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CBC
43 minutes ago
- CBC
9 First Nations ask for injunction against Bill 5, say law represents 'clear and present danger'
Nine First Nations in Ontario are asking a court for an injunction that would prevent the federal and provincial governments from moving forward with some of the most contentious aspects of recent laws meant to fast-track infrastructure projects. The Indigenous communities say in the legal challenge filed in the Ontario Superior Court of Justice that the federal law known as Bill C-5 and the Ontario law known as Bill 5 both represent a "clear and present danger" to the First Nations' self-determination rights to ways of life on their territories. Bill C-5 allows cabinet to quickly grant federal approvals for big projects deemed to be in the national interest such as mines, ports and pipelines by sidestepping existing laws, while Ontario's bill allows its cabinet to suspend provincial and municipal laws through the creation of so-called "special economic zones." The First Nations are asking the court for an injunction prohibiting the federal government from naming national interest projects and prohibition Ontario from implementing special economic zones. They say the laws are unconstitutional because they violate the Charter's right to life, liberty and security of the person, as well as equality rights. Both the federal and Ontario governments have said their laws are tools to counteract the effects of U.S. President Donald Trump's tariffs by allowing Canadian development, such as natural resource development, to proceed more quickly. WATCH | Ontario passes controversial mining law: Ontario passes Bill 5 despite opposition from First Nations, environmental groups 1 month ago Doug Ford's government has passed the controversial Bill 5 that aims to speed up mining projects and other developments in areas deemed to have economic importance. As CBC's Lorenda Reddekopp reports, the move has sparked outrage among First Nations and environmental groups. In a press release announcing the court challenge, First Nations chiefs said they are not against all development, but it must respect their rights and involve proper Indigenous consultation. "This is not about a battle between development and not," Chief Todd Cornelius from Oneida Nation of the Thames wrote in the statement. "It is about doing things recklessly [versus] doing things right." Chief Sylvia Koostachin-Metatawabin of Attawapiskat First Nation said that their way of life is not "a pawn in some political game." "Rushing headlong into major projects without knowing the costs, means the governments are playing a dangerous game with our lands and futures," she wrote.
Globe and Mail
an hour ago
- Globe and Mail
The Frontier Group of Companies to Transform Bruce Mansfield Power Plant into State-of-the-Art Natural Gas Power Plant, Supporting America's Energy Goals and Pennsylvania's Economic Growth
The Frontier Group of Companies ('FGC'), owner and developer of the 660-acre Shippingport Industrial Park in Pennsylvania, today announced that it is converting the former 2.7 gigawatt Bruce Mansfield Power Plant into Shippingport Power Station, a significantly larger state-of-the art natural gas generation plant with new incremental onsite generation. Additionally, FGC has secured a partner to build a collocated data center facility to support America's demand for AI infrastructure. Following its completion, Shippingport Power Station is expected to supply substantial direct power to the prospective data center or other potential on-site uses and contribute over one gigawatt of excess capacity back to PJM Interconnection, the largest power grid operator in the United States, boosting both regional and national power supply. The redevelopment project is expected to benefit Pennsylvania with more than $6 billion of new economic activity, encompassing direct spending, indirect spending and induced economic output, as well as create more than 15,000 construction jobs and 340 new full-time jobs in the region. It will also deliver approximately $139 million in annual recurring revenue for the state, including more than $13 million in tax revenue, $36 million in labor income and $6 million in local county tax revenue. David Franjoine, CEO and Founder of FGC, said, 'The Bruce Mansfield Power Plant dutifully served Pennsylvania for 43 years. With the support of Governor Josh Shapiro and Senator Dave McCormick, we will transform this decommissioned coal facility into a modernized power facility that supports America's goal of energy dominance and reinvigorates local communities with high-quality employment opportunities. I look forward to working closely with Senator McCormick and Governor Shapiro to bring this important initiative to fruition.' Shippingport Power Station is expected to utilize approximately 800 million cubic feet per day of natural