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Canada makes largest federal investment in Tecumseh's history to protect the Town from future flooding – Canada NewsWire

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TECUMSEH, ON, Oct. 26, 2020 /CNW/ – The safety and well-being of Canadians remains the Government of Canada’s top priority as the COVID-19 pandemic continues. The federal government is taking decisive action to support families, businesses and communities, and continues to look ahead to see what more can be done. Investing in infrastructure to create jobs and strengthen local economies is a key part of these initiatives.

In recent years, the communities of Tecumseh and Windsor experienced catastrophic storms that caused significant flood damage to local residences and businesses. Now more than ever, communities need help adapting to these intensifying weather events caused by climate change.

Today, Irek Kusmierczyk, Parliamentary Secretary to the Minister of Employment, Workforce Development and Disability Inclusion and Member of Parliament for Windsor−Tecumseh, on behalf of the Honourable Catherine McKenna, Minister of Infrastructure and Communities, and his Worship Gary McNamara, Mayor for the Town of Tecumseh, announced significant funding to reduce the impact of severe storms and flooding in the Town of Tecumseh.

The Government of Canada is investing $10.7 million in this flood resiliency project through the Disaster Mitigation and Adaptation Fund (DMAF). This is the single largest federal investment in Tecumseh’s history. The Town is also contributing more than $16 million to complete the project.

The work involves the construction of and improvements to four infrastructure assets: decommissioning of the St. Mark’s Pump Station; construction of a new consolidated Scully and St. Mark’s Pump Station; improvements to the PJ Cecile Pump Station and; improvements to the storm sewers at two locations to move storm water runoff to the consolidated Scully and St. Mark’s pump station.

This investment is just one of many regional flood-related projects recently funded by the Government of Canada, including a historic $32,090,691 investment in flood mitigation for Windsor in 2019.

Quotes

“On my very first day as MP for WindsorTecumseh, I met with Mayor McNamara to discuss key priorities for the Town of Tecumseh. With severe weather events on the rise, funding from the Disaster Mitigation and Adaptation Fund was outlined as a critical need. I am proud of the terrific collaboration between our federal government and the Town to deliver this important investment for the residents of Tecumseh. Once complete, the Tecumseh flood resiliency project will protect residences and businesses from the severe effects of flooding.”

Irek Kusmierczyk, Parliamentary Secretary to the Minister of Employment, Workforce Development and Disability Inclusion and Member of Parliament for Windsor−Tecumseh, on behalf of the Honourable Catherine McKenna, Minister of Infrastructure and Communities

“Flooding continues to be the most frequent and costly natural disaster in Canada. By investing in infrastructure, the Government of Canada is helping communities, like the Town of Tecumseh, increase their resiliency. The DMAF helps protect Canadians by reducing the risk of climate change and the long-term costs associated with replacing infrastructure following natural disasters.”

The Honourable Bill Blair, Minister of Public Safety and Emergency Preparedness

My Council colleagues and I have heard from residents that more needs to be done to protect them from flooding and flood mitigation is a vital priority for our Council. This funding will assist in building our town’s resiliency and keeping our community and its residents safe.”

 His Worship Gary McNamara, Mayor of the Town of Tecumseh

Quick facts

  • Windsor and Tecumseh have received over $50 Million to fund 16 projects related to flooding and wastewater.
  • The Disaster Mitigation and Adaptation Fund (DMAF) is a $2-billion, 10-year program to help communities build the infrastructure they need to better withstand natural hazards such as floods, wildfires, earthquakes and droughts.
  • To date, more than $1.7 billion has been announced through DMAF for 60 large-scale infrastructure projects that will help protect communities across the country from the threats of climate change.
  • DMAF is part of the federal government’s Investing in Canada plan, which is providing more than $180 billion over 12 years for public transit projects, green infrastructure, social infrastructure, trade and transportation routes, and rural and northern communities.
  • To support Canadians and communities during the COVID-19 pandemic, a new stream has been added to the over $33-billion Investing in Canada Infrastructure Program to help fund pandemic-resilient infrastructure. Existing program streams have also been adapted to include more eligible project categories.
  • The COVID-19 Resilience Stream will help other orders of governments whose finances have been significantly impacted by the pandemic by increasing the federal cost share for public infrastructure projects.
  • The Canada Healthy Communities Initiative will provide up to $31 million in existing federal funding to support communities as they deploy innovative new ways to adapt spaces and services to respond to immediate and ongoing needs arising from COVID-19 over the next two years.

