Re: “Pipeline woes have cost Canadians a whopping $117B, says TD’s McKenna,” Chris Varcoe, Opinion, Feb. 17.
Feb 24, 2018 - Frank McKenna’s statements are packed with strong conclusions in defence of Canada’s economy. Regrettably, facts tell us he is wrong.
McKenna laments the discount between the U.S. light oil benchmark, West Texas Intermediate (WTI), and Western Canadian Select (WCS), Alberta’s oilsands benchmark. He says, “this is a colossal amount of money for Canadians to lose, simply because they don’t have access to competitive markets.”
“We are spending tens or maybe hundreds of megawatts on producing something that has no tangible existence and no real use for humans outside the realm of financial speculation,” he said. “That can’t be good.”
Consumer Policy Institute warns of big rate hikes and pressure for taxpayer bailout.
Contractors were blasting last month at a quarry for Site C, but the big explosion could hit taxpayers and customers when the dam is done, says Brady Yauch. Photo from BC Hydro.
Treaty 8 Chiefs Return Premier’s “Stake in the Peace” & cheque over broken promises
FOR IMMEDIATE RELEASE
Victoria, January 26, 2018 – In a public ceremony on the Legislature lawn today, Treaty 8 Chiefs returned three “Stakes in the Peace” inscribed with the names of Premier John Horgan and Ministers George Heyman and Lana Popham.
In a strongly worded open letter to British Columbia Premier John Horgan, Amnesty International is urging the province not to fail the Indigenous peoples of the Peace River Valley a second time.
It all boils down to one B.C. Supreme Court judge who will decide whether or not to grant First Nations an injunction against the project this spring, according to legal scholars who are keenly watching a new legal case against the $10.7 billion dam.
Contractors were blasting last month at a quarry for Site C, but the big explosion could hit taxpayers and customers when the dam is done, says Brady Yauch. Photo from BC Hydro.
