Report urges spending on resilience to fight climate risks
A report issued today by the Canadian Institute for Climate Choices warns that the costs of climate change for Canada are mounting and recommends substantial increases in adaptation investment and enhanced climate risk disclosure to build resilience and limit damages. The institute’s analysis of historical trends found that weather-related disasters like floods, storms and wildfires are getting more frequent, more extreme and more expensive. Since 2010, the costs of weather-related disasters and catastrophic events have amounted to about five to six per cent of Canada’s annual GDP growth, up from an average of one per cent in previous decades.
Minto enters Vancouver housing market
Ottawa-based Minto Apartment Real Estate Investment Trust announced its first project in the Vancouver market Tuesday, signing an agreement to provide $11.9 million in financing to a 50-50 joint venture between Minto Properties Inc. and a subsidiary of Darwin Properties Ltd. to develop Phase I of Lonsdale Square, a large master-planned community on a pre-paid 99-year land lease with the City of North Vancouver. The building will comprise 113 rental suites over six storeys, ranging in size from 495-square-foot junior one-bedroom suites to 1,054-square-foot three-bedroom suites, plus approximately 7,800 square feet of retail at-grade. It will front on East 21st Street.
Minnesota health professionals petition state government to issue stay on Line 3
Minnesota-based group Health Professionals for a Healthy Climate are asking the Minnesota government to put a stay on construction of Enbridge’s Line 3 project, citing a surge in current COVID-19 cases. Enbridge will mobilize 800 workers to work on the project in Aitkin County and those workers will find local housing on their own during the winter of 2020-2021. The group said in a post on its Facebook page that an outbreak in a small county with limited health resources would have a substantial impact on the community. Health Professionals for a Healthy Climate describes itself as “Minnesota physicians, nurses and allied health care providers committed to bringing the voice of health care to the public debate on clean energy, fossil fuel related pollution and our changing climate.”
Stantec acquires AGEL adviseurs
Stantec has acquired Netherlands-based AGEL adviseurs, an engineering firm specializing in environmental services, spatial development, infrastructure and GIS services. AGEL was founded in 1986 and consults with local municipalities and land developers, with advisory services focused on supporting the circular economy, climate adaptation, area development and energy transition. AGEL’s expertise includes master planning, landscape design, roadway engineering, sustainable building design, environmental studies and GIS analysis.