Today the British Columbia Fair Wages Commission released its first of two reports. The establishment of a Fair Wages was a key component of our Confidence and Supply Agreement with the BC NDP.

We are very pleased with the recommendations of the Commission as I outline in our release media release reproduced below

Media Release

Weaver statement on Fair Wages Commission report
For immediate release
February 8, 2018

VICTORIA, B.C. – Andrew Weaver, leader of the B.C. Green Party, issued the following statement in response to the Fair Wages Commission final report.

“We proposed the Fair Wages Commission with the goal of depoliticizing the process of setting minimum wage in B.C,” Weaver said.

“We support raising the minimum wage: ultimately, all British Columbians should have livable incomes. We know that our economy will be made even stronger when people can afford to live where they work, have adequate income and time to spend with their families and on their health, and have disposable income to help fuel local businesses.

“I am glad that a key recommendation of the report is to establish a permanent commission to keep politics out of minimum wage discussions, and I strongly urge the government to commit to this recommendation. This commission should be empowered with the explicit mandate of analyzing the impacts of minimum wage increases and recommending changes going forward based on evidence.

“It is essential that we ensure changes to the minimum wage are done within the broader context of the changing economy, and in a responsible way that minimizes adverse effects while maximizing benefits to British Columbians. As we move towards the goal of livable incomes for all British Columbians, we must put evidence first and proactively address the changes on the horizon. We look forward to working further with the government to explore innovative solutions, such as basic income, to the growing issues of precarious work and technological automation.”

-30-

Media contact
Jillian Oliver, Press Secretary
+1 778-650-0597 | jillian.oliver@leg.bc.ca

Over the last few months my caucus colleagues, legislative staff and I undertook extensive research and consultation as we developed our housing policy priorities for input into the Budget 2018 consultation process. Today we released the results of our analysis during a press conference at the Creekside Community Centre in Vancouver. Entitled Seeking Bold Action: Housing Priorities for Budget 2018, our policies place an emphasis on curbing speculation and the role of global capital in our housing market.

Below I reproduce my opening remarks at the press conference along with a copy of our press release.

Opening remarks

Today, I’m pleased to release a document outlining our priorities for action from this government on housing affordability.

In February the NDP Government will table their first full budget. They have a critical opportunity in front of them to take real action on housing affordability.

British Columbians have waited for action on this file from government for far too long.

People have watched as years of government inaction have allowed house prices to spiral out of control, as neighbourhoods empty and people are forced to make huge sacrifices to live in our cities.

This must not be allowed to continue. We need bold action now to tackle this crisis and make our cities vibrant, welcoming, and affordable.

Houses are not commodities – like gold or potash – which can be bought, sold, and traded exclusively for profit.

Homes are where people live, and they are the centre of our communities.

Yet our province is turning into a playground for the wealthy and our real estate a bank account for the wealthy.

Our cities have become a place for speculators to park their capital and reap huge returns, while ordinary British Columbians struggle to find a suitable place to live.

The skyrocketing price of real estate is precluding young people and families from buying homes in our cities.

Sky-high rents and near 0% vacancy levels in several communities are forcing renters to contend with huge competition, and to live in cramped and unaffordable accommodation.

As a result, young people are finding it increasingly difficult to see a future for themselves in our cities.

Small businesses in our cities are struggling to make rent, pay their property taxes and attract workers.

I’ve heard from many industries, especially our growing tech sector, that are struggling to attract and retain talent, because people can’t afford to live in our cities.

This is becoming a threat to our economy and must be fixed.

in January, an Insights West Survey found that 50% of British Columbians said that housing, homelessness and poverty was the #1 issue in BC. That’s up from 36% in August, and 14% in 2015.

Yesterday, a poll released by Angus Reid found that half of British Columbians want to see the housing market cooled. Just 14%, and just 1 in 5 existing homeowners, want to see prices continue to climb.

As part of our agreement with the NDP, we have the opportunity to share our priorities with them through budget consultations.

In this document, we summarize our input into the consultations and outline our priorities on housing affordability.

