Prime Minister Justin Trudeau has announced $10 billion in infrastructure spending in such areas as clean energy, broadband, and agriculture that he says will create 60,000 jobs and boost the economy.
Trudeau announced the three-year Canada Infrastructure Bank plan at a press conference on Thursday along with Infrastructure Minister Catherine McKenna and Michael Sabia, who was appointed chair of the banks board in April.
“With smart, targeted investments, we can get people back on the job, grow the economy while building a healthy, sustainable future for everyone,” Trudeau said.
He said the money will be invested in projects ranging from “clean power, zero-emissions buses, and home retrofits, to broadband and irrigation infrastructure for farmers.”
The funding will go toward the following five initiatives:
- $2.5 billion for clean power to support renewable generation and storage and to transmit clean electricity between provinces, territories, and regions, including to northern and indigenous communities.
- $2 billion to connect approximately 750,000 homes and small businesses to broadband in underserved communities.
- $2 billion to invest in large-scale building retrofits to increase energy efficiency.
- $1.5 billion for agriculture irrigation projects to help the agriculture sector enhance production, strengthen Canadas food security, and expand export opportunities.
- $1.5 billion to accelerate the adoption of zero-emission buses and charging infrastructure.
Asked whether the growth plan includes the hospitality and tourism sectors that were hit hard by the COVID-19 pandemic, Sabia said that the top priority is implementing the five initiatives outlined in the plan. But he added that the bank will also look at a “variety of opportunities.”
The infrastructure bank was created by the Liberals in 2017 with a $35 billion budget to spend over 10 years with the goal to attract private sector and large institutional investors, to pay for what the government called “transformational” infrastructure projects.
However, the bank has been criticized for the relatively few investments it has made thus far, in just nine projects. During last falls federal election campaign, both the Conservatives and the NDP promised to abolish the bank if elected.
Conservative Leader Erin OToole reiterated that promise on Thursday, calling the Liberals plan just another re-announcement.
“Construction workers in New Brunswick, commuters in Montreal, and agricultural workers in the Prairies dont need more Liberal hashtags and photo ops,” he said in a statement.
“They need an actual plan to build roads, bridges, and railways.”
The Liberals say the investment plan is part of the governments promise in last weeks throne speech to create one million jobs and revive an economy ravaged by the COVID-19 pandemic. It is also intended to help the government meet its goal of net-zero carbon emissions by 2050.
Sabia said projects that get the banks backing would require them to contribute to economic growth, draw in private capital to turn $1 of public funding into $2 or $3 of spending, and help the bank earn back what it pays out.
He said the bank has already started the work needed to identify aRead More – Source
Ukraine nursing home fire: Four arrested after Kharkiv blaze leaves 15 dead
Ukrainian authorities have arrested four people in connection with a deadly fire at a retirement home in Kharkiv.
15 people were killed after a blaze ripped through the nursing home on Thursday afternoon in the eastern Ukrainian city, according to emergency services.
Nine others were rescued, five of whom have been taken to hospital for treatment.
Pictures from the scene showed blackened rooms and barred windows on the upper floor of the two-storey building, which had been converted into a home for the elderly. 50 firefighters attended the incident to extinguish the flames.
In a statement on Facebook, the country’s attorney general, Iryna Venediktova, said four people have been arrested.
The suspects include those who owned and rented the building, as well as the manager of the retirement home. Authorities say they are investigating if the fire was started by arson or the short circuit of an electrical appliance.
Ukraine’s President Volodymyr Zelensky visited the centre in Kharkiv and has announced a national day of mourning for Saturday.
In an earlier tweet, the President called on local authorities to do “everything possible” to help victims and relatives who had lost loved ones.
Europe’s space leaders seek to boost sector in light of Brexit, COVID and international competition
The European Space Conference in Brussels takes place this week, so Euronews spoke to European Space Agency Director General Jan Wörner about the challenges the sector faces in 2021.
Brexit troubles Europe’s space sector
Brexit is a headache for the European space sector, as the UK is a permanent and committed member of ESA, but is now outside the EU. Leaving the EU has made everything more complicated: under the terms of the agreement signed in December 2020 the UK can continue to be part of the Copernicus Earth observation programme at least until 2028, as both the EU and ESA contribute funding to it. However, it loses access to high-quality positioning from the EU’s Galileo satellites, and is now out of EGNOS. The British stop being a full member of the European space debris tracking system, but still have access to it as a non-EU partner.
