Monday, July 22, 2013

This Day In Snookland...Would You Buy A Used Sparkle Pony From That Man?


While it may look, smell, taste and read like pabulum, the lede to Rich Coleman's Op-Ed in today's VSun has an interesting nuance buried in it:

In British Columbia, we have a unique opportunity to capitalize on our most promising resource to generate revenues in excess of $100 billion over the next 30 years, while enabling the world to benefit from one of the cleanest-burning fossil fuels on the planet.

Like other jurisdictions have done, we intend to create a Prosperity Fund into which revenues from our natural gas sector will flow and will help eliminate B.C.’s debt...

Did you catch that?

That bit about how the prosperity fund will now only 'help' to eliminate B.C.'s debt.


Does that mean that somebody is getting ready to bring in a new herd of golden unicorns to get the deal done for real?

The most fantabulous pre-election claim of the most majestic of trillion (yes, with a 't') dollar sparkle pony sightings?....Here.
Tippotoque to Ben Parfitt via the Twittmachine.



North Van's Grumps said...

Wasn't there a Christy Clark Election Promise of a Trillion Dollars over Fifty years?.... and now we're down to a Rich Coleman statement of $100 billion over thirty Years.

What's happened to the middle money, the difference?

.... a cost-conscious government looking to seize a potential trillion-dollar liquefied natural gas opportunity and slay the debt within 15 years.

RossK said...


Why I believe that was buried in a post-election lede from Ms. Christy's most-favoured friendly at the CP, Mr. Meissner.

What's happened to the middle money you ask?

Well, that was, I believe, the not quite so fantabulous, but still magical and highly sparkly, 'up to' $260 billion dollar revenue number spouted by Ms. Christy herself back in pre-election February as reported by Geoff Dembicki of The Tyee.

But, then again, according to the good Mr. Baldrey anyway, we irresponsible bloggers just make stuff up...

...All the time.


North Van's Grumps said...

In 1973 .....
16. $10,000,000 set up in a Provincial Land Acquisition Fund to purchase land for future housing-sites. (File Name: 75771_1973_excerpts)

Hansard 1973 ....... Provincial Land Acquisition Fund

In 2013, the BC Liberals are selling off those lands to balance their budget eg. Little Mountain housing.

Note: Hon. Dave Barrett = Provincial Land Acquisition Fund

26 items all told in his Budget presentation ... plus this tidbit dealing with percentages as opposed to cash expecting to be in the Millions and Billions and Trillions of expected dollars 15 and 30 and 50 years out into the future.

# 22 Petroleum royalties to be increased about 30 per cent.

Anonymous said...

Add this to the LNG fantasy and you can see how badly we are been fleeced!

Laila said...

They have hedged their bets and have moved onto coal as the winner... read this post

RossK said...

Thanks Anon and Laila--

Important stuff Mr. Gillis is doing there.

And as for the coal...Guess the new golden unicorns are a little soot-laden.


Grant G said...

Speaking of soot.

Here`s another $178 million worth of oops.