Latest news with #RAB
Cision Canada
22-07-2025
- Business
- Cision Canada
La Caisse commits to invest in Sizewell C, a critical asset for economic growth and energy security in the UK Français
MONTRÉAL and LONDON, July 22, 2025 /CNW/ - Quebec based global investment group, La Caisse (formerly CDPQ), today announces its commitment to invest up to £1.7 billion (CAD 3.2 billion) in Sizewell C, a 3.2GW nuclear power station located in the East of England. The investment, which represents a 20% stake in the project, will leverage La Caisse's proven track record in delivering large scale infrastructure projects globally and support the UK's transition to clean power and progress to net zero. Once complete, Sizewell C will provide over 60 years of clean, reliable power to the UK grid, helping to boost the UK's economy, strengthen energy security and help reduce reliance on hydrocarbon sources, avoiding 9 million tonnes of carbon emissions annually. The investment will be made alongside the UK Government, experienced operator EDF, British multinational energy and services company Centrica and investment partner Amber Infrastructure. The project is structured under the UK Government's Regulated Asset Base (RAB) model which helps fund large-scale projects by offering predictability to investors while ensuring value for consumers over the long term. "Our commitment to invest in Sizewell C reflects La Caisse's constructive capital approach, working to deliver optimal financial performance for our clients alongside broader economic and societal progress. La Caisse has a strong track record of bringing private sector expertise alongside governments and industrial players to invest in complex, regulated infrastructure where value-for-money for consumers is key. Sizewell C is a positive development for UK consumers, as it is expected to provide long-term reliable baseload power and low carbon energy to more than 6 million homes across the UK, while contributing to the creation of 10,000 new jobs at peak construction and thousands more in the nationwide supply chain. We're proud to support the UK Government in delivering this landmark project, advancing the country's energy security and economic growth ambitions. Our investment demonstrates our confidence in the UK market – our largest destination outside North America – and aligns with our commitment to the energy transition and decarbonization, enabled by our long-term capital and active ownership," said Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure at La Caisse. "It is time to do big things and build big projects in this country again – and today we announce an investment that will provide clean, homegrown power to millions of homes for generations to come. This government is making the investment needed to deliver a new golden age of nuclear, so we can end delays and free us from the ravages of the global fossil fuel markets to bring bills down for good," said Secretary of State for Energy Security and Net Zero, Ed Miliband. "We're delighted to welcome La Caisse's investment in Sizewell C. Their decision to take a 20% stake in the project reflects growing international backing for UK nuclear and confidence in Sizewell C. As one of the world's leading institutional investors, La Caisse brings significant experience in sustainable infrastructure and in delivering projects that drive economic growth and long-term value creation. Their involvement reinforces our strong financial base and supports our mission to create tens of thousands of high-quality jobs and 1500 apprenticeships across the country. Sizewell C will boost energy security, cut carbon, and drive regional and national growth for decades to come, and we're proud to have La Caisse on board as part of that journey," said Julia Pyke and Nigel Cann, Joint Managing Directors of Sizewell C. La Caisse is the world's second largest institutional infrastructure investor, currently manages over £20 billion in UK investments and has significant experience in delivering projects that drive economic growth and positive change. La Caisse intends to invest around £8 billion in the UK over the next five years, increasing its asset allocation to the British market by nearly 50 percent. La Caisse has acted as a partner of trust and choice to the UK Government and its business partners for many years and has brought benefits to millions of UK consumers through investments in Eurostar, Heathrow Airport, First Hydro Company and London Array, an offshore wind farm generating 630MW of electricity, enough to power 500,000 UK homes. La Caisse is also deeply committed to sustainable investing and investments supporting climate action. The firm has recently committed to have nearly £220 billion (CAD 400 billion) invested globally by the end of the decade in companies committed to decarbonising their operations as well as in climate solutions. These investments align with La Caisse's commitment to its clients: delivering long-term value while managing risk responsibly. ABOUT LA CAISSE At La Caisse, formerly CDPQ, we have invested for 60 years with a dual mandate: generate optimal long-term returns for our 48 depositors, who represent over 6 million Quebecers, and contribute to Québec's economic development. As a global investment group, we are active in the major financial markets, private equity, infrastructure, real estate and private credit. As at December 31, 2024, La Caisse's net assets totalled CAD 473 billion. For more information, visit or consult our LinkedIn or Instagram pages. For more information
