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Pharaoh Horgan and His $16-Billion Monument to Folly


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. ....

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'A Monstrous Monument to Greed and Stupidity': Critics React to Site C Decision


BC Liberals accuse NDP of mismanagement; Greens warn public to brace for higher costs.
Andrew MacLeod is The Tyee’s Legislative Bureau Chief in Victoria and the author of
All Together Healthy (Douglas & McIntyre, 2018). Find him on Twitter or reach him at
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Premier John Horgan confirmed today that construction of the Site C dam will once again go ahead. ‘I know there are a lot of British Columbians who have never accepted this as an appropriate way for BC Hydro to go,’ he said.
Photo via the BC government.
Premier John Horgan’s announcement today that the government will continue with the Site C dam despite massive budget increases and delays brought criticism from opponents and supporters of the project. ....

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