Cyberwanderer’s Blog

June 2, 2009

AECL Sell-Off Ripe For Corruption; Emptying Canada’s Coffer

Filed under: Canada,Politics — cyberwanderer @ 11:29 pm
Tags: , , , , , , , , , , ,

The proposed sell-off of AECL to foreign firm are ripe for corruption. Whenever there’s foreign multi-national involved, Schreiber type lobbyist is not far behind. The government is also talking about letting contractor’s run the leftover, non-profitable part of AECL. Whenever I hear contractor and Harper / Flaherty,  it reminds me of Haliburton’s bidless contract or Flaherty’s awarding contract without tender.  The taxpayer end up having to pay more. And let’s not forget about the past Liberal’s Sponsorship scandal involving contracted out work that looks more like money laundering taxpayer’s money to private firm. The number of cases of contract that involves handing out exorbitant amount of money for little or no work in return are just so many. In best case scenario, the taxpayer will just get burned by constantly skyrocketing fee like the case with Highway 407 in Toronto.

In other AECL related news, Minister of Natural Resources Lisa Raitt apparently leftover some document labeled secret that mentioned talking points to try to blame Liberal for the isotope crisis. They would call it the “Liberal Mess”. (h/t A BCer in Toronto). Someone need to remind them that the Isotope crisis was created by Mulroney when he sell-off the profit that AECL get from the medical isotopes to private firm. AECL still produces the isotopes and sell it at non-profit price to MDS Nordion which in turns profited from them. So now another Conservative named Harper wants to sell off the only profitable division of AECL, which have been actively building nuclear plant around the world  using Canadian Technology. These countries includes  China, South Korea and Romania, where all projects were completed under or within budget and either on time or ahead of schedule.  But these successes are glossed over by the Harper friendly media who uses the very old reactor that produces medical isotopes to discredit AECL in favor of French company Areva. Some media columnist outrightly defame AECL and call for Ontario’s contract to be awarded to Areva.

So should we trust Flaherty and Harper to handle sell-off of taxpayers asset? Should we trust Harper, who has the same staff as Ontario’s Mike Harris? Including Flaherty who have been known to hide deficit. Something does not smell right when within four months, Flaherty’s prediction of deficit suddenly ballooned by more than 50%.  Now, Economist are warning that Flaherty’s projection are way off. TD pegged the deficit at $162 billion over five years, twice what Flaherty is projecting. Flaherty’s rosy prediction of $700 million windfall by 2013-14 was also disputed. Deficit is expected to be $19.4 billion in that fiscal year. Flaherty was also chided for having no plan to deal with the deficit. No surprise there really, since all Harper and Flaherty knows to do is deflect blame as “Liberal Mess” while doing nothing except selling assets to cover their butt in the short term. It’s the Harris / Flaherty disappearing Ontario’s deficit (and selling government assets) all over again. But this time they have a bigger assets and budget to burn at Federal level.

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