Back in 2003 out of the blue Campbell comes up with a green energy plan,his plan required by 2016 for BC to almost double it`s generating capacity,first off we never had black-outs,we always had power,what could we possibly need with all that power?
Now back at this time I wasn`t paying much attention but when I heard that BC hydro was barred by law to produce any of this power my antennae went up,why would you ban a crown corporation from making future profits for our own benefit,something was terribly wrong,how could the media totally ignore that!..........Let me repeat that, Gordon Campbell stated to the media in the legislature that BC hydro,a money making corporation was going to be barred/banned from producing any new power,and a government directive stating all new power generation must come from private for profits companies!
Is it just me or shouldn`t the media`s alarm bells have rung? Mine did.......,but boy has the worm turned,Gordon Campbell is such is dismal failure,his energy plan is all but dead.....Several things have transpired since Campbell tried to screw us, firstly,we BCers must have some friends with clout in the California senate, back when Campbell just up and sold all our rivers for 5 to 10 thousand apiece,no one told me they were for sale,I could of scraped that much together,Campbell figured he could kill our fish,ruin habitat and reward his corporate buddies,my how the mighty have fallen..........
Lets start with 2 years ago,Campbell had full coffers,surpluses,his sell off was in go mode and........Strike 1----The CRASH, The world markets tank,everyone is broke,no one can get financing,wall street,hedge funds,derivatives,everyone was screwing each other,the big boys cry for bail-outs,countries,states,towns,people,everyone is broke.....So now what,Campbell gets a reality check on how economies change.
Strike 2--Earlier this year the California senate rules that BC (proposed) run of river power isn`t green......This was a big move,the California senate ruled that the environmental footprint was too large for this power to be considered green,and the California senate also had strict wildlife requirements,especially fish.....So with the California senate ruling means that California will not pay a premium for tainted power,it would justify California buying coal power or something dirty. -----Read the story here on the California senate http://www.vancouversun.com/Technology/California+rejects+green+power+claims/1453593/story.html
So lets look at these strikes,everyone is broke,big-time broke,California lays an egg in Campbells lap,they tell him his power isn`t green and he`s killing fish,and add the fact that California is broke,why buy power for a big premium when you can buy cheap electric.....
Meanwhile the media was still silent,I mean all the BC hydro employees who left hydro to go work for Plutonic and others,surely the media must of known something was up,and not just hydro employees,ex BC Liberal government staffers were all heading to Plutonic power.
So meanwhile Plutonic power and Naikun and other private power companies are loading up the BC liberal party bank accounts,well well,I knew something was up,Campbell knew he was in trouble,his energy plan is imploding,no one is going to buy this high-priced power,everyone has been promised a huge premium for their power all backstopped by BC hydro and the tax-payers,Campbell is in panic mode,so not for one minute do I believe that the BCUC decision to reject Campbell`s green energy was a surprise to me or Campbell, his green energy plan had become completely derailed,no one to buy it and BC is too broke to absorb massive energy losses,so I believe the BCUC decision was on orders from Campbell,after all the BCUC has backed up the government on all of it`s requests so far.
Here is what I believe,Campbell doesn`t have the balls to tell Plutonic that the deals are off,so he gets the BCUC to do his bidding.
So today the five dam project was halted in the Kooteneys over the 1000 negative impact reports on wildlife,paticularly fish,all fish in the Glacier and Howser river would be dead and the people had the California senate report stating they wouldn`t buy the power,it wasn`t green,it wasn`t fish-centric and didn`t have adequate river flow for fish,so now this project has been cancelled for now,when did the ministry of the environment stop anything? read about it here--- http://www.theprovince.com/Technology/Five+proposal+West+Kooteney+riles+residents/1900603/story.html
Which brings me to Naikun wind power,Paul Taylor,Campbell`s ex deputy finance minister,then Campbell appointed Taylor to ICBC to be their CEO, and I need not remind you that Taylor was CEO through the rigged auction scandal and the chop shop scandal,he quietly slipped out to become CEO for the Naikun wind project,well Naikun is in trouble,first off they can`t get investors,the Haida have offered 250 million for a 30% equity share(which is a hell of a deal considering the cost is 2 billion for the project and 250 million is but 1/8 of the cost but 1/3 equity share) but the Haida is asking Ottawa for the money,well Ottawa is saying no,and finally the Naikun wind project will only proceed if campbell agrees to pay a super high end price for that power(wind power is expensive) but the problem with wind power,it`s unreliable,any wind power would have to go into the grid and be backstopped by BC Hydro reserves,how could we sell high priced wind power when the wind could stop and does stop all the time,wind power has to be backstopped. So Naikun needs a BC tax-payer guarantee on the power price,Naikun needs investors and money,the Haida needs the federal government to lend them money on a deal that is backstopped by the BC government which has to backstop the wind power generation with BC hydro reserve power.
You see that California could never rely on Naikun wind power,what happens when the wind stops,and trust me,the windiest places in BC don`t always blow....read about Naikun here
So Campbell has been a financial disaster,even his giveaways have backfired,so it is my belief that Campbell is squashing his own green energy plan,he is getting the BCUC to do the dirty work, as for that little blurb in the throne speech talking about Burrard thermal and the BCUC that was nothing but posturing.
Which brings me back to the media,something funny going on,Baldrey,Palmer,Smyth,everyone of them are mad at the government,mad about the HST,the deficit shocker,all the lies,yet the media,Palmer,Baldrey,Smyth all three of them are pro private power,in fact all 3 of them are pushing the government to over-rule the BCUC and jam private power down our throats,why.....I have been asking myself why,and the only thing I can think of is this,those three clowns hang around the legislature,they knew Campbell was flogging and promoting private power,they knew hydro workers and BC Liberals insiders were joining Plutonic and others in droves,well these IPPs are publicly traded companies,perhaps the three wise men or stooges have a different motivation,could it be the the legislative reporting team have perhaps invested money in private power?
The Straight Goods
Cheers-Eyes Wide open