(Bloomberg) — Canadian shipments of crude by rail are poised to surge next year, spurring investment in new export infrastructure.
Crude-by-rail capacity in Alberta is expected to grow by 100,000 barrels a day in December after the provincial government eased production limits for oil transported by train, the Energy Ministry said Wednesday. Western Canadian rail loadings had already climbed as high as 411,000 barrels a day in November despite a week-long Canadian National Railway Co. worker strike that disrupted shipments. Now they’re set to reach 550,000 barrels a day, Alberta Premier Jason Kenney said earlier this month.
Calgary-based Gibson Energy Inc. became the latest company to announce new rail projects in response to the rising demand. The company on Wednesday said it plans to build a million barrels of new storage tanks at its Hardisty, Alberta, terminal, where it also plans to construct and operate a diluent recovery unit that will allow it to send more oil-sands crude by train. SunCoke Energy Inc. and Summit Terminaling are developing a rail terminal to deliver Canadian heavy crude to Louisiana refineries.
Rail has became critical to oil exporters after pipelines filled to capacity two years ago, causing prices to collapse and prompting Alberta’s government to impose limits on some oil production at the start of the year. With no new pipelines scheduled to be built before late next year and projects such as the Trans Mountain pipeline expansion facing legal challenges, exports by train have picked up.
Alberta has eased production limits, causing heavy Canadian crude’s discount to the U.S. benchmark to widen to more than $20 a barrel this month. At that level, crude-by-rail shipments become more economic, encouraging more cargoes, according to John Zahary, chief executive officer of Altex Energy Ltd, a crude-by-rail terminal operator.
“I think probably the next few months will get busier as we get into next year and these movements increase,” he said.
Developing investment cases for transformative results – World – ReliefWeb
This toolkit is designed to support UNFPA regional and country offices to develop country investment cases in support of one or more of the transformative results. It provides a concise and practical guide on how to develop a national investment case, including a step-by-step guide on:
- How to prepare for the investment case
- How to estimate the cost of the investment using standardized tools
- How to develop investment scenarios to determine the scale of the impact that can be attributed to the investment
- How to frame the investment angle
- How to use the investment case in national advocacy efforts.
UNFPA embraces the vision set forth in the 2030 Agenda for Sustainable Development and the targets included in the 17 Sustainable Development Goals (SDGs) through its strategic plan (2018-2021) with the goal to, “achieve universal access to sexual and reproductive health, realize reproductive rights, and reduce maternal mortality to accelerate progress on the International Conference on Population and Development (ICPD) agenda, to improve the lives of women, adolescents and youth, enabled by population dynamics, human rights, and gender equality”, (UNFPA, 2019) (UNFPA, 2017). UNFPA’s work is organized around three transformative, people-centred results in the period leading up to 2030. These results include: (a) ending preventable maternal mortality; (b) ending the unmet need for family planning; and (c) ending gender-based violence (GBV) and harmful practices including female genital mutilation (FGM) and child, early and forced marriage (Figure 1).
These transformative results reflect UNFPA’s mandate, comparative advantage, work experience, and capacity for advancing elements of the SDGs, and, in particular, are most closely aligned to Goal 3 (ensure healthy lives and promote well-being for all at all ages), Goal 5 (achieve gender equality and empower all women and girls), Goal 10 (reduce inequality within and among countries), Goal 16 (promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable, and inclusive institutions at all levels), and Goal 17 (strengthen the means of implementation and revitalize the global partnership for sustainable development) (United Nations, 2019). The transformative results reflect UNFPA’s prioritization and commitment to achieving SDG 3 and SDG 5, and are aligned with:
Target 3.1: By 2030, reduce the global maternal mortality ratio to fewer than 70 per 100,000 live births.
Target 3.7: By 2030, ensure universal access to sexual and reproductive health-care services, including family planning, information and education and the integration of reproductive health into national strategies and programmes.
Target 5.2: Eliminate all forms of violence against all women and girls in the public and private spheres, including trafficking and sexual and other types of exploitation.
Target 5.3: Eliminate all harmful practices, such as child, early and forced marriage and female genital mutilation (FGM).
Target 5.6: Ensure universal access to sexual and reproductive health and reproductive rights as agreed in accordance with the Programme of Action of the International Conference on Population and Development and the Beijing Platform for Action, and the outcome documents of their review conferences.