Associated links

Disaster Mitigation and Adaptation Fund
http://www.infrastructure.gc.ca/dmaf-faac/index-eng.html 

Disaster Mitigation and Adaptation Fund projects in Ontario
https://www.infrastructure.gc.ca/plan/prog-proj-on-eng.html#1.3   

Investing in COVID-19 Community Resilience
https://www.infrastructure.gc.ca/plan/covid-19-resilience-eng.html

Investing in Canada: Canada’s Long-Term Infrastructure Plan
http://www.infrastructure.gc.ca/plan/icp-publication-pic-eng.html 

Investing in Canada plan project map
http://www.infrastructure.gc.ca/gmap-gcarte/index-eng.html

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Web: Infrastructure Canada

SOURCE Infrastructure Canada

For further information: Contacts: Chantalle Aubertin, Press Secretary, Office of the Minister of Infrastructure and Communities, 613-949-1759, [email protected]; Lesley Reeves, Manager Strategic Initiatives, Town of Tecumseh, 519-735-2184 ext 150, [email protected]; Media Relations: Infrastructure Canada, 613-960-9251, Toll free: 1-877-250-7154, [email protected]

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Verv: "Applying for a new investment was tough" – Innovation Origins

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When the UK went into lockdown in mid-March, the small Verv team, surprising as it may sound, was well prepared for the turbulent time ahead of them. “In 2019, we had already made significant cost savings after reviewing our business strategy,” says Louanne Steyn, CFO of Verv, “so we had a good overview of all our costs. We knew what we could do to reduce them in the short term.”

For example, Verv canceled the lease of their London office. “We are a small team and now we all work from home. If necessary, we can rent a space to get together.”

Steyn herself works from Devon, southwest of London. “During this pandemic, it is important to cut costs wherever possible and to be intelligent with spending. This will make a difference later on.”

Better focus on product strategy

Verv already had plans to invest in 2020. At the same time, the start-up focused on the latest predictive maintenance technology currently being applied to household appliances such as washing machines, dishwashers and refrigerators. Verv’s technology measures and analyzes the energy consumption of appliances at very high speeds. By applying specialized algorithms to this data, it is able to detect behavioral anomalies that can signal a fault in the machinery. Due to the high resolution of the technology, errors can be detected and prevented in real time, right down to the level of parts of a device.

Integrated microchip

The solution is available in multiple forms, including built-in firmware on an integrated microchip and an online adapter. By remotely performing a thorough analysis, Verv can provide the manufacturer with a detailed diagnosis and recommendations that can be passed on to repair departments and engineers at the companies involved as well as to consumers who own the device.

With sustainability at its core, Verv wants to offer the market more opportunities to repair rather than replace so that devices and appliances last longer and result in less waste. Steyn thinks that the corona crisis may create new opportunities in the market. “People have less money to spend. They want their things to last longer. Maybe now they’ll start thinking more carefully about the use of raw materials.”

Technology for all electrical products

Manufacturers can integrate the microchip into their devices or devices. But owners of existing devices can also benefit from the predictive maintenance solution. The concept is simple: It uses an online adapter with technology to collect the required data and send it to the platform.

The technology can be applied to any electronic device. “Think of chargers for electric cars where it is important to be able to quickly detect anomalies,” says Steyn. This market is expected to grow due to the need for sustainable transportation.

At one point, Verv was looking for new investments to further develop the technology and prepare for a commercial rollout. “This was a lot harder because investors were first looking at their existing portfolios and were reluctant to invest in new start-ups.”

Re-screened by InnoEnergy

In March, one of the owners of Verv, EIT InnoEnergy, investigated the possibility of reinvesting in some of the start-ups it has in its portfolio. “The process of applying for this was very tough,” says Steyn looking back. “We already knew in 2019 that 2020 would be a challenging year. But corona made that even more difficult.”

Verv further increased its focus on business strategy and product development. At the same time, the company went through the selection procedure set up by the EIT InnoEnergy start-up team. “Now that they have made additional investments, we are in a position to much more easily attract other investors.”

Product delivery likely in 2022

Steyn is happy that Verv is experiencing good traction this year and expects the company to survive the corona crisis. “I have worked for other companies within the circular economy before. I think it’s important to contribute to a more sustainable world with Verv.”

Verv’s business objectives and business strategy will not be greatly influenced by corona, Steyn thinks. Its technology remains on track for mass production, which is likely to start in 2022.

