Site C likely a failed megaproject

BY MARK HUME originally appearing in The Globe and Mail

The great divide over the Site C hydroelectric project on the Peace River was evident at an energy conference in Vancouver last week when two former British Columbia premiers expressed polar opposite views.

Mike Harcourt, New Democratic premier from 1991 to 1996, said the project is “a disaster” that should be abandoned, even though billions of dollars have already been spent on it.

“You cut your loss at $2-billion or you go ahead and blindly build” and end up $15-billion to $19-billion in the hole, he said, predicting massive cost overruns. Continue reading →