UNFPA, together with its partners across the globe, plans to attain the three transformative results by 2030 through three consecutive strategic planning cycles: (a) Strategic Plan 2018-2021, which sets the vision and starts action; (b) Strategic Plan 2022-2025 to consolidate gains; and (c) Strategic Plan 2026-2030 to accelerate achievements.
COST OF THE TRANSFORMATIVE RESULTS UNFPA IS COMMITTED TO ACHIEVING BY 2030
In 2019, ground-breaking research by UNFPA and its partners determined the cumulative global price tag to achieve the three transformative results by 2030 for the first time (UNFPA, 2019). This analysis used aggregate country-level estimates from several different data sources and was guided by tailored tools and clear methodology. It revealed that achieving the three transformative results by 2030 in priority countries will cost $264 billion, of which $42 billion is currently projected to be provided by donors during this period in the form of development assistance. This means that new investments of $222 billion are required to meet the three transformative results by 2030 (Table 1) to be raised from mostly domestic resources, including government expenditures.
PURPOSE OF TOOLKIT
This toolkit follows UNFPA’s Guidance to Country Offices Volume I (UNFPA), which provides a roadmap and the information required for management and staff at UNFPA headquarters and regional and country offices intending to develop thematic investment cases. This toolkit, or Volume II of the Guidance, builds on Volume I and provides UNFPA country offices and investment case implementers with a stepwise approach to develop thematic investment cases to meet the transformative results by 2030. There is an individual toolkit for each transformative result; based on the respective needs and priorities in their settings, countries can choose to develop investment cases for one or more of the transformative results.
The toolkit is divided into seven chapters to guide users through the process of developing their own country investment case(s), including how to use their investment cases in advocacy efforts with partners.
The toolkit is intended for use by UNFPA business unit management and staff, as well as those carrying out the costing portion of the investment case, and provides a comprehensive guide to help users prepare and plan for the development of the national investment case, ensuring technical consistency in the application of tools and across all phases of the approach including the validity of cost estimates, investment scenarios and the scale of impact attributable to the targeted investment (UNFPA).
Canadian investment leaders set timelines for climate friendly economy at Davos – BNN
Two Canadian investment leaders endorsed a transition to clean energy at a virtual Davos World Economic Forum this morning.
Former Bank of Canada governor Mark Carney says that politicians can help markets finance the transition to zero-emission economies by setting credible forward commitments.
Carney, who was speaking in his capacity as United Nations Special Envoy for Climate Action and Finance, says that Canada’s carbon pricing plan is an example of a forward commitment, since it would hike the federal tax to $170 a tonne by 2030.
Carney, who is also vice-chairman at Brookfield Asset Management, says his research shows that financial and economic markets will adjust to future goals, such as upcoming bans of internal combustion engines in Europe.
Ontario Teachers’ Pension Plan chief executive Jo Taylor says that as a long-term investor, the pension plan tries to push its portfolio companies toward sustainability, rather than immediately divesting in carbon-intensive companies.
The pension plan said last week it would commit to reaching net-zero greenhouse gas emissions by 2050.
LeddarTech Announces Significant Growth in Customer Engagements, Partnerships, and Investment in 2020 – Financial Post
QUEBEC CITY, Jan. 27, 2021 (GLOBE NEWSWIRE) — LeddarTech®, a global leader in Level 1-5 ADAS and AD sensing technology, announces notable and significant growth in 2020.
Despite the pandemic, LeddarTech, a pioneer in automotive sensing technology, boosted growth in investment, units sold, ecosystem partnerships, strategic customer engagements, and acquisitions in 2020. In November of 2020, LeddarTech was recognized by Tracxn in a category of only six Canadian corporations as a Unicorn, defined by Tracxn as one with a valuation exceeding the billion, and even the multi-billion-dollar mark in some cases, representing the elite of the Canada Tech start-up sector.
Major 2020 Achievements:
- Reached over $350 million of investments from industry leaders.
- Contracted six Tier-1 and OEM customers to develop LiDAR measurement software, sensor fusion, and perception technology to enable ADAS and autonomous driving applications with a lifetime value over US$1.5 billion, supporting a growing opportunity funnel well over US$4.0 billion.
- Signed strategic partnership agreements with three global automotive Tier-1/2 customers for LiDAR platform development.
- Delivered over 9,000 low-cost solid-state LiDAR sensors to customers, a double-digit increase over 2019.
- Announced volume production of the award-winning Leddar™ Pixell with manufacturing partner Faurecia-Clarion Malaysia.