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Almost £10m has been lost to investment scams since March lockdown – Yahoo Canada Sports

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The Canadian Press

Montreal Impact use options on 10 players, including striker Quioto, ‘keeper Diop

MONTREAL — The Montreal Impact have elected to hang on to some of the club’s top talent, including striker Romell Quioto and goalkeeper Clement Diop, but may soon be parting ways with midfielder Bojan Krkic. The club announced Friday that it has exercised options for 10 players on its roster and opted not to pick up options for another four. Deals on five other players are set to expire at the end of 2020.“All of these decisions are about the financial and sporting sides, and we need to be better,” Impact sporting director Olivier Renard said on a video call. “We need to make the jump.”Some of the options weren’t picked because the club is looking to make space for new players, he added.“We have space to make movement and we will make that as soon as possible,” Renard said.In addition to Quioto and Diop, Montreal is keeping goalies James Pantemis and Jonathan Sirois, defender Karifa Yao, midfielders Clement Bayiha, Mathiew Choiniere, Tomas Giraldo and Amar Sejdic, and forward Mason Toye. The club previously extended loans for defender Luis Binks and midfielder Lassi Lappalainen through 2021.The club did not exercise options on four players, including Krkic, midfielders Steeven Saba and Shamit Shome, and forward Anthony Jackson-Hamel. The decision doesn’t necessarily mean Krkic won’t wear an Impact jersey next season, however. Renard said the club is interested in bringing the 30-year-old Spanish midfielder back, but decided not to pick up his option “for many reasons.” He said the Impact have made Krkic an offer, and the decision is now up to him.Krkic played in 17 regular-season games for Montreal this year, tallying four goals and two assists.Four other players will be out of contract at the end of December, including defenders Rod Fanni, Jukka Raitala and Jorge Corrales. A loan agreement for midfielder Orji Okwonkwo is also set to expire at the end of the year.Raitala, Montreal’s captain, and Corrales will not return next season, Renard confirmed, but the club is still waiting to see if Fanni, 38, wants to continue playing professionally. The moves come after the Impact finished ninth in Major League Soccer’s Eastern Conference (8-13-2). Montreal was eliminated from the post-season with a 2-1 loss to the New England Revolution in the play-in round. The Impact still have at least one game to play in 2020. The team is set to face Honduran club Olimpia in CONCACAF Champions League action on Dec. 15. Players who did not have their options picked up are not required by MLS to play in the game, but Renard said he is hopeful they will join anyway. This report by The Canadian Press was first published Nov. 27, 2020. The Canadian Press

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Brazil's Oil Giant Slashes Its Five-Year Investment Plan – OilPrice.com

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Brazil’s Oil Giant Slashes Its Five-Year Investment Plan | OilPrice.com

Charles Kennedy

Charles is a writer for Oilprice.com

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Brazil’s state energy giant Petrobras has cut its five-year investment plan by 27 percent to $55 billion, driven by the effects of the coronavirus pandemic. Reuters reported, citing a regulatory filing, that the company will focus its efforts on developing deepwater oilfields in the pre-salt zone that is estimated to contain billions of untapped barrels of oil. The pre-salt fields are Brazil’s main point of attraction for foreign energy firms, too.

Of the $55 billion Petrobras plans to spend over the next five years, most will go towards exploration and production. Still, at $46 billion, the sum to be allocated for exploration and production until 2025 is down from $64 billion planned a year ago.

The company also said it will only develop fields where it could break even at international oil prices of $35 per barrel.

As a result of the spending revision, Petrobras will produce less oil and gas next year, the company said, aiming for a daily average of 2.75 million barrels of oil equivalent. This is down from 2.84 million bpd this year. Related: EIA Sees WTI Crude Averaging $44 In 2021

However, going forward, production will increase, reaching 3.3 million barrels of oil equivalent in 2024. The boost will come from the pre-salt zone, which will also drive the company’s output this year. Petrobras said at the release of its third-quarter results in September that it had originally expected an output of 2.7 million bpd of oil equivalent for this year.

Crude oil production from the pre-salt fields marked a quarterly increase of 8.1 percent to 1.651 million bpd in the third quarter of this year, mainly due to higher operational efficiency of the platforms in the Búzios field and the ramp-up of production platforms in the Tupi and Atapu oilfields. Compared to the third quarter of 2019, Petrobras’ crude oil output in the pre-salt area jumped by 20.8 percent.

By Charles Kennedy for Oilprice.com

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