Quote:
Originally Posted by Hemi-Cuda
Looking at what's happening in Medicine Hat and Lethbridge today, last year wasn't a "100 year event", higher water volumes are simply becoming more common at this time of year. Anything that can be done now to prevent future flooding from becoming a disaster should be done
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Agreed - just finished skimming the AMEC report on the government of Alberta web page (the report that was referred to in the Herald article a few days ago) and the calculations (which the Herald reporter concluded did not support investment) are based on a 1% probability. Is it really 1%? What if it happens 2 or 3 times in a 100 year period? The NPV of mitigation costs change dramatically with the assumtions.