A new report is calling for the suspension of B.C.’s Site C dam project, saying it’s no longer going to benefit the provincial economy as once expected and that power from the hydroelectric station will likely be exported at losses of up to $1 billion.
The report on water governance released Tuesday looks at which option would be best for B.C. from a business standpoint: cancelling, suspending or finishing the $8.5-billion project.
Ultimately, it recommended the project be put on hold and reviewed by the BC Utilities Commission.
A statement from the UBC researchers said several key changes that have happened since the project’s initial approval mean it isn’t the most cost-efficient option for producing power anymore.
Read full story here.
Here’s a super entertaining and informative video from the independent news agency, DeSmog Canada. They dig deep and bring you the facts and details so you know exactly what’s really happening. Please share far and wide!
Does the Site C Dam make Economic Sense? Interview with one of the authors of the UBC economic report on Site C, Dr. Karen Bakker here.