The company says the decision will put its brands on a stronger footing.
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Make no mistake, there's a price to pay when B.C. Hydro becomes a political arm of government. The intertwining of self-interests gets complicated, while the interests of ratepayers can take a backseat to political interests.
It's too bad that Toronto's mayor has attracted so much publicity but it's, on balance, a very good development for Canada. There will be the Rob and Doug Show and, more importantly, he's hogging the spotlight away from others whose behaviour has been worse.
China's growth, while enviable, is slowing. But power is opaque here, a problem in a globalized world, and the government controls information flow. It in the midst, like America, of a power struggle over who will run their nation. America is undertaking a noisy and disruptive election process while China is undergoing a power struggle behind closed doors as to who will run the superpower for the next 10 years.