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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 [...]

Ottawa should tap third-party sources for infrastructure funding: report

Posted on March 29, 2017
Ottawa should encourage widespread investment in existing and new infrastructure by institutional investors, such as pension plans and insurers, according to a new report from the C.D. Howe Institute. In “New and Improved: How to Bring Institutional Investment into Public Infrastructure,” author Benjamin Dachis provides Ottawa’s new infrastructure bank with a blueprint for opening up investment opportunities to some of Canada’s largest investment funds. “Canadian governments are on the verge of the largest infrastructure spending increases [...]

Ambrose critical of federal budget

Posted on March 27, 2017
The Conservative Party is speaking very critically of last week’s budget introduced by the federal Liberal government. Speaking at the Toronto Region Board of Trade, Interim Leader Rona Ambrose was quick to criticize the ‘nickel and dime-ing’ of taxpayers she feels is very evident in this year’s budget, as well as the troubling track record being built on infrastructure. “What the Liberals did is they announced a lot of money that they were going to spend on infrastructure, and then they spent it on other things,” Ambrose said. “Now they [...]

Canada approved for Asian Infrastructure Investment Bank

Posted on March 24, 2017
Canada has been named as one of 13 applicants approved for inclusion in the Asian Infrastructure Investment Bank. Its approval marks the first North American country to become part of the Bank. According to an article from the Toronto Star, the China-led bank will provide infrastructure capital for major projects in countries throughout the continent. The federal government has been supportive of the bank since its creation in 2015, believing that it will open new global opportunities for Canadian companies. The addition of 13 new applicants brings [...]

Pomerleau unveils its new vision, values

Posted on March 23, 2017
After a coast-to-coast expansion and the celebration of its 50th anniversary, both in 2016, Pomerleau decided to revisit its corporate vision and values. “It was a perfect moment to reflect on our evolution and our future goals—and the ideal time for us to rethink a vision and values that are in line with our ambitions,” said president and CEO Pierre Pomerleau. “These are values that will grow with us—and that will make us grow. They will guide our behaviour and our decisions from now on,” he explained. Internal focus groups with employees [...]
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