By: Terry Hand
Written: June 01, 2014
To build, or not to build the site C dam, that is the question!
For most of us embarking on a major and expensive project usually means we have a good reason for doing so, which brings me to the question, WHY build a dam at all? According to BC Hydro Site C dam will: “provide key benefits for B.C., including energy, dependable capacity and flexibility, regional economic development, job creation, and benefits for communities and Aboriginal groups”. This in itself sounds like a good project and has all the right ‘buzz’ words to keep the average voter happy, but it doesn’t really answer the question of why are we building this dam in the first place?
According to BC Hydro: “our forecasts show demand for electricity will increase by approximately 40 percent during the next 20 years”. Forecast (fore-cast) verb to predict, or estimate (a future event or trend). This sounds to me very similar to gambling, 1) Gamble (gam-ble) verb take risky action in the hope of a desired result. 2) noun an act of gambling; an enterprise undertaken or attempted with a risk of loss and a chance of profit or success.
For about fifteen years retired economist Erik Andersen has been monitoring Hydro’s accounting practices, their financial health and more importantly the cost of electricity to British Columbians. Recently Erik wrote an article which rebukes Hydro’s claim of a 40 percent increased demand for electricity over the next 20 years. Continue reading