Northwest Territories Premier urges investment in Arctic ports as sea ice recedes

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 92%

Business News News

Business Business Latest News,Business Business Headlines

Bob McLeod said he wants to see at least three ports in his territory support increased shipping traffic in the North, along with more icebreakers

Northwest Territories Premier Bob McLeod, centre, said he wants to see at least three ports in his territory support increased shipping traffic in the North, along with more icebreakers.Climate change has hurt the northern economy in ways few southern Canadians can appreciate, says Northwest Territories Premier Bob McLeod, but he also wants to make sure his territory benefits from increased shipping traffic as Arctic sea ice recedes.

At the same time, McLeod said he sees opportunities in another effect of climate change – the Beaufort Sea staying clear of ice for longer each year.McLeod said he wants to see at least three ports in his territory support increased shipping traffic in the North, along with more icebreakers.He has been urging Ottawa to take a stronger stand on asserting Arctic sovereignty, as China, Russia and other international players look to stake their claims to northern shipping routes.

He also wants other regions shoulder their fair share of greenhouse gas emissions reductions. For the meagre amount the Northwest Territories emits, it suffers a disproportionate amount from climate change, he said. The Northwest Territories has a carbon pricing regime coming in Sept. 1 that takes into account the high cost of heating and aviation fuel.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This makes sense, probably also why it won't happen.

Great news! Hopefully, the feds will make significant investments. With climate change, I see the North as a future hi-tech agricultural hub (in addition to mining): growing vegetables in massive greenhouses, manufacturing plant-based meat substitutes & exporting that worldwide.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canada to connect remote areas through investment in satellite technologyThe Liberal government's spring budget said low-Earth-orbit satellite capacity would be part of its $1.7-billion vow to help rural and remote areas. Gotta love election season It is getting totally embarrassing to see how the Liberals are throwing money (we don’t have) to influence the upcoming election, they really are treating Canadians as stupid, everyone should be totally insulted
Source: GlobalNational - 🏆 81. / 51 Read more »

Couche-Tard makes strategic cannabis move with investment in Fire & FlowerThe deal gives the convenience store operator rights to 9.9 per cent of Fire & Flower’s equity, with the potential to increase its stake to 50.1 per cent in return for a total of about $380-million in growth capital globeinvestor Smart. They've already got the munchies covered.
Source: globeandmail - 🏆 5. / 92 Read more »

Couche-Tard makes strategic cannabis move with investment in Fire & FlowerAlimentation Couche-Tard Inc. has agreed to make a strategic investment in Fire & Flower Holdings Corp. of Edmonton, which will use the funds to develop its Hifyre digital retail platform and expand its network of cannabis retail stores.
Source: CP24 - 🏆 30. / 67 Read more »

Couche-Tard makes strategic investment in cannabis retailer Fire & FlowerFire & Flower operates or licenses 23 cannabis retail stores in Alberta, Saskatchewan and Ontario
Source: nationalpost - 🏆 10. / 80 Read more »