Terasen Sale Must Be Snuffed

Posted on Wednesday, September 21 at 12:19 by 4Canada
Campbell signaled his betrayal of BC interests in 2003 when he changed the legislation governing the privatization of BC Gas, a crown corporation. When it was first privatized by Bill Vander Zalm's Social Credit government, the legislation limited the number of non-BC directors, and the percentage of shares that could be owned by one shareholder (10 percent). Perhaps, most importantly, in a world marked by fierce competition for energy resources, the old legislation stated that foreigners could own no more than 20 percent and that the company headquarters had to be in BC. All those provisions were wiped out by Campbell after intensive lobbying by Terasen executives and some $50,000 in political donations to the provincial Liberals. Even the pro-business Vander Zalm was moved to ask the obvious question: "Where's the whole concept of BC first...?" http://www.thetyee.ca/Views/2005/09/19/TerasenSale/

Note: http://www.thetyee.ca/V...

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  1. Wed Sep 21, 2005 7:26 pm
    There is no more BC First. The governments we have are no longer meant to serve the people which they claim to represent. They serve corporate intrests, and the concept of a global "free" market, which is the further consolidation of power in to the hands of the Elite.
    It is the implentation of the Global Oligarchy, and the return of Feudalism, under a different name.

  2. Wed Sep 21, 2005 8:51 pm
    The article forgot to mention that the personal information of all BC residents will become the property of a stinking torture state.

  3. Wed Sep 21, 2005 8:55 pm
    You got it : That where we are headed, but then again, didn't Feudalism come to a gory end, with the peasants coming out on top?

    The concentration of power in the hands of a few was always a great disruptive force in the feudal system. The rise of powerful monarchs in France, Spain, and England broke down the local organization. Another disruptive force was the increase of communication, which broke down the isolated manor, assisted the rise of towns, and facilitated the emergence of the burgess class. This process was greatly accelerated in the 14th cent. and did much to destroy the feudal classifications of society.

    The system broke down gradually. It was not completely destroyed in France until the French Revolution (1789), and it persisted in Germany until 1848 and in Russia until 1917. Many relics of feudalism still persist, and its influence remains on the institutions of Western Europe.


    WE SHALL OVER COME,


    ---
    Good government is not a party government

  4. by RPW
    Thu Sep 22, 2005 3:13 pm
    <blockquote><i>The concentration of power in the hands of a few was always a great disruptive force in the feudal system.</i><blockquote> The power in feudalism sat with "middle management", the lords of the manor. That was it's downfall, as it depended on isolation or semi-isolation to be successful. The power moved "uptown" as political loyalties consolidated. The power should have rested with the "bottom" of the pyramid, the peasants, which would have been represented by the lords of the manor. That would have ensured continuity, even as communications modernized. <p>Now power is moving ever nearer the top, the "peasanats" are becoming evermore disenfranchised in any meaningful sense, and this top-heavy arrangement is destined to collapse, even as it did throughout history.</p> Thomas Jefferson said it well with his "A little rebellion now and then"...............<p>---<br>RickW

  5. Thu Sep 22, 2005 8:48 pm
    With the BCLiberal Campbell government in power the Terasen sale is a foregone conclusion. Campbell is going out of his way to sell as much as possible of BC while he's in power and always to American or other foreign corporations, so that under NAFTA and WTO rules they can never come under Canadian control again. He got another good mandate to do anything just last May and he'll use it to the fullest. The suckers of BC are voting for him and the remnants of Reform on the federal level with the same platform, time after time.

    Just look at the US multinational directorships collected by Mulroney and his close associates. It is not lost on the Campbell gang. Ed Deak, Big Lake, BC.

  6. Thu Sep 22, 2005 9:28 pm
    Could the sale of Terasen not be cancelled as retribution for the $5 billion of unrighfully collected duties on Canadian softwood lumber?

    I mean, first pay that money, and then we may perhaps allow Kinder Morgan to buy the company.

  7. Thu Sep 22, 2005 10:15 pm
    The $5. billion is chickenfeed in comaprison what to the people of BC and Canada will lose with the sale of Terasen. We could also bet odds that much of the money Kinder-Morgan will pay for Terasen will be freshly created from the air by Canadian Banks, financing the sale of their own country. Ed Deak, Big Lake, BC.

  8. Sat Sep 24, 2005 3:10 am
    NDP Calls for Full Public Hearings into Terasen Sale


    VICTORIA -- The Campbell government is ignoring the public interest by refusing to demand full public hearings into the sale of B.C.-owned Terasen Gas to Texas-based energy giant Kinder Morgan, NDP Leader Carole James said today.

    "This proposed sale will affect every family and thousands of business in British Columbia," said James. "The Campbell government has an obligation to put the public interest first and demand open public hearings in every region of this province."

    NDP Energy Critic Corky Evans said that on September 9, the BC Utilities Commission held a "procedural conference" to consider the sale of Canada's third-largest public utility without the benefit of public hearings. He said the Campbell government flew an official to Vancouver to inform the BCUC that the Province had "no position" on public hearings.

    And earlier this week, BC Liberal Energy Minister Richard Neufeld dismissed public concerns regarding the sale, and suggested concerns were largely "manufactured." Neufeld stated instead that anyone with concerns could simply write a letter to the BCUC.

    "The BC Liberal government wants to slip the sale through under the public radar to avoid serious scrutiny of the deal," said Evans. "Already, Terasen Gas executives are awarding themselves big financial bonuses in anticipation of this sale, while the public is left with skyrocketing gas bills and little say in a deal that could have serious environmental implications."

    According to media reports, an internal Terasen Gas memo indicates that senior Terasen executives "are poised to cash in stock options worth $20 million if shareholders approve the transactions at meetings in Vancouver on October 18." Last week, the BCUC approved a 13-per-cent hike in natural gas prices Terasen charges to B.C. consumers.

    "Our energy resources belong to the people of British Columbia," said James. "And British Columbians have right to speak out on this sale and have their voices heard before a B.C. based company is sold off to an American conglomerate."

    -30-



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