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SNC-Lavalin Group Inc
Symbol SNC
Shares Issued 175,554,252
Close 2020-11-18 C$ 22.09
Recent Sedar Documents

Van Sun says Atco, others hear Horgan's Site C hints

2020-11-18 06:40 ET - In the News

See In the News (C-ACO) Atco Ltd

The Vancouver Sun reports in its Wednesday edition that while BC Hydro continues full speed ahead with construction on Site C, Premier John Horgan has not decided whether to continue or cancel the troubled hydroelectric dam. The Sun's Vaughn Palmer quotes Mr. Horgan saying, "No, not at all," when asked by the CBC if he had made up his mind on whether it goes ahead. This at a time when BC Hydro's latest Site C construction bulletin, released Friday, reported that almost 5,000 workers were employed at the project on the Peace River in northeastern B.C. Based on a pace of roughly $100-million a month, the tab would be approaching $6-billion by the end of 2020. Still, Mr. Horgan insists that the fate of Site C is up in the air pending a report from special adviser Peter Milburn. The New Democrats appointed him to review the project after BC Hydro publicly disclosed Site C's geotechnical problems in a July filing to the B.C. Utilities Commission. "It's not a project that we would have started," continued Mr. Horgan, again pointing the finger at the previous B.C. Liberal government. Mr. Horgan has already hinted that he already knows more about the problems at Site C than he let on during the election campaign.

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