Hans India
18-06-2025
- Politics
- Hans India
Awami League leaders placed under police remand in Bangladesh
Dhaka: In the continuing crackdown on Awami League, several leaders of the party were on Wednesday placed under police remand for interrogation by the Muhammad Yunus-led interim government in Bangladesh. A Bangladesh court on Wednesday ordered an 18-day remand for Zafar Alam, former Member of Parliament and Awami League President of Chakaria Upazila, in connection with seven separate cases. The order was issued by Chakaria Senior Judicial Magistrate Anwarul Kabir following petitions filed by investigation officers, local media reported. Following the order, a number of Awami League leaders and activists took out a protest march in the Moghbazar area of Chakaria Municipality, alleging that Alam was harassed and arrested on false charges. "Zafar Alam was taken to Chakaria Court for remand hearing amidst tight security arrangements. The army, RAB and police have set up a tight security perimeter at various levels around the court. Due to the rain in the morning and the strict action taken by the law enforcement agencies, no chaotic situation was created," Bangladeshi daily Prothom Alo quoted Chakaria Senior Judicial Magistrate Court Police Inspector Anwar Hossain as saying. In a separate development, a Dhaka court on Wednesday ordered a five-day remand for former Law Minister Anisul Haque. It also ordered a three-day remand for former Public Works Minister Engineer Mosharraf Hossain in connection with separate cases. Haque was arrested on August 11, 2024 after the fall of the former Awami League government in a violent uprising. Later, Mosharraf Hossain and Turin Afroz, the former prosecutor of the International Crimes Tribunal, were also arrested. In addition, the Bangladesh People's Party (BPP) Chairman, Babul Sardar Chakhari, was remanded for three days of police interrogation. The former Law Minister was put on remand following a police application in connection with a murder case filed at Shahbagh Police Station. According to media reports, the police produced Mosharraf Hossain and Babul Sardar Chakhari in court seeking a seven-day remand for questioning in an attempt to murder case filed at Paltan Police Station. Later, the court granted a three-day remand for interrogation. The Muhammad Yunus-led administration has issued several arrest warrants against former Prime Minister Sheikh Hasina, her family members, and Awami League supporters. Analysts reckon the developments as a major political vendetta being pursued by the interim government led by Yunus as several cases were filed against the former PM and her supporters on frivolous grounds, immediately after her ouster in August 2024. The unceremonious exit of Hasina last August was globally seen as a major setback to the democratic set-up in the country. The interim government has also received massive criticism for providing shelter to radical and extremist Islamic outfits.
Yahoo
13-06-2025
- Health
- Yahoo
Funding uncertainty could delay contamination prevention tech in homes near Area B
Federal funding uncertainties could delay the U.S. Army's plans to install technology in planned homes next to Fort Detrick's Area B to prevent health risks from contaminated groundwater. During a meeting Wednesday for Area B's Restoration Advisory Board (RAB), which is overseeing the land's remediation, Army officials said that moving the project forward depends on receiving enough money from the federal government. Area B, a 399-acre parcel of land between Kemp Lane and Shookstown Road, separate from the main Fort Detrick campus, was used as a test site for the Army's biological warfare program in the mid-20th century. After the program was ended in 1969, scientists disposed of hazardous waste in unlined trenches and pits within Area B, leading to groundwater contamination. Army scientists have spent decades studying the contamination and the extent to which it has spread. In 2009, the U.S. Environmental Protection Agency designated the groundwater at Area B as a National Priorities List Superfund site. A Superfund site is a location that has been contaminated with hazardous waste that poses risks to the environment and human health. The EPA designates Superfund sites and places them on the National Priorities List. Contaminated groundwater from Area B has made its way to the land next to the parcel, which is where the company Rocky Gorge Development is building a residential community called Gambrill Glenn. Gambrill Glenn will have about 300 residential units. The Army has detected levels of trichloroethylene and tetrachloroethylene in the Gambrill Glenn area. Trichloroethylene is a known carcinogen, meaning it can cause cancer. Tetrachloroethylene is likely to be a carcinogen. More than 50 Gambrill Glenn homes are at some risk