Former BC premier warns project would ‘severely damage BC Hydro and B.C. credit ratings.’
The Site C dam is an “economic, fiscal, environmental and aboriginal treaty rights disaster,” according to former B.C. premier Mike Harcourt.
In a letter submitted to the B.C. Utilities Commission, which is currently reviewing the $8.8-billion project, Harcourt said Site C will “severely damage BC Hydro and B.C. credit ratings” and lead to increases for ratepayers across the province.
Harcourt, who first voiced opposition against Site C in late 2016, said a recent study from Oxford University that found worldwide hydro projects see average cost overruns of 90 per cent should be a warning to B.C.
“What a coincidence both recent BC Hydro transmission lines have recently seen 90 per cent cost overruns,” Harcourt wrote to the commission.
Read More: https://thetyee.ca/News/2017/08/24/Harcourt-Joins-Call-to-Halt-Site-C-Dam/