Site C refloated by sunk capital

Dear Editor: The concept of sunk capital should be known to any business or economy student or professional. Sunk capital is money already spent, and not recoverable, on a project.

So far the Site C project has sunk capital of more than $2 billion. The interesting thing about it is that it is only the remaining capital to be spent on the project that determines the economic viability of proceeding with the project, regardless of the initial economics, Thus, the longer that Premier John Horgan delays in making a decision to cancel the project, the more attractive the project, on a go-forward basis, looks.

I contend that the premier already knows this and is planning to delay making a decision for as long as possible — so that the amount of sunk capital is even higher, and the amount of capital money, remaining to be spend, is less. This makes the decision to continue more favourable. Otherwise he should have cancelled, or at least mothballed, the project five months ago. Brian Sunderland

West Kelowna flowing from it, I stopped in horror as I recognized Henry... not a few minutes later a black ambulance pulled up and two men tossed him into the back, slammed the door and they were gone. I ran all the way home crying and holding on tight to the jar of jam I had been sent for to the Co-op.

Many years later when Henry could drink no more and had settled down (too little, too late) I met him as I was taking a short cut through a small town centre park. He was sat on a bench looking at the pigeons. I stopped and we got talking and the subject turned to the old days. I told him about the day I ran home crying with a jar of jam. He studied me for a moment then said, “I have never told anyone this before… not even your mother!”

He went on. “I remember getting thrown into the Mariah, I noticed a kid across the street. I woke up much later with a warm sensation of water being poured onto me and an awful taste in my mouth. A man twice my size was peeing on me”.

Henry went on to tell me that the local cop had had enough of the likes of Henry and had him delivered to the insane asylum. He spent nearly three days in there with the staff totally ignoring his panicking pleas of, “You have made a mistake. I don’t belong in here!”

I can’t recall all the things he told me, but he did say he had never been so frightened in his life. He did quit the binge drinking, too little too late, and now all these years later as he is pushing up the daisies I remember Henry’s opioid.

Back then there were no Naloxone kits. He didn’t need one. Don Smithyman Oliver