First and foremost, we want to see government take strong steps to curb speculation and restrict the impact of global capital on our housing market.

There is a great deal of evidence that foreign money is having a significant impact on our housing market, driving up prices well beyond what local incomes can afford.

Moreover, both global and domestic speculators are treating our houses as commodities to be bought, sold and traded exclusively for profit. They are reaping huge gains and pricing out people with average incomes who live and work in our cities.

But despite this, the provincial government has been hesitant to take action on global demand or on speculation. We think this needs to change with this budget.

When businesses can’t hire employees, when students are forced to shell out $800 a month to live in a tiny room, when our young people can’t see a future for themselves here, we need to realize that we are in an emergency.

Let’s take action to ensure that our houses are for homes first.

We believe that a crucial action government should take is to restrict the foreign purchasing of property in BC.

People who don’t live, work, and pay taxes here should be prohibited from purchasing existing property here. We can follow the lead of a number of other jurisdictions around the world, like New Zealand, that have done exactly this.

We also want to see government implement a speculators tax that targets absentee owners who own property in BC but do not pay adequate income taxes here. If the NDP does not pursue restrictions on foreign ownership, it is critically important that they include a speculator’s tax like this in this budget.

Government should levy a tax on flipping, to discourage the rapid flipping of property for profit, which drives up prices and adds no value to communities.

This government needs to take steps to protect the ALR from the impacts of speculation, including restricting the foreign ownership of ALR land and working with local governments to limit house sizes.

And we want to see loopholes closed that allow people to avoid paying taxes, including the bare trust loophole and ensuring that the foreign buyers tax applies to purchases of ALR land, partnerships, and pre-sales.

Our second priority is ensuring that we free up existing supply and ensure that new supply meets the needs of average British Columbians, not wealthy speculators.

A key part of achieving this goal is working with and empowering local governments to tackle the crisis, with the support of the province.

The province should work with local governments to regulate and restrict short-term rentals, to to encourage property owners to return units to the long-term rental supply.

The province should give all local governments the ability to tax empty homes, like they’ve done for the City of Vancouver, to discourage absentee ownership and raise revenues at the municipal level for housing initiatives.

And, the province should help local governments rethink zoning to increase the right kind of supply.

We also want to ensure that government deals with the impacts of the crisis on British Columbians in a responsible way, that does not put further inflationary effects on the market.

The irresponsible and risky BC HOME partnership should be repealed, and assistance to renters should be means-tested, streamlined and effective, to ensure help is going to those who need it most.

Finally, it is critical that government improve data collection and transparency, disseminate to support decision-making and to crack down on tax evasion and fraud.

To summarize

The scale of this crisis requires bold, decisive action if we are to make our cities livable and affordable.

Our cities should be places where people can afford to live where they work:

• where young people feel optimistic about their future;
• where small businesses thrive;
• And where neighbourhoods are vibrant and full of life.

This is the kind of society we should be building, and we will continue to pressure government to ensure that they deliver.

Thank you.

Media Release

Weaver releases B.C. Green Caucus housing policy priorities in Vancouver
For Immediate Release
January 31, 2018

VICTORIA, B.C. – Andrew Weaver, leader of the B.C. Green Party, released a summary of his Caucus’ housing policy priorities today in Vancouver. The Party’s Confidence and Supply Agreement with the B.C. NDP commits both parties to collaborate to make housing more affordable by increasing supply and dealing with the role of speculation and fraud. The policy document released today is a summary of the B.C. Green Caucus’ recommendations to government for the upcoming provincial budget.

“The affordability crisis is devastating communities across our province,” said Weaver. “In particular, despite significant evidence of the role of speculation in driving up prices, government has failed to act on the demand side. Our policies place an emphasis on curbing speculation and the role of global capital in our housing market.

“British Columbians have awaited action for far too long. It is time to move past rhetoric and get to work delivering solutions. We are putting forth realistic, evidence-based policies so that our consultations in this minority government are more transparent, and so that we can keep the pressure on government to take action.”

