Memo to Media: Watchdog the Environment
Six issues the press must cover to hold power in this province accountable.
By Rafe Mair, Yesterday, TheTyee.ca
Excerpt – full article found here.
So-called ‘run of river’ projects. This donation of our wild rivers to Independent Power Projects (IPPs) so that they can make power, is one of the great heists in history. Their dams (and that’s what they are) divert water within rivers to generate power that BC Hydro is compelled to buy at double the market price and up to 10 times what they can produce it for themselves. And, it must be emphasized, nearly all of it is produced during run-off time when BC Hydro doesn’t need it but must buy anyway. They are on a “take or pay” contract forced upon BC Hydro by the Liberal government. Thanks to this unbelievable Liberal government policy, BC Hydro isnow in future debt to IPPs for some 50 to 60 billion dollars.
This has all been achieved with hardly a peep from the mainstream media! BC Hydro, the jewel in the provincial crown is now financially ruined by greedy business, urged on by a far right-wing government with nary a murmur by the mainstream media! BC Hydro, if in the private sector, would be bankrupt and escapes bankruptcy only because it can turn to us the public for their ongoing fiscal requirements. This is scandal of major proportions yet unmentioned by the media who are supposed to be protecting the province from this sort of corporate and government fiscal vandalism.