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As we reboot the global economy, a sustainable pathway is the only road ahead – UN Environment

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Key programmatic highlights

As we seek to dry the ink on the next MTS, I am pleased to report progress on our Programme of Work. Much of this is detailed in the Quarterly Report, but allow me to share some highlights. Our progress on securing the health of people and planet is situated within the broader framework of the Implementation Plan “Towards A Pollution-Free Planet”. Mandated by the Ministerial Declaration adopted by the Third UN Environment Assembly, the Implementation Plan aims to build synergies across various streams of UNEP work on pollution to strengthen coordination, information sharing, communication and reporting. You will hear more from the Team today.

The Global Tailings Review convened by UNEP, the Principles for Responsible Investment and the International Council on Mining and Metals launched the Global Industry Standard on Tailings Management in August. This is the first global standard on tailings management. It aims to significantly raise the bar for the mining industry to achieve stronger social, environmental and technical outcomes against the backdrop of terrible tragedies such as the Brumadinho tailings facility collapse in Brazil. Working together with industry and investors, we have effectively used our convening power to achieve this important milestone. Building on this successful model, UNEP will explore whether comparable standards can be developed to minimize the risk of at least some of the environmental catastrophes I referenced at the beginning of my remarks.

Excellencies, the Outcome document The Future we want adopted by the General Assembly in 2012, called on UNEP to “disseminate and share evidence-based environmental information, and raise public awareness on critical, as well as emerging, environmental issues.” I am proud to report that we continue to hold true to this task. Millions of people may have been indoors for months, but undeterred and with host country Colombia, UNEP organized vibrant, engaging and completely virtual World Environment Day celebrations in the lead up to and on 05 June.  A multi-lingual digital campaign #ForNature reached out to more than 100 million people. My appreciation to the Government of Germany for supporting this endeavour. We look forward to driving global conversation around nature at the UN Biodiversity Summit, the Fifth UN Environment Assembly (UNEA-5) and the  15th Conference of Parties to the Convention on Biological Diversity.

So a word on UNEA –  My thanks to Ambassador Coimbra for the excellent summary of the Joint meeting of the UNEA and CPR Bureau. Irrespective of the decision we arrive at, UNEP is fully committed to being flexible, realistic and prudent, in support of a successful UNEA-5. Our hope at the very least is for Member States to deliberate on and gavel the next Medium-Term Strategy, the Programme of Work and the Budget.

Update on funding

I am pleased to report that contributions to the Environment Fund in 2020 at over US$ 71 million, have exceeded 2019 contribution. A huge thanks to Member States for this vote of confidence. Nevertheless, the liquidity crisis impacting the United Nations regular budget, and expenditure controls introduced by the UN Secretary-General – notably the freeze on the UN regular budget – are beginning to impact UNEP. As you may recall, following Rio + 20, UNEP saw an increase in regular budget funding for critical positions such as the Chief Scientist and Sub-Programme Coordinators. So while regular budget funding constitutes only five per cent of our budget envelope, a prolonged inability to fill regular budget-funded vacancies – including by way of illustration the Chief Scientist position – will have a detrimental effect on our ability to deliver vital parts of the Programme of Work.  Mindful of global uncertainties, we will be prudent in expenditure controls that we have put in place. I look forward to continuing our dialogue on funding and resource mobilization at the upcoming Annual Sub Committee in October.

Inclusive multilateralism can rise to the challenge

As the UN Secretary-General has noted, this is a “make or break moment for the planet”. As we seek to reboot the global economy, how we prioritize and direct our resources can either secure human, economic and environmental health for generations to come, or take us down the grey path that has brought with it the suffering we are seeing today. We have little choice in the path we must take. Because if we look at the numbers, investing in a green recovery is the only thing that makes economic sense. Because spending on renewable energy can generate 2.5 times more jobs than fossil fuels. Because cleaner air can reduce the burden of disease from air pollution which is costing some countries 7 per cent or more of their GDP every year. Because as we embark on the UN Decade on Ecosystem Restoration, we know that investing one dollar in restoring ecosystems can generate nine dollars by way of return on ecosystem services and livelihoods. Because we know, as we witness an extraordinary General Assembly – one that is virtual and marks the 75th anniversary of the United Nations –that inclusive and effective multilateralism can rise to meet the challenge of these turbulent times.

We need your leadership to put nature and environmental stewardship at the heart of COVID-19 recovery because iconic American civil rights leader John Lewis who passed away a few months ago noted, “ Whatever we do to the earth, we do to each other.” UNEP stands ready to support Member States on this journey.

Thank you.

Inger Andersen

Executive Director

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Business

A timeline of events in the bread price-fixing scandal

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Almost seven years since news broke of an alleged conspiracy to fix the price of packaged bread across Canada, the saga isn’t over: the Competition Bureau continues to investigate the companies that may have been involved, and two class-action lawsuits continue to work their way through the courts.

Here’s a timeline of key events in the bread price-fixing case.

Oct. 31, 2017: The Competition Bureau says it’s investigating allegations of bread price-fixing and that it was granted search warrants in the case. Several grocers confirm they are co-operating in the probe.

Dec. 19, 2017: Loblaw and George Weston say they participated in an “industry-wide price-fixing arrangement” to raise the price of packaged bread. The companies say they have been co-operating in the Competition Bureau’s investigation since March 2015, when they self-reported to the bureau upon discovering anti-competitive behaviour, and are receiving immunity from prosecution. They announce they are offering $25 gift cards to customers amid the ongoing investigation into alleged bread price-fixing.

Jan. 31, 2018: In court documents, the Competition Bureau says at least $1.50 was added to the price of a loaf of bread between about 2001 and 2016.