- Announced the addition of four major global technology companies as collaborative partners for joint delivery of LiDAR solutions to the market within the Leddar™Ecosystem, including STMicroelectronics, Flex, dSPACE, and Ningbo Sunny Optical. LeddarTech expects to report further additions to the Leddar Ecosystem H1 of 2021.
collaboration with Renesas to accelerate autonomous driving and ADAS development. This platform combines LeddarTech’s industry-leading raw data sensor fusion stack and LiDAR technology with Renesas’ newly launched R-Car V3U, a best-in-class ASIL D system-on-chip (SoC) for ADAS and AD systems.
- Accelerated automotive sensing solutions through two acquisitions:
- Phantom Intelligence: This acquisition advanced LeddarTech’s strategy to aggregate and consolidate automotive sensing technologies, enabling the company to offer comprehensive solutions to our customers at lower cost.
- VayaVision: This acquisition added a vital building block by combining sensor fusion and perception technology with LeddarTech’s proven LeddarEngine™ platform. The LeddarEngine platform built on an open software architecture combined with LeddarVision™ enables LeddarTech to address customers’ need for sensing solutions that are hardware agnostic, scalable, and adaptable to any vehicle and sensor configuration.
The acquisitions of VayaVision and Phantom Intelligence, combined with over a decade of expertise in groundbreaking L1-5 ADAS and AD sensing technologies, demonstrate LeddarTech’s commitment to continuous innovation and service to our Tier 1-2, OEM, and autonomous mobility customers.
LeddarTech also expanded operations in Israel and augmented the existing engineering team with world-class AI and machine learning engineers.
“2020 was the most challenging year in recent history, but meeting challenges is in LeddarTech’s DNA,” stated Mr. Charles Boulanger, CEO of LeddarTech. “We are very proud of the advances we have made as an organization and the faith that our customers and strategic partners have placed in us,” concluded Mr. Boulanger.
“Our partners and customers recognize that they can rely upon LeddarTech’s ingrained expertise in sensing solutions that have been achieved through over 10 years of pioneering experience,” said Mr. Frantz Saintellemy, President and COO.
LeddarTech is a leader in environmental sensing platforms for autonomous vehicles and advanced driver assistance systems. Founded in 2007, LeddarTech has evolved to become a comprehensive end-to-end environmental sensing company by enabling customers to solve critical sensing and perception challenges across the entire value chain of the automotive and mobility market segments. With its LeddarVision™ sensor-fusion and perception platform and its cost-effective, scalable, and versatile LiDAR development solution for automotive-grade solid-state LiDARs based on the LeddarEngine™, LeddarTech enables Tier 1-2 automotive system integrators to develop full-stack sensing solutions for autonomy level 1 to 5. These solutions are actively deployed in autonomous shuttle, truck, bus, delivery vehicle, smart city/factory, and robotaxi applications. The company is responsible for several innovations in cutting-edge automotive and mobility remote-sensing applications, with over 95 patented technologies (granted or pending) enhancing ADAS and autonomous driving capabilities.
Daniel Aitken, Vice-President, Global Marketing, Communications, and Product Management, LeddarTech Inc.
Tel.: + 1-418-653-9000 ext. 232
Leddar, LeddarTech, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, VAYADrive, VayaVision, and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names, and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.
Watch Live: Blue Jays introduce newly signed star George Springer – Sportsnet.ca
Carney, OTPP CEO set timelines for climate friendly economy at Davos – BNN
GameStop, BlackBerry, AMC stocks see trading halts as social media hype drives volatility – Global News
Silver investment demand jumped 12% in 2019
Iran anticipates renewed protests amid social media shutdown
Galaxy M31 July 2020 security update brings Glance, a content-driven lockscreen wallpaper service
Tech3 hours ago
PS5 restock at Sony Direct: More consoles expected this week – Tom's Guide
Tech12 hours ago
The 2022 M5 CS Sedan is BMW’s quickest production car ever – Driving
News12 hours ago
Canada seeking exemptions from Biden’s ‘Buy American’ provisions
Sports12 hours ago
Schilling requests to be removed from HOF ballot going forward
News12 hours ago
Cheap Auto Insurance in Canada
Tech13 hours ago
The 2022 M5 CS Sedan is BMW’s quickest production car ever
Health12 hours ago
Central Island continues dominating COVID-19 case counts, active cases dip across B.C.
News12 hours ago
Canada to unveil more steps to restrict foreign travel, provinces impatient with delay