Given recent $16 billion #SiteC news I want to explain this project as a business decision to build a rental house. Buckle up and grab a sewing machine as I pull this 🧵
My main point: any project choice is a trade-off compared against alternatives. 1/LOTS
What kind of house should we build? Hydro? Wind? Geothermal? In 2013 @AJWVictoriaBC compared the 2013 site c costs to a different renewable: wind. In 2011 a $7.9 billion site C would cost between 8.7-9.5c/kWh - but wind costs were about the same. bit.ly/3r5c44j
Since 2013, global solar and wind costs dropped dramatically, but the capital costs of Site C have doubled from 7.9 to 16 billion. (If you have current site C kWh costs, @ me) bit.ly/2NQTEG2
The @BCGreens will:
"directly share resource revenues with local First Nations, municipalities, and regional districts"...🌲🏔️🌲
...and it's more important than you think. A THREAD #bcpoli#BCElection2020#clearwater#vavenby 1/?
As mentioned previously, our forest sector lost 50% of its jobs over the last ~30 years. I don't buy into the whole "erosion of the working forest" or "we need to log in protected areas" because the harvest data shows a different story - we fluctuated but stayed constant. 2/?
The big challenges ahead of us are 1) mid term timber supply and 2) job losses due to other factors (eg mechanization, tenure consolidation). This is why resource revenue sharing is so critical for rural communities! 3/?