The measures the B.C. Green Caucus is urging government to implement include:

1. Curb speculation and the impact of global capital

• Restrict foreign purchasing of property
• Implement a speculators tax
• Implement a tax on flipping
• Close the bare trust loophole
• Close loopholes in the foreign buyers tax
• Implement ALR restrictions

2. Increase the supply of affordable housing

• Work with local governments to regulate and restrict short term rentals
• Give local governments the ability to tax empty homes
• Help local governments rethink zoning

3. Enhance financial stability for home-buyers and renters

• Eliminate the BC HOME partnership
• Instead of a universal “renters’ rebate”, provide means-tested support for renters

4. Improve transparency and data

• Collect more data on buyers and sellers of real estate
• Close loopholes enabling some investors to hide their identities
• Disseminate data more freely and regularly

“Everyday we are hearing stories from all corners of the province about the impact of this crisis, from young people forced to move out of province, to businesses who are struggling to pay rent and attract workers due to the cost of living,” added Adam Olsen, B.C. Green Party spokesperson for housing and municipal affairs.

“This is not healthy for our economy and it is not healthy for our communities. Our communities should be places where people from all walks of life can thrive. We will continue to push for bold action on this file so that we can ensure all of B.C.’s communities are vibrant, healthy and affordable.”

-30-

Media contact
Jillian Oliver, Press Secretary
+1 778-650-0597 | jillian.oliver@leg.bc.ca

Western Economic Diversification Canada today announced a $787,115 investment in the Victoria-based Alacrity Foundation of B.C. to support the western clean technology sector. BC announced that it would supplement this funding with an additional $79,000.

We are absolutely thrilled with this investment in Alacrity. The foundation has played a crucial role in incubating, nurturing and growing innovative local tech companies through to maturation. They have a global reach with regional offices in China, France, India, Indonesia, Mexico, Singapore, Turkey, Wales and Ottawa, Ontario.

Below I reproduce a copy of our press release celebrating this investment.

Media Release

Weaver welcomes clean tech investment from Western Economic Diversification to Alacrity
For immediate release
January 23, 2018

VICTORIA, B.C. – Andrew Weaver, leader of the B.C. Green Party, welcomed an investment of over $787,115 to the Alacrity Foundation of B.C. to support the Western Clean technology sector.

“This is exactly the type of investment we need to be making to ensure that B.C. and Canada are global economic leaders,” said Weaver.

“The world is forging ahead with the transition to the low-carbon economy. Countries as diverse as China, to Germany, to Saudi Arabia are investing heavily in clean technology and alternative energy. With our highly educated workforce, outstanding postsecondary institutions and entrepreneurial spirit, B.C. is poised to be a leader in the clean tech revolution.

“Government has a significant role to play in championing this vision and setting the priorities for our province. Our party will continue to support investment and innovation in this sector so that we can make this vision a reality.”

-30-

Media contact
Jillian Oliver, Press Secretary
+1 778-650-0597 | jillian.oliver@leg.bc.ca

Today the BC NDP announced that they would proceed with the construction of Site C. Their justification for moving forward is distracting, irrelevant and unacceptable. Ultimately, the BC NDP made a choice. They chose to eliminate the tolls on the Port Mann and Gold Ears bridges instead of cancelling Site C.

Back in August I pointed out how wrong it was to eliminate the tolls on these bridges. One of the key reasons was that the outstanding debt of $4.7 billion (Port Mann – $3.6 billion; Golden Ears – is $1.1 billion) would have to be moved from self-supporting debt to taxpayer-supported debt. Increasing taxpayer supported debt is worrying. The Province’s borrowing rates are largely determined by our credit rating, overall taxpayer supported debt load and the ratio of provincial revenue to provincial debt. Increasing this debt load risks the potential of downgrading our credit rating which in term would increase borrowing rates on the entire provincial debt. Back in August, the BC NDP simply announced that they would eliminate tolls without checking with credit rating agencies and without concern for the rising provincial debt. It turns out that there was room to increase debt by $4 billion without triggering a downgrade.

