But that’s not what pharaoh Horgan chose to do. Last Friday, he told ratepayers and taxpayers to not worry. (And isn’t it wonderful, for a change, to have a social democratic King Tut knee deep in secrecy and unstable shales.)
Out poured the excuses faster than from a leaking dike: “No one could have imagined the global pandemic’s economic impacts,” tweeted the pharaoh.
Then the mighty one blamed former premier Christy Clark for pushing the project beyond an imaginary point of no return, proving that Horgan doesn’t understand a basic premise of modern economics. It’s called the sunk cost fallacy and it applies to personal financial decisions as well as megaprojects.
This live event features the salmon defender in conversation with coastal Indigenous leaders about our wild fish.
Premier John Horgan acknowledged the opposition to the project in a news conference. “I know there are a lot of British Columbians who have never accepted this is an appropriate way for BC Hydro to go,” he said.
His government inherited a project it never would have started and has done its best to deal with circumstances as they’ve presented
themselves, he said.
The 2017 decision to continue building Site C was difficult, but the decision announced today was easier, Horgan said. The dam is half