BC’s Energy Oroboros 3

800px-Linteau_Musée_Guimet_25974As it is recounted in the Skanda Purana … Kirtimukha or glorious face is what is left of a beast created in the embodiment of Lord Shiva’s rage. In a gesture of containment Shiva ordered it to feed on itself and the Kirtimukha obediently obliged, tail first, leaving only his glorious face.

People pay Hydro

Hydro pays Province

Hydro pays Independants

Peoples pay Hydro

While no where near as the elegant as the beast of Hindu Myth, BC Hydro, the provincial Crown Corporation responsible for electricity, seems to exhibit the same structural properties. Let me explain …  According to an article in Desmogcanada.com  Eoin Finn of the BC Ratepayers Association, notes that BC Hydro is $20 billion in debt and goes on to explain that the corporation has used ‘deferral accounts’ to develop a further $6 billion  of debt that is misrepresented as an asset. All this, according to Finn, gives BC Hydro the worst debt to equity ratio of any public or private utility in North America.

Finn explains how this huge debt was built up over a period of 15 years by the previous Liberal government as it funded itself from BC hydro coffers to the tune of $3 billion regardless of income, or rather debt. They didn’t permit rate increases for electoral reasons. To top it all, they set up a privatization programme, wherein BC Hydro was obliged to buy power from Independant Power Producers (IPP) at rates that would cover the IPP’s expenses and capital costs’ regardless of market realities. It seems that BC Hydro presently buys power at a rate of $93 per megawatt hour and sells it for $88. As such, all we have today of a corporation that has been steadily eating itself for 15 years is its Glorious face – its Kiritimukha!

Image: https://en.wikipedia.org/wiki/Kirtimukha

https://www.desmog.ca/2018/03/02/what-you-need-know-about-bc-hydro-s-financial-mess-and-site-c-dam

 

 

BC Energy Oroboros 2

rwOV4CmQJiZTc4rq0_Bbqzl72eJkfbmt4t8yenImKBVvK0kTmF0xjctABnaLJIm9

According to the The Financial Post,  B.C. Hydro, the Crown agency responsible for electricity in the province has been privately expressing concerns that earthquakes triggered by fracking are a potential risk to its dams.

Fracking brings dams

Fracking brings earthquakes

Earthquakes break dams

Fracking breaks dams

Apparently, concerns about this possibility were first expressed in internal documents in 2009 and it is suggested that as early as 2014, B.C. Hydro drew up an agreement with the B.C. Oil and Gas Commission (BCOGC), to create five-kilometer buffer zones around dams within which new fracking and drilling rights would not be issued.

While this alleged agreement indicates the serious concerns within BC Hydro,  their public position seems a little more cavalier. In a response to Financial Times queries on this matter, BC Hydro seems to have responded with the following  – “… our dams can withstand events many times larger than those associated with fracking.”  The crown corporation holds that while,  ” fracking does have the potential to increase natural seepage  … ( this) … is an issue of increased cost, not dam safety … ”

Image: https://www.scoop.it/t/transcalar-imaginary

http://business.financialpost.com/commodities/energy/b-c-hydro-concerned-earthquakes-from-fracking-could-damage-peace-river-dams

 

BC’s Energy Oroboros 1

oroboros.png

The Oroboros, the serpent or dragon swallowing its own tail, is a visual paradox that symbolizes self-reflexivity and infinity. In Medeival Alchemy it represented the idea of primordial unity and imperishablity. I draw upon this eternal symbol to visualize the irony of the British Columbian Energy paradigm.

Fracking gives energy 

Fracking takes energy

Dams give Energy

Fracking needs dams

The LNG industry in Northeastern B.C. is supported by the Peace Canyon Dam  and the W.A.C. Bennett Dam, which is one of the largest dams in the world. There is also under construction, the controversial and contested  $9-billion mega-project , the Site-C dam.

image: http://www.oroborosyoga.com/history

http://business.financialpost.com/commodities/energy/b-c-hydro-concerned-earthquakes-from-fracking-could-damage-peace-river-dams