Yet today, they evoke concerns about increasing provincial debt as the reason why Site C must move forward. Had they not so crassly eliminated the tolls in a desperate attempt to grab votes, Site C could have been cancelled today.

What’s even worse is that today the BC NDP announced that the cost of Site C has now risen to $10.7 billion. Back in 2010 when Site C was advanced to stage 3 of the approval process, its price tag  was somewhere between $5 billion and $6.6 billion. In 2011 the price tag increased to $7.9 billion. Two years later it was $8.3 billion and then this past year the price tag grew to $8.9 billion, accompanying a year-long delay in the construction schedule. The BCUC report published on November 1 concluded that the costs for Site C woulld be $10 billion. In fact, the B.C. Utilities Commission said this: “Given the nature of this type of project and what has occurred to date, total cost for the project may be in excess of $10 billion, and there are significant risks that could lead to further budget overruns.” The cost, they found, could end up being $12 billion — and this only two years into a nine-year project.

I have been pointing out the fiscal folly of building Site C since October 2013 and I’ve documented the many, many interventions I’ve made on the subject on this site. Our efforts culminated in us sending a letter to the BC Government last week outlining the case against Site C.

I know that there are many, many British Columbians who are devastated by today’s decision. What bothers me more than anything is that I know of quite a number of NDP MLAs who campaigned on stopping Site C. For example, the agriculture minister, Lana Popham, earlier this year told a Victoria audience:

“we would send this to the BCUC immediately, we would speed up the BCUC process, make it sixty days, and we would have that decision. There is no way that this project would pass.”

“in my view, we’re nine seats away from being able to stop Site C.

Michelle Mungall, the Minister for Energy, Mines and Petroleum Resources told a group of Site C protesters that her government would stop Site C and implement their Power BC plan instead. John Horgan, our premier proudly held up a “Site C sucks” sign when he visited the Peace Valley prior to the last election.

When in opposition, George Heyman (now the minister of environment) was noted as saying “the dam project is wrong on every count because of its negative impact on agriculture, the environment, First Nations, clean energy commitments, economics, and the promise of jobs”. Many other NDP MLAs have spoken out against Site C or attended the annual Paddle for the Peace in celebration of the beautiful Peace Valley and in opposition to Site C.

Below I reproduce the press release we issued following the BC NDP announcement.

Media Release

Andrew Weaver responds to Government’s decision to continue with Site C
For immediate release
December 11th, 2017

VICTORIA, B.C. – Today Andrew Weaver responded to the NDP government’s decision to proceed with the construction of Site C.

“Our caucus is extremely disheartened by this decision. It is fiscally reckless to continue with Site C and my colleagues and I did everything we could to make this clear to the government.

“This government promised to be better than the B.C. Liberals. On this issue, the NDP government’s approach has turned out to be no different whatsoever.

“Since the beginning I have been concerned this would end up being a political decision. Today’s announcement reflects a sad reality for B.C., and British Columbians deserve better. They deserve a vision grounded in bold ideas that will enable our province to be a leader in the 21st century economy, not more empty campaign promises and political calculation.

“The government’s argument that cancelling Site C is too risky due to debt is incredibly cynical. This is a question of priorities. They had no problem adding billions onto the public debt to cancel the tolls on the Port Mann and Golden Ears bridges, transferring those costs to people outside of the Lower Mainland to pick up votes in a couple of swing ridings.

“Today, Site C is no longer simply a B.C. Liberal boondoggle – it has now become the B.C. NDP’s project. They are accountable to British Columbians for the impact this project will have on our future.

“We have seen what is happening to ratepayers in Newfoundland because of Muskrat Falls, a similar project, where rates are set to almost double. I am deeply concerned that similar impacts are now in store for B.C. ratepayers.

“The lost economic opportunities from continuing with Site C are profound. Our caucus has met with dozens of local governments, First Nations and B.C. companies with viable alternative energy projects. As countries across the world embrace small scale distributed renewable energy, this decision keeps B.C. locked in the past and risks foregoing enormous opportunities.”

