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Canada will ban single-use plastic items by the end of next year

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Canada plans to ban single-use plastics — checkout bags, straws, stir sticks, six-pack rings, cutlery and even foodware made from hard-to-recycle plastics — nationwide by the end of 2021.
The move is part of a larger effort by the nation to achieve zero plastic waste by 2030.
“Plastic pollution threatens our natural environment. It fills our rivers or lakes, and most particularly our oceans, choking the wildlife that live there,” Canadian Environment Minister Jonathan Wilkinson said Wednesday in a news conference. “Canadians see the impact that pollution has from coast to coast to coast.”
The plan also includes improvements to keep “plastic in our economy and out of our environment,” he said.

Canada and plastic waste

Single-use plastics make up most of the plastic litter found in Canada’s freshwater environments, according to the government.
Prime Minister Justin Trudeau first announced the country’s plan to ban these kinds of plastics last year, describing it as “a problem we simply can’t afford to ignore,” according to a news release.
In addition, single-use plastics have three key characteristics that make them a target of the ban, according to Wilkinson.
“They are harmful in the environment, they are difficult or costly to recycle and there are readily available alternatives,” he said.
According to the government, Canadians throw away more than 3 million tons of plastic waste every year — and only 9% of that plastic is recycled.
“The rest goes to landfills or into our environment,” said Wilkinson.
Although the new regulations won’t come into effect until 2021, the Canadian government is releasing a discussion paper outlining the proposed plastics ban and soliciting public feedback. It will be available until December 9 of this year.

Coronavirus and plastic PPE

As the world grapples with the coronavirus pandemic, personal protective equipment has become a part of people’s day-to-day lives.
Wilkinson clarified that the single-use plastic ban would not affect “access to PPE or any other plastics used in the medical environment.”
Nevertheless, he said the government is keeping an eye on pollution stemming from the use of protective equipment.
“We did discuss pollution considerations relating to PPE at the Canadian Council of Environment Ministers meeting earlier this summer,” Wilkinson said. “We committed, with the provinces and territories, to working together and with industry to ensure that we can properly dispose of PPE so that it does not end up in our natural environment,”
“We are also investigating solutions to recycle PPE where it is safe to do so, and add options to make some of the PPE biodegradable,” he added.

Source:- CNN

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Restaurant Brands reports US$357M Q3 net income, down from US$364M a year ago

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TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.

The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.

Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.

Consolidated comparable sales were up 0.3 per cent.

On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.

The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:QSR)

The Canadian Press. All rights reserved.

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Electric and gas utility Fortis reports $420M Q3 profit, up from $394M a year ago

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ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.

The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.

Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.

Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.

On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.

The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:FTS)

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Thomson Reuters reports Q3 profit down from year ago as revenue rises

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TORONTO – Thomson Reuters reported its third-quarter profit fell compared with a year ago as its revenue rose eight per cent.

The company, which keeps its books in U.S. dollars, says it earned US$301 million or 67 cents US per diluted share for the quarter ended Sept. 30. The result compared with a profit of US$367 million or 80 cents US per diluted share in the same quarter a year earlier.

Revenue for the quarter totalled US$1.72 billion, up from US$1.59 billion a year earlier.

In its outlook, Thomson Reuters says it now expects organic revenue growth of 7.0 per cent for its full year, up from earlier expectations for growth of 6.5 per cent.

On an adjusted basis, Thomson Reuters says it earned 80 cents US per share in its latest quarter, down from an adjusted profit of 82 cents US per share in the same quarter last year.

The average analyst estimate had been for a profit of 76 cents US per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:TRI)

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