estimates and guesstimates

A brisk building boom of hydropower mega-dams is underway from China to Brazil. Whether benefits of new dams will outweigh costs remains unresolved despite contentious debates. …We find overwhelming evidence that budgets are systematically biased below actual costs of large hydropower dams — excluding inflation, substantial debt servicing, environmental, and social costs. …The outside view suggests that in most countries large hydropower dams will be too costly in absolute terms and take too long to build to deliver a positive risk-adjusted return

Twitter bits

The final item may present a clue to the current state of British Columbia’s energy market. It’s hard to believe we came to this only through the sheer stupidity of our policy makers.

Schools help fund Encana’s foreign investments

Carbon deal represents a massive transfer of public money from British Columbian schools, hospitals and taxpayers to an already profitable private gas company. …it is ludicrous to force the public sector, which is responsible for less than one per cent of greenhouse gases emitted in the province, to subsidize big polluters who pay no penalty for the majority of their greenhouse gas emissions.