BRITISH COLUMBIANS DON’T NEED THE SITE C DAM.
We need jobs.
We need a healthy economy.
We need clean, green energy.
We need a modern, 21st century energy system.
And that’s exactly why we don’t need the Site C dam.
- We don’t need to rely on hydro when other renewable energy options are cheaper—and keep getting cheaper.
- We don’t need to spend $3.4 million per job when there are more sustainable, financially sound areas of employment.
- We don’t need to undermine Indigenous treaty rights.
- We don’t need to accelerate major carbon and methane outputs, which the dam will produce.
- We don’t need to purchase expensive excess energy we don’t need—now, or in the future.
And we don’t need to spend $12+ billion on this project when BC Hydro is already nearly $28 billion in debt ($70+ billion if IPP contracts over next period are included). We don’t need to double every BC resident’s hydro bills. We don’t need to saddle our children with debt that will take more than 70 years to pay off, leaving little left for schools, hospitals or our infrastructure.
On November 1,2017 the British Columbia Utilities Commission (BCUC) released their independent report about the viability of the Site C dam. They are:
- Not persuaded Site C will be delivered on time and on budget.
- Skeptical of BC Hydro’s energy load forecast (which is understandable, given the company has consistently overestimated rates of demand by up to 30%).
- Convinced that increasingly viable alternative energy sources such as wind, geothermal and industrial curtailment could provide similar benefits to ratepayers—with an equal or lower cost.
Continue to tell your MLA that this dam can still be stopped (nothing has yet been built) and that you don’t want your hydro rates to double for a project that will go over budget and under deliver. There are greener, cheaper energy sources British Columbians can use.
To truly support British Columbians—with energy, with jobs, with a sustainable future—reject the Site C dam. We deserve better.
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SITE C ARTICLES
DANGEROUS DEBT LEVELS AND CREDIT RATING CONCERNS
BC Hydro loses money every year. They are now close to $28 billion in debt—not counting the $5.9 billion they have in deferral accounts or hidden elsewhere in accounting. This debt masks the hemorrhaging of BC taxpayers’ money while costs are deferred to future generations.
This is worrying to both BC taxpayers and international credit rating agencies, who have warned that BC Hydro and by extension the province of BC are at risk of having their credit rating downgraded unless the debt stops growing. As Moody’s stated, “The anticipated increase in debt continues to pressure the province’s rating.” BC Hydro’s finances, they said, are “among the weakest of Canadian provincial utilities.” …
The Site C dam project represents a violation of rights guaranteed by Treaty 8 and a barrier to Reconciliation. Both the BC and Canadian governments have made strong commitments to Reconciliation between Canada and First Nations, most recently reiterated by Premier...