Sask. could win in the zero-carbon economy but isn't seizing opportunities: report - CTV News Saskatoon | Canada News Media
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Sask. could win in the zero-carbon economy but isn't seizing opportunities: report – CTV News Saskatoon

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Saskatchewan lags behind other provinces in capturing opportunities in the global transition to a net-zero carbon economy, according to a new report.

“I think this needs to be the priority of governments across Canada,” said Jonathan Arnold, senior research associate at the Canadian Climate Institute, a national nonpartisan independent think tank that provides policy advice to governments on long-term issues related to climate change.

“The global low carbon transition is accelerating rapidly. We’re really talking here about the future livelihoods, jobs and incomes of workers, families and of entire communities. And there is a risk that if we do not prepare ourselves for this transition, then parts of Canada and some provinces are at risk of being left behind. These markets are already becoming increasingly competitive. So it really is incumbent on governments to take this seriously and make sure that the economy and the workforce are geared up for this.”

Saskatchewan doesn’t have as many companies active in the clean hydrogen and low carbon electricity, transportation and mining technology markets, Arnold said.

The province’s oil, gas and coal sectors also lag in decarbonizing their activities to make themselves globally competitive, he said.

“When you consider the transformative investments being made in some provinces, like Ontario in their automotive manufacturing sector to really transform into making EVs or look at some of the activities that are happening even in Alberta to decarbonize some of their heavy industry, we’re not quite seeing that same level of activity in Saskatchewan.”

However, Saskatchewan has a lot of opportunities for the zero-carbon transition, as it has some of the biggest potential for wind, solar and geothermal energy, he said.

In addition, 43 per cent of the 23 transition sector companies the group identified are involved in agricultural technology and alternative proteins, he said.

“There’s lots of room to grow there, we know that demand for agriculture and alternative proteins is going to increase significantly. And then also things that may not be intuitive, necessarily, to some folks, like helium, and this is an area that I know the province has prioritized and is exploring. Helium will play a certain role in the transition as it’s an input to lots of different technologies. So that’s also another opportunity.”

The stakes for a successful transition are high, as six per cent of Saskatchewan’s workforce is in transition-vulnerable sectors, the third-highest mark in Canada. Four communities of at least 10,000 people have high workforce concentrations in oil and gas and mining: Lloydminster (14 per cent), Estevan (13 per cent, Weyburn (11 per cent) and Swift Current (three per cent.)

“The transition is incredibly important. We want to make sure that that is as smooth as possible for workers. You know, some sectors have pathways to transition that are clearer than others. The automotive sector, for example, it’s pretty clear that the future is in zero-emission vehicles and that transition is already happening.

“For a province like Saskatchewan, oil and gas is a harder nut to crack. I think there are still lots of opportunities there for companies in the sector to, first of all, reduce their emissions to become more globally competitive, as there’s a higher premium on carbon emissions, but also to transform into other business lines.

“Instead of remaining as oil and gas companies, they start transforming into energy companies more broadly. That might just mean getting into renewables, it might mean getting into low carbon hydrogen, which is already happening in Alberta. It means really leveraging carbon capture utilization and storage technologies.

“It really is about transforming into other activities where demand is expected to grow. And we’re already starting to see that in other provinces. I think Saskatchewan could do a lot more to capture some of those opportunities.”

He said one of the most important steps is having policy certainty for businesses and investors, including a price on carbon that increases over time and environmental and climate regulations that encourage things like low carbon vehicle adoption and low carbon fuel adoption.

“I think there’s tons of room there for the government to, in some cases, just rebalance how public funds are used to achieve economic benefit in the community and really go after the areas where demand is expected to grow.”

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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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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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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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