gas produced by the Marcellus and Utica shales, located in Western Pennsylvania. As part of the redevelopment project, EQT Corporation (NYSE: EQT) ('EQT'), the largest integrated natural gas producer in the U.S., intends to serve as the new plant's natural gas supplier. Toby Z. Rice, President and Chief Executive Officer of EQT, said, 'As a Pennsylvania company, we are especially proud to be a part of this important project, which highlights the critical role of domestic energy in powering economic growth. We look forward to supporting Shippingport Power Station with reliable, affordable natural gas for the benefit of our state and for all Americans.' In addition, National Fuel Gas Supply Corporation, a subsidiary of National Fuel Gas Company (NYSE: NFG) with nearly 125 years of natural gas industry experience, will serve as the transporter for a significant portion of the natural gas supplies to the Shippingport Power Station. David P. Bauer, President and Chief Executive Officer of National Fuel Gas Company, said, 'We look forward to supporting this significant investment in Western Pennsylvania, leveraging our interstate pipeline network to provide reliable deliveries of Appalachian Basin natural gas directly to the facility, with new transportation capacity expected to come online as early as Fall 2026.' About The Frontier Group of Companies The Frontier Group of Companies (FGC), based in Buffalo, New York and founded in 2001, specializes in site acquisition, environmental remediation, asset repurposing, energy generation and industrial development of legacy brownfield sites. As a liability transfer company, FGC assumes all environmental liability, identifies the hazardous substances, self-performs remediation and cleanup, razes unusable improvements and engineers and plans the future use of its sites. The facilities that FGC acquires include former coal fired power plants, steel mills, paper mills, coal mines and chemical plants, among a variety of primarily industrial facilities throughout North America. Frontier is a privately held company with a proven and client-endorsed track record, and an extensive list of successful projects completed in over 30 states and seven countries. Additional information about FGC's Shippingport Project, visit: About EQT Corporation EQT Corporation is a premier, vertically integrated American natural gas company with production and midstream operations focused in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors and communities and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day — trust, teamwork, heart and evolution are at the center of all we do. About National Fuel Gas Company National Fuel is a diversified energy company headquartered in Western New York that operates an integrated collection of natural gas assets across four business segments: Exploration and Production, Pipeline and Storage, Gathering and Utility. Additional information about National Fuel is available at
Globe and Mail
2 hours ago
- Globe and Mail
The tariff-driven inflation that economists feared begins to emerge
WASHINGTON (AP) — Inflation rose last month to its highest level since February as President Donald Trump's sweeping tariffs push up the cost of a range of goods, including furniture, clothing, and large appliances. Consumer prices rose 2.7% in June from a year earlier, the Labor Department said Tuesday, up from an annual increase of 2.4% in May. On a monthly basis, prices climbed 0.3% from May to June, after rising just 0.1% the previous month. Worsening inflation poses a political challenge for Trump, who promised during last year's presidential campaign to immediately lower costs only to engage in a whipsawed frenzy of tariffs that have left businesses and consumers worried. Trump has already declared that the U.S. effectively has no more inflation as he has attempted to pressure Federal Reserve Chair Jerome Powell into cutting short-term interest rates. Yet the bump in inflation last month makes it more likely that the central bank will keep rates unchanged at the central bank's next meeting in two weeks. Powell has said that he wants to see how the economy reacts to Trump's duties before reducing borrowing costs. Excluding the volatile food and energy categories, core inflation increased 2.9% in June from a year earlier, up from 2.8% in May. On a monthly basis, it picked up 0.2% from May to June. Economists closely watch core prices because they typically provide a better sense of where inflation is headed. The uptick in inflation was driven by a range of higher prices. The cost of gasoline rose 1% just from May to June, while grocery prices increased 0.3%. Appliance prices jumped for the third straight month. Toys, clothes, audio equipment, shoes, and sporting goods all got more expensive, and are all heavily imported. 