We’ve seen that organizations make political contributions directly and through lobbyists. We know they use subsidiaries, affiliates and nominees but EBC makes little effort to report connections. In a report by Corporate Mapping Project, Teck Resources seems to have contributed $1.5 million to BC Liberals. However, a more complete listing provides a much larger number: $2.8 million. Even that is incomplete. It is important to know the benefits flowing from Teck to the Liberal Party but we must keep in mind the benefits flowing to Teck. That company was reportedly responsible for $743 million of a $1.2 billion unfunded liability for mine cleanups.
With only months until the 2017 BC election, Liberal deceivers are emerging from the lairs. Bob Mackin, the most feared journalist in BC, has a few of the details in his report […]
Found in the casino where he regularly pockets winnings, Captain Renault says, “I’m shocked, shocked to find that gambling is going on in here!” Kootenay Bill may not have been aware of more than a billion dollars of unfunded liabilities for mine clean-up but you can bet the BC Liberal bagmen were very much aware.
Energy and Mines Minister Bill Bennett announced a five-year, $300 million hydro bill deferment plan for 13 mines owned by six companies.Never mind that B.C. Hydro is already grappling with its own deferral problems to the tune of $5 billion. Make no mistake, there’s a price to pay when B.C. Hydro becomes a political arm of government. The intertwining of self-interests gets complicated, while the interests of ratepayers can take a backseat to political interests. Three of the six companies in Bennett’s deal were highlighted in a December Financial Post article, “Debt risks mount as Canada’s base metal miners sink deep in the hole.”
Teck Resources and its associates invested more than $2.25 million in contributions to political friends in British Columbia. That was a good deal for BC Liberals but, whether or not it benefited […]
Clearly, government revenues from natural resources have declined substantially in recent years. This is in spite of rising metals and minerals prices and growth in production volumes. Here is an example. […]
First Call Advocacy Coalition I write here about natural resource giveaways that amount to billions of dollars. Meanwhile, the Premier stands in the Legislature to justify monthly clawbacks of $187 from a […]
Before BC Liberals were first elected in 2001, they promised natural resource producers to materially cut the public share of values extracted. They kept their promise and producers filled party coffers in […]
Reprinted from November 2013. What’s in a name? Shakespeare said, “That which we call a rose, by any other name would smell as sweet.” Organizations that aim to safeguard assets create effective […]
Some denounce redistribution of wealth from rich to poor but fall silent when public wealth transfers to the rich. After Telus, Teck Resources Limited ranks as the largest BC company, by sales. […]
British Columbia’s revenue from natural resources totalled $4 billion in fiscal year 2001. The Bank of Canada inflation calculator shows the equivalent in current dollars is $5 billion. Natural resource revenue received […]
I mentioned in a comment on another article that I’ve heard reports from people doing business with the province who say they are encouraged to kick-back part of what they are paid […]
A few days ago, I wrote Cronies, henchmen and the future and noted a loss of government revenue derived from natural resources, even though production and commodity prices have risen dramatically in the […]