Dec. 20, 2019: A class-action lawsuit in a Quebec court against multiple grocers and food companies is certified against a number of companies allegedly involved in bread price-fixing, including Loblaw, George Weston, Metro, Sobeys, Walmart Canada, Canada Bread and Giant Tiger (which have all denied involvement, except for Loblaw and George Weston, which later settled with the plaintiffs).

Dec. 31, 2021: A class-action lawsuit in an Ontario court covering all Canadian residents except those in Quebec who bought packaged bread from a company named in the suit is certified against roughly the same group of companies.

June 21, 2023: Bakery giant Canada Bread Co. is fined $50 million after pleading guilty to four counts of price-fixing under the Competition Act as part of the Competition Bureau’s ongoing investigation.

Oct. 25 2023: Canada Bread files a statement of defence in the Ontario class action denying participating in the alleged conspiracy and saying any anti-competitive behaviour it participated in was at the direction and to the benefit of its then-majority owner Maple Leaf Foods, which is not a defendant in the case (neither is its current owner Grupo Bimbo). Maple Leaf calls Canada Bread’s accusations “baseless.”

Dec. 20, 2023: Metro files new documents in the Ontario class action accusing Loblaw and its parent company George Weston of conspiring to implicate it in the alleged scheme, denying involvement. Sobeys has made a similar claim. The two companies deny the allegations.

July 25, 2024: Loblaw and George Weston say they agreed to pay a combined $500 million to settle both the Ontario and Quebec class-action lawsuits. Loblaw’s share of the settlement includes a $96-million credit for the gift cards it gave out years earlier.

Sept. 12, 2024: Canada Bread files new documents in Ontario court as part of the class action, claiming Maple Leaf used it as a “shield” to avoid liability in the alleged scheme. Maple Leaf was a majority shareholder of Canada Bread until 2014, and the company claims it’s liable for any price-fixing activity. Maple Leaf refutes the claims.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:L, TSX:MFI, TSX:MRU, TSX:EMP.A, TSX:WN)

The Canadian Press. All rights reserved.

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Economy

S&P/TSX composite up more than 250 points, U.S. stock markets also higher

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TORONTO – Canada’s main stock index was up more than 250 points in late-morning trading, led by strength in the base metal and technology sectors, while U.S. stock markets also charged higher.

The S&P/TSX composite index was up 254.62 points at 23,847.22.

In New York, the Dow Jones industrial average was up 432.77 points at 41,935.87. The S&P 500 index was up 96.38 points at 5,714.64, while the Nasdaq composite was up 486.12 points at 18,059.42.

The Canadian dollar traded for 73.68 cents US compared with 73.58 cents US on Thursday.

The November crude oil contract was up 89 cents at US$70.77 per barrel and the October natural gas contract was down a penny at US2.27 per mmBTU.

The December gold contract was up US$9.40 at US$2,608.00 an ounce and the December copper contract was up four cents at US$4.33 a pound.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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Economy

Construction wraps on indoor supervised site for people who inhale drugs in Vancouver

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VANCOUVER – Supervised injection sites are saving the lives of drug users everyday, but the same support is not being offered to people who inhale illicit drugs, the head of the BC Centre for Excellence in HIV/AIDS says.

Dr. Julio Montaner said the construction of Vancouver’s first indoor supervised site for people who inhale drugs comes as the percentage of people who die from smoking drugs continues to climb.

The location in the Downtown Eastside at the Hope to Health Research and Innovation Centre was unveiled Wednesday after construction was complete, and Montaner said people could start using the specialized rooms in a matter of weeks after final approvals from the city and federal government.

“If we don’t create mechanisms for these individuals to be able to use safely and engage with the medical system, and generate points of entry into the medical system, we will never be able to solve the problem,” he said.

“Now, I’m not here to tell you that we will fix it tomorrow, but denying it or ignoring it, or throw it under the bus, or under the carpet is no way to fix it, so we need to take proactive action.”

Nearly two-thirds of overdose deaths in British Columbia in 2023 came after smoking illicit drugs, yet only 40 per cent of supervised consumption sites in the province offer a safe place to smoke, often outdoors, in a tent.

The centre has been running a supervised injection site for years which sees more than a thousand people monthly and last month resuscitated five people who were overdosing.

The new facilities offer indoor, individual, negative-pressure rooms that allow fresh air to circulate and can clear out smoke in 30 to 60 seconds while users are monitored by trained nurses.

Advocates calling for more supervised inhalation sites have previously said the rules for setting up sites are overly complicated at a time when the province is facing an overdose crisis.

More than 15,000 people have died of overdoses since the public health emergency was declared in B.C. in April 2016.

Kate Salters, a senior researcher at the centre, said they worked with mechanical and chemical engineers to make sure the site is up to code and abidies by the highest standard of occupational health and safety.

“This is just another tool in our tool box to make sure that we’re offering life-saving services to those who are using drugs,” she said.

Montaner acknowledged the process to get the site up and running took “an inordinate amount of time,” but said the centre worked hard to follow all regulations.

“We feel that doing this right, with appropriate scientific background, in a medically supervised environment, etc, etc, allows us to derive the data that ultimately will be sufficiently convincing for not just our leaders, but also the leaders across the country and across the world, to embrace the strategies that we are trying to develop.” he said.

Montaner said building the facility was possible thanks to a single $4-million donation from a longtime supporter.

Construction finished with less than a week before the launch of the next provincial election campaign and within a year of the next federal election.

Montaner said he is concerned about “some of the things that have been said publicly by some of the political leaders in the province and in the country.”

“We want to bring awareness to the people that this is a serious undertaking. This is a very massive investment, and we need to protect it for the benefit of people who are unfortunately drug dependent.” he said.

This report by The Canadian Press was first published Sept. 18, 2024.

The Canadian Press. All rights reserved.

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