-30-

Media contact
Sarah Miller, Acting Press Secretary
+1 778-650-0597 | sarah.miller@leg.bc.ca

Over the last few weeks Sonia Furstenau, Adam Olsen and I have tried to provide as much evidence as possible to make the case for cancelling the fiscally-reckless Site C megaproject. In fact, since I first raised the fiscal folly of moving forward with Site C in 2013, the case has become much, much stronger culminating in the British Columbia Utilities Commission report released on November 1, 2017.

In question period I’ve contrasted the escalating costs of Site C to the diminishing costs of renewables and noted the parallels with the controversial Muskrat Falls megaproject in Newfoundland and Labrador. I’ve pointed out that Site C was approved as a ratepayer funded subsidy to a non existent LNG industry. I’ve asked why the Columbia River Entitlement and distributed renewable projects have not been explored. And my BC Green colleagues have asked many more questions as well.

With the rising of the legislature last Thursday and ahead of an imminent decision regarding the fate of Site C, my caucus colleagues and I felt it was important to summarize our case against the project in an open letter that we sent to Premier Horgan. Below I reproduce a text of that letter.

Text of Open Letter

December 1, 2017
Premier John Horgan
Office of the Premier
Parliament Buildings, B.C. Legislature
Victoria, B.C.
V8V 1X4

cc: Hon. Michelle Mungall
Minister of Energy, Mines and Petroleum Resources
Dear Premier Horgan,

As we near cabinet’s decision on Site C, we write to you today to urge you to stop construction of the Site C dam.

Our Confidence and Supply Agreement committed government to sending Site C to the BC Utilities Commission (BCUC), BC’s independent regulatory agency, for an independent review of the project. In undertaking this review, the BCUC marshalled significant evidence and undertook an analysis of the implications of pursuing completion, suspension, and termination scenarios; the implications for ratepayers of different scenarios; and the potential for a portfolio of alternative sources of energy to meet demand.

The resulting report was comprehensive and provided a strong, evidence-based rationale for cancelling Site C. This rationale is founded in a number of key findings presented in the report, including:

1. Site C is already over budget, and is beset by considerable risks of further costly overruns and delays;
2. An alternative portfolio can meet future demand requirements, at the same or lower prices than Site C.

The BC Green Caucus believes that the findings of the report more than make the case that the best course of action for government is to cancel the project, remediate the land and begin the work of developing a 21st century energy system based on options presented in the alternative portfolio.

This argument is laid out in greater detail below.

Costs and risks of Site C

The estimated cost of Site C has escalated throughout its lifespan. Just last month, when the river diversion deadline was missed, the cost increased again from $8.3 to $8.9 billion, accompanying a year-long delay to the construction schedule.

It was therefore unsurprising to see the BCUC Panel determine that Site C will be behind schedule and substantially over budget. In the BCUC Panel’s words, “given the nature of this type of project and what has occurred to date, total costs for the project may be in excess of $10 billion and there are significant risks that could lead to further budget overruns”. The Panel found that these remaining risks include unresolved tension cracks and disputes with contractors. As such, the Panel found that it is unlikely that Site C will be completed on schedule by 2024, and even that construction costs could escalate even further beyond $10 billion.

This cost escalation is significant, and will have substantial impacts on British Columbia ratepayers. Given that we are only 2 years into what is supposed to be a 9-year construction project, we are gravely concerned about the impact on British Columbians of further expected delays and cost overruns.

As cabinet makes its decision, we hope they will also heed the lessons learned from another large-scale dam under construction, Muskrat Falls, in Newfoundland and Labrador. When the Muskrat Falls Project was sanctioned, it was estimated to cost $6.2 billion plus financing. The costs have since ballooned to more than $12 billion. The impact of this cost increase on rates in Newfoundland is profound. Nalcor Hydro now estimates that costs from the Muskrat Falls dam will result in rates almost doubling.

