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SNC-Lavalin acquires WS Atkins

Posted on April 24, 2017
SNC-Lavalin Group Inc. has announced that it has reached an agreement to acquire WS Atkins for $3.6 billion. The overall acquisition price is $4.2 billion including the pension deficit. Headquartered in the UK, Atkins is a respected consultancy in design, engineering, and project management, with a leadership position across the infrastructure, transportation and energy sectors. Tracing its roots back to 1938, Atkins today has 18,000 employees with revenues of approximately £2.0 billion in 2016, and is geographically diversified in the U.S., Middle East [...]

Nominations open for QUEST smart energy communities award

Posted on April 21, 2017
Yesterday, Quality Urban Energy Systems of Tomorrow (QUEST) announced that nominations are now open for their 2017 Smart Energy Communities Awards, which will be presented November 7, 2017 at QUEST’s 11th Annual Conference and Tradeshow, QUEST2017 — Smart Energy Communities on the Hill in Ottawa. The Smart Energy Communities Awards are presented annually to recognize leadership and innovation in advancing Smart Energy Communities in Canada through: Energy Integration, Energy Efficiency, Energy Collaboration, and the Broader Good. The categories represent [...]

Report: Sell municipal hydro assets to free capital for infrastructure

Posted on April 20, 2017
A new report from the C.D. Howe Institute has recommended that Canadian cities sell their local electricity distribution companies (LDCs) and recycle the capital into infrastructure investments. Capital from the sale of electricity distribution companies should be invested in critical municipal infrastructure, said the new report. In Surge Capacity: Selling City-owned Electricity Distributors to Meet Broader Municipal Infrastructure Needs, author Steven Robins wrote why there is no compelling public policy rationale for municipalities to hold these assets. "There's [...]

Canadian green bond market has potential to top $50 billion

Posted on April 10, 2017
Canada's capacity for green bond issues will be at least $56.3 billion in fiscal 2017/18. That's the finding in a Corporate Knights report released at the RBC Capital Markets Green Bond Conference in Toronto. The figure is based on an analysis of the capital requirements, debt-raising capacity, and intended uses of proceeds on the part of 21 of Canada's largest public and private bond issuers. "There's clear momentum in green bond markets, but it's still seen as a niche and perhaps even challenging financing tool," says Corporate Knights CEO Toby Heaps [...]

Endless opportunities for clean tech

Posted on April 7, 2017
The global clean tech sector is booming, and the federal government hopes to provide resources to continue to keep Canada as an industry leader. Speaking at GLOBE Capital in Toronto, federal Minister of Innovation, Science and Economic Development Navdeep Bains praised the growth of the clean tech sector, and its prevalence in every aspect of the Canadian economy. But the industry faces major challenges, challenges the federal government hopes to work to alleviate. Bains referred to three specific challenges in particular during his remarks: long-term [...]

A new focus for infrastructure

Posted on April 7, 2017
Strong sustainable communities, reduced greenhouse gas emissions, and projects that grow the economy will be the focus of federal government investment in infrastructure in the years ahead. In a panel discussion alongside Ontario Minister of Infrastructure Bob Chiarelli, federal Minister of Infrastructure and Communities Amarjeet Sohi discussed how the government will apply its green lens to infrastructure projects it funds in the years ahead. That will involve working closely with both municipalities and the province on projects that will move Canada [...]

Building the bank

Posted on April 6, 2017
As early details begin to roll out on the establishment of the Canadian Infrastructure Bank, an expert panel at GLOBE Capital provided its analysis of what its potential impact could be. The opportunity to invest in Canadian infrastructure is a welcome one, according to Olivia Steedman of the Ontario Teachers' Pension Plan. Steedman suggested that OTPP have long wanted to invest more in this country, and the bank has the potential to usher in the "dawn of a new era in infrastructure delivery." For Bruce Anderson, managing director for project finance [...]

A challenging build

Posted on April 6, 2017
How do we integrate tomorrow's infrastructure on the foundation of what we have today? That question was the focus of a panel of experts at GLOBE Capital, the two-day forum focused on answering questions on how to finance the 21st century. In the building sector, we are seeing the rapid evolution from focusing on automation and integration, to data and connectivity, to digital building. Changing the technology focus, in theory, three times in a decade, causes a challenge in building technology infrastructure that, when upgrades are needed, is not cost-prohibitive [...]

The opportunity is what's exciting

Posted on April 4, 2017
Minister of Environment and Climate Change Catherine McKenna was excited. Speaking to a room full of infrastructure, finance, and cleantech professionals from across Canada at GLOBE Capital in Toronto, McKenna was enthusiastic as she shifted her talk from the risks of climate change to the opportunity that it presents. She had opened the discussion by quoting a colleague who had provided the dark reality that climate change presents, referring to it as "a clear and present danger." That reality has started to settle in, and the result is that there is now [...]

Power sector infrastructure megaprojects run over time, budget: Report

Posted on April 3, 2017
According to a new EY report, Spotlight on Canadian power and utility megaprojects, Canadian infrastructure megaprojects run 39 per cent over budget and behind schedule by 12 months on average. “Canadian power and utilities companies need to act now to start to transform the way they control investment in megaprojects at the local and national levels,” says Gerard McInnis, EY’s Canadian power and utilities leader. “If Canada’s going to meet future demand for electricity capacity, the sector will need to significantly invest in power plants, as [...]
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