Santa's Giving Us Tonnes of Coal!
By Ben Meisner
Wednesday, November 30, 2005 09:07 AM
At the Finning good news announcement yesterday, you could hear these words echoing in your mind “Government does not know how to run business and that’s why we sold BC Rail.”
Certainly much of what the government has to say is true.
Agriculture Minister Pat Bell says mines in the Tumbler Ridge area are set to produce three times as much coal as ever was produced at the community. So, from the point of view that government doesn’t know how to run a business you’re quite right Pat. CN obviously took a look and saw what was about to happen in the coal industry. As a matter of fact so was everyone else, (including the people of Tumbler Ridge) that is one of the main reasons they were saying, don’t sell the railway when the coal market was about to explode.
But then true to form, the Government bought high and sold low. So we now have CN ready to cash in big at the expense of the people of BC when the government wrote off the Tumbler line and then virtually gave it away.
If you folks in the Liberal Party have wondered why we fought so hard to keep the rail line in the hands of the people it was because, we could see the benefits of having a rail line that was making, oh say 200 to 300 million a year for the province.
Instead we have Hunter Harrison of CN making the cocktail circuit in the USA telling everyone what a good deal he made in the buying of the rail line and how BC Rail’s operations stand to make $300 million this year.
Yes Sir Pat, government doesn’t know how to run a business, but we should add one more dimension make an intelligent decision when a business should be sold.
As a foot note, I noticed Gerry Offet, from Initiatives Prince George at the Finning announcement. Now hold it, didn’t Finning say they were hiring 30 new people? Wait a minute, wasn’t that the reason why Deopker didn’t come to the city, you know couldn’t find any help so they had to go to Salmon Arm? Isn’t that what Offet gave for the reason, or is my memory failing me?
I’m Meisner, and that is one man’s opinion.
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