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This month, city council's urban planning committee will see a report detailing the options for an incentive program that would help developers convert underused office space into residential units.
Recent business news in your region about money, real estate, financial markets, etc. Find about latest changes and happenings in the business market.
Recent business news in your region about money, real estate, financial markets, etc. Find about latest changes and happenings in the business market.
Article content Enbridge Inc.’s push into new frontiers of the energy transition such as carbon capture and clean hydrogen production could use Canadian tax credits similar to those in the U.S., the company’s CEO said. North America’s biggest oil pipeline company, which for years has invested in wind and solar power projects, is also looking at gaining scale and becoming competitive in technologies such as hydrogen production using renewable electricity. To get there, it’s seeking incentives in Canada like the US$35 to US$50 per metric ton of credits for CO2 sequestration and storage ...
Enbridge raises Line 3 replacement cost estimate by C$1 billion © Reuters/Dan Riedlhuber File of the Enbridge Tower on Jasper Avenue in Edmonton (Reuters) - Enbridge Inc on Friday forecast higher costs for its Line 3 replacement project citing regulatory and permitting delays, winter construction and COVID-19 protocols, among other reasons. The pipeline operator said it estimates capital costs for the Line 3 replacement project, including the Canadian segment already in service, to be C$9.3 billion ($7.30 billion) from C$8.2 billion. The Line 3 replacement project is in the process of do...