Tag: Teck Resources

NFOI – no freedom of information

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.

Kootenay Bill’s Casablanca moment

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.

What’s good for the BC Liberals may not be good for BC Hydro

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.”