Wednesday, December 1, 2010
Leaked document suggests health-care privatization for Alberta
Wednesday, May 19, 2010
Council buys a pig in a poke
Incidentally, the Canadian Taxpayers' Federation is now softening their criticism of the deal:
I guess Colin and company would prefer not to be remembered as having been on the losing side...The Canadian Taxpayers Federation is calling the approval of the contract a mixed blessing because the plants are in major need of an overhaul.
"It looks like a good proposal — what they're offering — but we're just asking for a little bit more in the way of details," Colin Craig said.
A condition of the deal is that Veolia must save the city money.
Edited to add: Turns out Orlikow did vote against it... but Wyatt, of all people, voted for it. And Lillian Thomas missed the vote.
Tuesday, May 18, 2010
Taking government secrecy to a new level
From the Free Press. When the CTF agrees with the Council of Canadians and the CCPA, you know there must be something badly wrong somewhere...It's a deal so secret not even the mayor has seen the financial fine print.
It locks city hall into a 30-year contract with a multinational mega-firm and marks a big shift in policy.
Now critics from the left and the right are calling on councillors to step back from the brink of a $1.2-billion deal with Veolia Canada to privatize the renovation and parts of the operation of two city sewage treatment plants.
Council votes on the deal Wednesday.
"The partnership proposes to reduce rates and improve results for taxpayers so that's a good thing," said Colin Craig of the Canadian Taxpayers Federation. "However, councillors should ask to see the final contract before it's approved. Like they say, the devil is in the details."
Craig said as much of the deal should also be made public as possible without violating Veolia's business interests.
Several left-leaning groups -- the Council of Canadians, the Canadian Centre for Policy Alternatives and the union representing city workers -- agree, saying Veolia's reputation is "less than stellar" and serious questions about the contract remain unanswered.
Thursday, December 17, 2009
McGuinty to borrow a page from Harris' book?
From the Globe and Mail. It seems awfully shortsighted to me, especially with things like Hydro and the LCBO, which are reliable sources of government revenue. To sell those would be choking the chicken that laid the golden egg. Indeed, it's noteworthy that even Mike Harris backed away from doing this, so hopefully McGuinty will do so as well.The cash-strapped Ontario government is looking into the sale of all or part of its collection of Crown corporations, including the provincial lottery company and the retail monopoly on liquor sales, to raise cash to close a $24.7-billion deficit this year.
The Liberal government of Premier Dalton McGuinty recently hired two banks with experience in privatizations, CIBC World Markets
Inc. and Goldman Sachs Group Inc., and charged them with writing a blueprint for possible privatization of agencies, investment banking sources said. The sale candidates include icons such as Hydro One Inc., the Ontario Lottery and Gaming Corp., the Liquor Control Board of Ontario and Ontario Power Generation, said the bankers, who asked to remain anonymous because the talks with the government are private. The planned time frame for the initial study is short, just a couple of months, and then the government can decide whether to go ahead with any sales.
Tuesday, February 3, 2009
Right wing think tank advocates sale of Hydro-Québec
Hydro-Québec is racked by wretched inefficiency and would be better off to Quebec being privatized, according to a new study commissioned by the Montreal Economic Institute.From the Globe and Mail.
The long-awaited study, to be released Tuesday and authored by Claude Garcia, the retired former head of Standard Life's Canadian unit, is likely to reignite a political debate in Quebec about how to best exploit the province's vast hydroelectric resources.
Mr. Garcia last year estimated Hydro-Québec's market value at an eye-popping $130-billion, based on average North American electricity prices. Actually getting that much for Hydro-Québec, the developed world's biggest hydroelectric utility, would be unlikely, however, since power rates in Quebec are currently fixed well below market prices.
Hydro-Québec, a symbol of provincial economic prowess that took flight with the 1963 nationalization of the province's hydroelectric industry, currently charges deeply discounted rates to consumers in the province. Surpluses are sold to customers in the United States at market rates, but the highly profitable exports only account for about 10 per cent of Hydro-Québec's $12.3-billion in annual sales.