Thursday, March 28, 2013

From BC Rail To PC Trust...The Incredible Shrinking Return On Investment.


This morning Michael Smyth woke up and smelled the Pacific Carbon Trust coffee and noted the what many, including the two Bobs (Mackin and Simpson), have already made clear:

...The Pacific Carbon Trust paid out $13 million to companies that donated $2.5 million to the Liberals...

Which, of course, is outrageous.

But it pales in comparison to the return of others who donated to the BC Liberal Party who made out even better in the wake of the BC Rail sale/not sale.

After all, by our reckoning, those fine folks got was coming to them for way less than a cool million in donations to the party.

Interestingly, one very fine former public servant was involved in overseeing the dispersement of public assets to private parties in both situations.

And that would be Mr. Chris Trumpy who is the current chair of the Board of Directors of the Pacific Carbon Trust and who was once the Deputy Minister of Revenue that, according to the Finance Minister at the time, Mr. Gary Collins, was assigned the BC Rail file for said ministry.

Imagine that!



North Van's Grumps said...

> Press Release on PCT by Gordon Campbell

> PCT board March 28, 2013 disagrees. But has there EVER been a Crown Corporation replying to an Auditor General's Report to MLA's and the Public? Where's the Minister responsible for PCT?

RossK said...


Dig that last statement on the 2009 press release re: 'real' reductions in GHG emissions...Also not who said it.