There are outstanding questions over the role of British companies in building spacecraft for EU-related projects. ESA DG Jan Wörner told Euronews he believes ‘it is possible to have a solution’, given that non-EU countries like Switzerland and Norway are able to take part in the construction of satellites under Brussels contracts. However, the sheer size of the UK space sector is an issue. “Some fear in Brussels that if a big member state is doing something different, then this could be a magnet for other countries to do the same,” admits Wörner.
EU project to beam internet to all
A hot topic around the virtual and real water coolers at the Brussels Space Conference will be the Commission’s new plans to create a network of low-Earth orbiting internet satellites, which should offer broadband, 5G and more to rural communities across the bloc.
The initiative is being spearheaded by Commissioner for Internal Market, Thierry Breton, with a broad consortium of space industry players comprising Airbus, SES, Arianespace, Eutelsat, OHB, Orange, Telespazio and Thales Alenia Space.
The vision is similar to the Starlink and OneWeb systems, both of which have already launched satellites aimed at offering a new kind of holy grail in communications, a low-flying communications network from orbit which allows everyone, at least in theory, to enjoy high-speed connectivity.
The European version would be a public-private partnership, and initial work will begin this year.
Defining ESA-EU relations
The EU’s enthusiasm for space is clear: just before Christmas the European Commission and Parliament approved a 14.8 billion euro budget for EU space activity. The funding for the period 2021 to 2027 includes 9 billion for Galileo and 5.4 billion for Copernicus.
It’s part of a continued and rising commitment to developing Europe’s space sector, but it does beg the question of just how close ESA and the EC would like to become? For Wörner, moving further in the EU’s direction is a ‘political decision’ but not one that necessarily fits with ESA’s principals on return on investment, which see agency member states receiving reciprocal industrial contracts which are very close in size to their level of investment in a given programme. “The link between what ESA is doing and what states want to happen is very close, and a really big advantage,” he says.
The current director of Earth Observation at ESA, Josef Aschbacher, has said that defining the relationship between the two organisations is one of his main objectives when he replaces Wörner in July 2021.
Competition from US and China
A key focus of the Brussels Space Conference is the desire for Europe to develop a vibrant and independent private space sector. So far, major initiatives like Galileo and Copernicus have spawned a large number of small and specialist space startups selling value-added services based on the free data from these two projects. However, the old continent has so far struggled to create the kind of attention-grabbing commercial space firms like SpaceX and Planet Labs that NASA has helped foster in the US.
Then, there’s the speedy growth and unbridled ambition of the Chinese to take into account. When Jan Wörner first came to his job in 2015 he made a media splash with his dreams of creating a ‘village on the Moon’. In late 2020, however, he could only watch in awe as the Chinese sent a robotic mission to fetch samples from the Moon. It’s something only the Soviet Union and the United States have achieved before.
“My first thought was congratulations, of course,” he says, “but I quickly thought ‘ah, they are fast, and we should be faster'”. He told Euronews he hopes the joint ESA-NASA Mars Sample Return mission will be even more inspiring and impressive and give Europe’s exploration programme a much-needed boost in publicity.
There are areas where ESA is a leader, particularly in Earth observation thanks to the Sentinel fleet. Catching space debris and working out how to deflect an asteroid on a collision course with Earth are another two of the growth areas for public and private initiatives in Europe. ESA is also pushing ahead with its Space Rider vehicle, an un-crewed flying machine which resembles a mini-Shuttle, and could offer commercial and institutional clients a relatively low-cost means of reaching orbit, and returning home afterwards.
However, the new Ariane 6 rocket continues to face delays. Much vaunted as a flexible new vehicle to compete in this highly-competitive market, the replacement for the heavy-lift Ariane 5 is now only due to launch in the second quarter of 2022. Arianespace has called on European governments to step up their commitment to launchers to better compete with SpaceX, which has grown rapidly on the basis of lucrative American government launch contracts.
Queen Elizabeth and Duke of Edinburgh receive Covid-19 vaccine
Queen Elizabeth II and the Duke of Edinburgh have received their Covid-19 vaccinations, a Buckingham Palace spokesperson said Saturday.
Tech7 months ago
Search engine startup asks users to be the customer, not the product
Europe1 month ago
Covid: Flights shut down as EU discusses UK virus threat
Health1 month ago
Spain ‘to register’ those who refuse to have Covid-19 vaccine
Sports4 years ago
Boxing continues to knock itself out with bewildering, incorrect decisions
Sports4 years ago
Phillies’ Aaron Altherr makes mind-boggling barehanded play
Europe2 months ago
45 arrested across Europe and Brazil as authorities seize ‘record haul’ of cocaine
latest news8 months ago
Creepy technologies invade European post-pandemic workplaces
latest news5 months ago
Lessons for Africa from devastating Mauritius oil spill