Update: Premier John Horgan said Friday the province will continue building the Site C dam on the Peace River following the latest economic and geotechnical reviews of the now $16-billion project. Click here to read more.
Site C dam will continue; cost pushed to $16 billion alaskahighwaynews.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alaskahighwaynews.ca Daily Mail and Mail on Sunday newspapers.
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
But cancelling the project now would be an even worse deal for taxpayers, the government concludes. We re confident that the project can and should be completed safely, Premier John Horgan said Friday. A report by former B.C. bureaucrat Peter Milburn concludes cancelling the project would result in a $10 billion write-off, which would have to be borne by taxpayers or ratepayers, and would potentially result in credit rating downgrades for both BC Hydro and the B.C. government, affecting borrowing costs for both. The decision to complete the dam on the Peace River was announced Friday, following the release of the findings of two reports.
B C government to make announcement on future of Site C hydroelectric project theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.