BC Hydro says it faces substantial new costs for the Site C dam after agreeing to suspend work on a portion of the construction until the courts can hear an injunction application this summer by a First Nation seeking to block the $10.7-billion project.
The West Moberly First Nation is seeking an interim injunction to halt the project pending a full civil trial that aims to kill Site C. A hearing on the interim injunction application is expected to begin in July.
Feb 26, 2018 - While BC consumers of carbon pay an ever increasing tax — $10 billion since 2009 — carbon producers are enjoying billions of dollars in subsidies.
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.
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.
