Former B.C. Hydro CEO earns half a million without working a single day
VANCOUVER -
Former B.C. Hydro president and chief executive officer Jessica McDonald received a total of $541,615 in compensation during the 2017-2018 fiscal year without having worked a single day for the Crown corporation.
She earned this money under a compensation package after the in-coming New Democratic government of John Horgan fired her. The previous B.C. Liberal government named her president and CEO of B.C. Hydro in 2014, and McDonald was a strong supporter of the controversial Site C dam project now going ahead following a review.
The current New Democratic government placed her on what financial disclosure documents call “salary continuance” effective July 21, 2017 — the day the government announced her departure.
According to financial disclosure statements, McDonald remained on “salary continuance” until Sept. 21 of this year. During this period, she earned $272,659, a figure that includes benefits, pension and other compensation.
McDonald — who used to be the deputy minister to former premier Gordon Campbell — is now working for Canada Post, which appointed her as interim president and chief executive officer in March.
She started in her new role on April 2, 2018, and now finds herself in the middle of managing a postal carrier strike.
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China to build 525-MW hydropower station on Yangtze tributary
CHONGQING - China plans to build a 525-MW hydropower station on the Wujiang River, a tributary of the Yangtze River, in Southwest China's Chongqing municipality.
The Baima project, the last of a cascade of hydropower stations on the section of the Wujiang River in Chongqing, has gotten the green light from the National Development and Reform Commission, China's state planning agency, the Chongqing Municipal Commission of Development and Reform said Monday.
The project, in Baima township of Wulong district, is expected to involve an investment of 10.2 billion yuan ($1.6 billion), it said.
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With a power-generating capacity of 525 MW, it is expected…
