15:25:36 EDT Mon 18 Oct 2021
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
SNC-Lavalin Group Inc
Symbol SNC
Shares Issued 175,554,252
Close 2020-10-20 C$ 21.68
Recent Sedar Documents

Globe says Atco awaits report on Site C "debacle"

2020-10-21 07:28 ET - In the News

See In the News (C-ACO) Atco Ltd

The Globe and Mail reports in its Wednesday edition that of the many issues awaiting the next government of British Columbia, none is more vexing and politically fraught than the Site C dam project. The Globe's Gary Mason writes that on its present course, it has the potential to be the greatest financial disaster in the province's history. Before calling the current election, which concludes Saturday, NDP Premier John Horgan ordered an investigation into the current trajectory of the project and the consequences its myriad challenges are expected to have on final costs and timeline. That report is expected in the next few weeks. It will almost certainly contain bad news. The question is whether it will be bad enough to cause the government to consider cancelling it. The thought of a cataclysmic failure of the dam's wall down the road must keep Mr. Horgan up at night. The problem is the soft sedimentary shale that underlies the construction site. Mr. Mason says there is no question that the BC Liberals deserve enormous blame for this debacle, pushing the project to the point where most believe there was no turning back. However, it is the NDP's problem now, and they are likely to wear this, no matter what happens.

© 2021 Canjex Publishing Ltd. All rights reserved.