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109:(CPC), Columbia Basin Trust's Joint Venture Partner in power projects in the Basin. Fifty per cent of the net profits go to Columbia Basin Trust for the benefit of the people of the Basin. The income from the investments is being spent on social, economic and environmental benefits for the residents of the Basin.
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There was a lack of prior consultation with the people of the Basin, including the 2,300 residents who were displaced by flooding of their communities and farms. The people of the Basin came together in the early 1990s to press the
Province for recognition of the injustice of this situation. Local
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As directed by Basin residents, $ 45 million is being reinvested for the benefit of Basin residents through short-term cash investments, business loans, real estate ownership, and venture capital projects.
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governments in the Basin coordinated their efforts at the regional district and tribal council level under the
Columbia River Treaty Committee, which first met in 1992.
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in both countries. Most of the benefits of the CRT were enjoyed by areas outside the Basin while most of the negative effects were, and still are, felt by the Basin.
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On both counts negotiations were successful and
Columbia Basin Trust was formed. Columbia Basin Trust received a $ 295 million endowment by the Province.
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The allocation to the region of funds representing a fair share of the ongoing downstream benefits earned under the CRT, to be managed by the trust.
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The
Committee, in partnership with elected officials from the region, negotiated with the Province. They had two objectives:
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In addition, Columbia Basin Trust receives $ 2 million per year from 1996 to 2012.
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30:(British Columbia) in 1995 to benefit the region most adversely affected by the
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in 1964, led to the construction of three storage dams in the Basin (the
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95:$ 250 million is committed to finance power project construction.
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The
Province further committed to transfer $ 250 million to the
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The creation of a trust governed by a board of Basin residents.
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in 2005 for "social, environmental and technical excellence."
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Revised
Statutes of British Columbia 1996, Chapter 53
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65:dams) and one in Montana (
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45:The CRT, ratified by the
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26:was created by the
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189:. Retrieved
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191:January 25,
59:Keenleyside
401:Categories
295:BC Transit
137:References
372:(defunct)
67:Libby Dam
270:BC Hydro
153:Archived
290:BC Rail
55:Duncan
51:Canada
193:2020
112:The
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