The lessons from this project are significant and relevant. Just last week the Newfoundland and Labrador government initiated a public inquiry into what happened with Muskrat Falls. Richard LeBlanc, the provincial Supreme Court judge leading the independent inquiry, has said “while we cannot undo the past we can learn from it”. While it may have been too late for their government to cancel their project, it is not too late for BC. We hope this government heeds his words and chooses a different path.

The potential of alternatives to meet demand

As part of its review, the BCUC was also mandated to analyze the ability of an alternative portfolio of commercially feasible projects and demand-side initiatives to provide similar energy benefits to Site C, including their potential to meet demand and their costs to ratepayers.

The Panel found that not only could an alternative portfolio of conservation, wind energy, and geothermal energy meet demand and provide similar benefits to ratepayers as Site C, but that it could do so with an equal or lower unit energy cost.

In addition to recognizing the current viability of alternative energy in BC, the Panel found that disruptive trends in technology pose one of the most significant risks to continuing with Site C. Evidence from around the world substantiates the Panel’s warning about technological trends. Prices for wind, solar, and

geothermal energy have plummeted year by year. The pace and scope of technological advance have exceeded even the most optimistic predictions.

Instead of locking ourselves into the path of the Site C Dam, we should seize this opportunity to build clean, distributed power that puts us on the cutting edge of innovation, and provides jobs and benefits to local communities.

In addition, though beyond the scope of the BCUC review, it is critically important that government also consider the impacts that this project has on First Nations, particularly in light of our collective commitment to implementing UNDRIP. Government must also consider the project’s impact on the environment of the Peace River valley. Through pursuing an alternative energy portfolio instead of Site C, BC can partner with First Nations, industry and local communities to build clean, distributed power across BC. These alternatives will employ more people than Site C and provide local jobs and benefits to local communities.

In the face of these developments, it would be irresponsible for government to continue down the path of Site C. We do not require Site C to meet our future energy needs – alternative sources of energy are more than able to meet demand, and they will enable us to adapt to changing needs, as they provide flexible sources of energy. In contrast, Site C locks us into an energy future that could impose significant burdens on future ratepayers, and we would be forced to sell any surplus power at a loss.

Final considerations

Laid out in front of this government is a choice. The previous government chose to forgo evidence and due diligence, and pushed forward irresponsibly with a project that it is clear should never have been started. What the BCUC report tells us is that it is not too late to correct this mistake.

However, the choice facing your government is not simply about which option will save ratepayers the most money. It’s a choice about what type of province we want to build. All around the world jurisdictions are embracing a modern, 21st century approach to energy policy. Pursuing this future would see the creation of a distributed, integrated power grid where the economic and employment benefits are shared by communities throughout the province.

Site C puts this future further out of reach, doubling down on the energy projects of the last century and undermining our ability to embrace the future.

We hope, as cabinet considers this decision, that they properly weigh this information contained within the BCUC report. Your government made the right decision in agreeing to commission an independent review before we crossed the point of no return. You need now to be guided by the evidence that this report puts forward.

This government has an opportunity to undo the mistakes of the last administration and chart a new, modern path for energy policy in BC. We hope you will seize this opportunity.

Sincerely,

Andrew Weaver
Leader, B.C. Green Party
MLA, Oak Bay-Gordon head

Sonia Furstenau
MLA, Cowichan Valley

Adam Olsen
MLA, Saanich North & the Islands

The Letter

Media Release

B.C. Greens make the case for cancelling Site C in open letter to government
For immediate release
December 1, 2017

VICTORIA, B.C. – B.C. Green MLAs Andrew Weaver, Sonia Furstenau and Adam Olsen sent an open letter today to Premier Horgan and Minister of Energy, Mines and Petroleum Resources Michelle Mungall making the case for cancelling Site C.

The B.C. Greens have been opposed to Site C since costs begun to escalate well past its initial budget, while the global cost of alternative energy has continued to fall.

The letter is attached.

-30-

Media contact
Sarah Miller, Acting Press Secretary
+1 778-650-0597 | sarah.miller@leg.bc.ca