Conservation and … Wall Street? Behind a really big deal
A $375M Indigenous-led conservation effort in the Northwest Territories is a triumph of collaboration —...
Although former B.C. premier Christy Clark vowed to push the $9-billion Site C dam past the “point of no return” before the May 2017 provincial election, the fate of the most expensive public project in B.C.’s history is still far from certain.
B.C.’s new NDP government has vowed to send the dam for an expedited review of costs and demand by the B.C. Utilities Commission within a speedy six-week timeframe.
New aerial photos of Site C construction show a small stretch of the Peace River valley significantly altered by excavation crews. The building of the actual dam and associated infrastructure has yet to take place. Unless the project is stopped, construction is expected to continue until 2024 when the filling of the reservoir will flood 107 kilometres of river valley, flooding valuable agricultural land and First Nations historic sites.
An analysis by the Program on Water Governance at the University of British Columbia found that, if completed, Site C would operate at a 100 per cent surplus incurring an estimated $800 million to $2 billion loss to B.C. ratepayers. That same analysis calculated cancellation of Site C by the end of June 2017 would save B.C. between $500 million and $1.65 billion.
A bridge crosses the Moberly River which flows into the Peace River. A 400-metre tension crack appeared on the valley face directly across from the mouth of the Moberly River. The embankment was partially flattened is an effort to stabilize the slope. The tension crack was listed as one reason BC Hydro missed hitting key Site C construction milestones, according to a report filed with the B.C. Utilities Commission.
As a result of the tension crack, BC Hydro’s plans to construct Peace River diversion tunnels to allow construction of the dam structure may be delayed. According to BC Hydro’s construction timeline, the river is to be diverted September 2019.
A partnership that includes the Alberta corporation Petrowest, Korea’s Samsung C&T and a Canadian subsidiary of the Spanish conglomerate Acciona make up Site C’s main civil works contractors. According to BC Hydro these contractors have “experienced delays on several of their critical path activities, requiring a re-sequencing of planned work.”
According to BC Hydro 6,469 hectares of farmland — an area larger than all the farmland in Richmond — will be destroyed by the Site C dam and its vast reservoir. Floodwaters will cover this Peace Valley farm owned by Ken and Arlene Boon. An additional 5,900 hectares of farmland falls within what BC Hydro calls a “stability impact zone” and is at risk of destruction.
Arlene Boon, pictured here in her garden, and her husband Ken live on a third-generation farm recently expropriated by BC Hydro. The Boons are expected to vacate their property by July 23, 2017 unless granted a new extension by BC Hydro.
In the fall of 2016 BC Hydro applied for a provincial permit to destroy an ancient wetland known as a tufa seep for Site C construction. Botanist and lichenologist Curtis Bjork has studied the Peace River Valley since 2008 and said the tufa seep included in BC Hydro’s application likely began to form 10,000 years ago.
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Continue readingA $375M Indigenous-led conservation effort in the Northwest Territories is a triumph of collaboration —...
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