'You are starting to see scattered bits of the tariff inflation regime filter in,' said Eric Winograd, chief economist at asset management firm AllianceBernstein, who added that the cost of long-lasting goods rose last month, compared with a year ago, for the first time in about three years. Winograd also noted that housing costs, one of the biggest drivers of inflation since the pandemic, has continued to cool, which is holding down broader inflation. The cost of rent rose 3.8% in June compared with a year ago, the smallest yearly increase since late 2021. 'Were it not for the tariff uncertainty, the Fed would already be cutting rates,' Winograd said. 'The question is whether there is more to come, and the Fed clearly thinks there is,' along with most economists. Stock prices were mixed early, with the S&P 500 and Nasdaq indexes rising and the Dow Jones falling 154 points. Some investors were cheered by the fact that core prices rose less than forecast. Some items got cheaper last month, including new and used cars, hotel rooms, and air fares. Travel prices have generally declined in recent months as fewer international tourists visit the U.S. The report set up a broader political battle over Trump's tariffs, a fight that will ultimately be determined by how the U.S. public feels about their cost of living and whether the president is making good on his 2024 promise that his agenda would help the middle class. The White House pushed back on claims that the report showed a negative impact from tariffs, since the cost of new cars were down despite the 25% tariffs on autos and 50% tariffs on steel and aluminum. The administration also noted that despite the June bump in apparel prices, clothing prices are still cheaper than they were three months ago. 'Consumer Prices LOW,' Trump posted on Truth Social. 'Bring down the Fed Rate, NOW!!!' For Democratic lawmakers, the inflation report confirmed their warnings over the past several months that Trump's tariffs would push up inflation. Their argument on Tuesday was that the situation will likely get even more painful given the size of the tariff rates in the letters that Trump posted over the past week. 'For those saying we have not seen the impact of Trump's tariff wars, look at today's data. Americans continue to struggle with the costs of groceries and rent — and now prices of food and appliances are rising,' said Sen. Elizabeth Warren, D-Mass. "Families were already getting crushed, and the president's making it worse.' Trump has imposed sweeping duties of 10% on all imports plus 30% on goods from China. Just last week the president threatened to hit the European Union with a new 30% tariff starting Aug. 1. He has also threatened to slap 50% duties on Brazil, which would push up the cost of orange juice and coffee. Orange prices leaped 3.5% just from May to June, and are 3.4% higher than a year ago, the government said Tuesday. Overall, grocery prices rose 0.3% last month and are up 2.4% from a year earlier. While that is a much smaller annual increase than before the pandemic, it is slightly bigger than the pre-pandemic pace of food price increases. The Trump administration has also placed a 17% duty on Mexican tomatoes. The acceleration in inflation could provide a respite of sorts for Fed Chair Powell, who has come under increasingly heavy fire from the White House for not cutting the benchmark interest rate. The Fed chair has said that the duties could both push up prices and slow the economy, a tricky combination for the central bank since higher costs would typically lead the Fed to hike rates while a weaker economy often spurs it to reduce them. Trump on Monday said that Powell has been 'terrible' and 'doesn't know what the hell he's doing.' The president added that the economy was doing well despite Powell's refusal to reduce rates, but it would be 'nice' if there were rate cuts 'because people would be able to buy housing a lot easier.' Last week, White House officials also attacked Powell for cost overruns on the years-long renovation of two Fed buildings, which are now slated to cost $2.5 billion, roughly one-third more than originally budgeted. While Trump legally can't fire Powell just because he disagrees with his interest rate decisions, the Supreme Court has signaled, he may be able to do so 'for cause,' such as misconduct or mismanagement. Some companies have said they have or plan to raise prices as a result of the tariffs, including Walmart, the world's largest retailer. Automaker Mitsubishi said last month that it was lifting prices by an average of 2.1% in response to the duties, and Nike has said it would implement 'surgical' price hikes to offset tariff costs. But many companies have been able to postpone or avoid price increases, after building up their stockpiles of goods this spring to get ahead of the duties. Other firms may have refrained from lifting prices while they wait to see whether the U.S. is able to reach trade deals with other countries that lower the duties.
