Natural resources minister comments on the Trans Mountain Expansion Project rulingCanada’s natural resources minister Seamus O’Regan said: “From the beginning, the government of Canada worked with communities to shape the consultation process.“Ministers engaged directly, project conditions were amended and accommodations were co-developed to respond to concerns raised.“The result was the most comprehensive consultation ever undertaken for a major project in Canada’s history.“The government approved the Trans Mountain Expansion Project because it is in the public interest.” The Federal Court of Appeal said the Canadian government had engaged in adequate and meaningful consultation on the Trans Mountain Expansion Project with indigenous groups One of the pipes to be used for the Trans Mountain expansion project (Credit: Trans Mountain) Canada’s Federal Court of Appeal has dismissed legal challenges made by indigenous groups against the government’s approval of the Trans Mountain Expansion Project.The court dismissed four challenges put up by Coldwater Indian Band, Squamish Nation, Tsleil-Waututh Nation, and others, which alleged the Canadian federal government did not fulfill its duty of consulting with them ahead of the project’s approval.The court said it had focused on the reasonableness of the government’s decision to approve the pipeline expansion project a second time – finding that adequate and meaningful consultation with indigenous groups had been made, thereby correcting its earlier flaws in consultation.According to the court, the decision to approve the Trans Mountain Expansion Project was not a ratification of its earlier consent, but one that has been made with amended conditions after taking into account the renewed consultation.It ruled there was no legal basis for overturning the decision, adding that litigants can now appeal to the Supreme Court of Canada against its decision within 60 days. Trans Mountain expansion project detailsThe pipeline expansion project involves the twinning of the 1,150km-long existing Trans Mountain Pipeline between the Canadian provinces Alberta and British Columbia.The CAD7.4bn ($5.67bn) project is owned by the Canadian government and has been facing resistance from various indigenous groups and other parties over alleged environmental concerns.The Trans Mountain Expansion Project has been designed to almost triple the capacity of the existing pipeline from 300,000 barrel of oil per day (bpd) to 890,000 bpd.Last month, the Supreme Court of Canada dismissed an appeal from the provincial government of British Columbia against a judgement made by the British Columbia Court of Appeal in favour of the pipeline expansion project.
By Daniel HaynesAFTER much fundraising and praying, Guyanese boxer Clive ‘The Punisher’ Atwell successfully completed his second brain surgery at the Kingsbrook Jewish Medical Center in New York early yesterday morning. The boxer had his first surgery last October after fainting in the ninth round of his title fight against T&T-based Dexter Gonzales at the Giftland Mall. He was rushed to hospital and doctors found that he had subdural hematomas haemorrhaging. The findings meant he had bleeding in his head that had resulted from a serious head injury.His situation was a dire one, since, after travelling to Trinidad, he was told he needed a second surgery, which would cost him G$5M. This prompted the fundraising process for the 27-year-old.A committee was formed to raise the funds for the boxer, who needed the second surgery within six months. His fundraising had taken him out of Guyana to the United States and with help he was able to raise the funds he needed.Lady Ira Lewis from Guyana American Heritage Foundation was the lead in getting the aid for Atwell while he was in New York.According to Ira, “The doctors said that he should be out of the hospital by Saturday.”When asked about completing his recovery process Ira stated, “It can’t be said for sure when the recovery will be completed; he was supposed to have this surgery months ago and so there could be some complications.”After his surgery the boxer was up and was giving thanks to God as well as those who had helped.“God is faithful and God is good, and I thank you all for your prayers and for your support,” Atwell stated. “I encourage you to lend a helping hand to whoever whenever it is required knowing that God is the author and finisher of all things,” he concluded.Atwell is expected to be out of the hospital by tomorrow if there are no complications.
Tabcorp double burdened by covid and group impairment charges August 19, 2020 Related Articles StumbleUpon Share Share Submit FSB selects Glenn Elliott as new COO August 12, 2020 Flutter moves to refine merger benefits against 2020 trading realities August 27, 2020 Publishing its Q1 trading update (period ending 31 March), FTSE100 betting group Paddy Power Betfair (PPB) has reported a tough opening for 2018, as the firm’s corporate performance was impacted by several factors.Updating the market, PPB reports a 2% decline in group revenues to £408 million (Q1 2017: £416 million).The betting group detailed that its punters had been discouraged by a ‘series of sustained bookmaker friendly sports results recorded from November to February’.Furthermore, PPB’s racing markets had suffered from a number of event cancellations due to Q1 2018’s extreme UK weather conditions.Abroad, PPB details that the solid underlying growth of its Australia division has been offset by adverse sporting results, combined with a tougher regulatory environment in which the division operates.These adverse factors would see PPB report an 8% decline in underlying EBITDA to £102 million (Q1 2017: £111 million).Closing Q1 2018 trading, PPB governance would declare group underlying profits of £80 million, down 12% on corresponding Q1 2017’s £91 million.At present, PPB governance expects its full-year 2018 underlying group EBITDA to be between £470-495 million range, in-line with its 2017 performance. Corporate governance details that it will move to increase investment within its Australian division, whilst also exploring US market opportunities, should regulatory conditions change.Closing its trading update, PPB would confirm a £500 million cash return to its investors, as part of the betting group adopting a ‘more efficient capital structure’.Presenting his first trading update, as Paddy Power Betfair Group CEO, Peter Jackson commented on corporate performance:“We have made good progress against our strategic priorities. In Europe, the successful completion of our platform integration has resulted in a meaningful improvement to the Paddy Power product. This has seen the brand’s gaming revenue returning to growth from February and a significant uplift in Cash Out usage and in-running betting during the Cheltenham Festival.In Australia, Sportsbet continues to perform well and is targeting further market share growth, with additional investment planned to take advantage of any disruption arising from market consolidation and the introduction of increased taxes.In the USA, TVG and Betfaircasino.com have good momentum and we are continuing to make preparations for any positive regulatory changes. Notwithstanding lower profits in the first quarter, we expect full year underlying EBITDA of between £470m and £495m.We are today announcing that we intend to return £500m of cash to shareholders, representing a step towards a more efficient capital structure, whilst retaining substantial strategic flexibility.”