for vapor intrusion, according to a map showing where the highest contamination levels on the residential development were detected. Vapor intrusion is the process by which vapors from volatile chemicals migrate from contaminated groundwater through soil and into the basements and foundations of buildings. The vapors can pose health risks to people who inhale them and degrade indoor air quality. The health risks can vary depending on the types of chemicals in the vapors, levels of chemicals found, the length of exposure and the health of the exposed individuals. Symptoms can include eye irritation, nausea, headaches and respiratory irritation, according to the EPA. Low-level exposure to chemicals over several years can increase the lifetime risk of chronic disease or cancer. The Army plans to install protective technology against vapor intrusion in the homes that could be impacted. Cost analysis During the RAB meeting on Wednesday, Joseph Gortva, chief of Fort Detrick's environmental division, said none of the homes that need the protective technology are being built yet. The U.S. Army Corps of Engineers has prepared an engineering evaluation and cost analysis for various vapor intrusion protection systems. The analysis was presented to Fort Detrick's RAB in December. Based on the engineering evaluation and cost analysis, the Army plans to install a vapor barrier and a sub-slab depressurization system under the townhouses' foundations. A sub-slab depressurization system uses a powered fan to create a vacuum under a slab foundation, venting vapors from the slab out through the roof, according to the presentation. The vapor barrier would be installed as an extra layer of protection to keep groundwater vapors out of the homes. The Army has to host a public meeting on this analysis and plans to hold it in 2025. After this meeting, the Army can sign an action memorandum and legally be allowed to start installing the protective technology. The analysis has been reviewed by the Maryland Department of the Environment and the EPA and has been revised based on their comments. Additionally, the Army is in ongoing discussions with the Gambrill Glenn developers about preparing to install the technology. Moving the project forward depends on the completion of those discussions, any environmental covenants, public notice and the availability of funding, according to Eric Kauffman, a contracted consultant supporting Fort Detrick. He said the funding profile for the Army is 'grim,' and this project may have to be carried out in the coming federal fiscal year. 'We really don't have an update on that, other than it's a hurry-up-and-wait situation,' he said. 'A budget nightmare' Gortva said that without secured funding, the Army can't move forward with the next step of this project, which is hosting the public information session on the engineering evaluation and cost analysis. 'Even if tomorrow, [the lawyers] concluded all the negotiations, we still need that funding,' he said. 'The question mark is, is this going to be FY25 or is it going to be FY26? I don't have an answer to that right now.' Right now, the Army is trying to conserve money any way it can, such as moving all future RAB meetings to being virtual for the foreseeable future. In the past, people have been able to attend meetings in-person in a rented meeting room at the Hampton Inn on Opossumtown Pike or online. RAB member Jen Peppe Hahn asked Gortva if the Army could provide a list of how federal funding cuts are directly affecting local things, such as the restoration of Area B. Gortva said he doesn't know if that's possible, because right now, 'almost everything' could be affected, and it's a case-by-case basis depending on what does or doesn't get funding. To his understanding, he said, Congress sets aside a certain amount of money for the U.S. Department of Defense to use for restoration activities. That money is allocated by the Army Environmental Command. Because there was not a set fiscal year 2025 budget, they were operating on a fiscal 2024 continuing resolution and using the same budget they had for the prior year. At the same time, not all of the money for projects is available from the start — instead, money for programs is coming in chunks. 'If you have something you have to pay for that is more than what funding is coming in, you can't exactly pay for it at that time unless you save up money for it,' Gortva said. 'Because of that, how funding is coming in different blocks, it affects the entire program as a whole. Things become disjointed.' He told Hahn that Fort Detrick would try to get the vapor intrusion protection technology funded in whole, and it's a high priority for the garrison. But the garrison can't control whether or not the Army Environmental Command picks Fort Detrick to get project funds. 'In the past, we've always been fortunate that our projects have been well described, that they have an outcome that's easy to understand of what we're trying to achieve, and the projects are put together well so that they get funded,' Gortva said. '... We hope that we continue our ability to get the funding that we need to do the program ... but there's no guarantees for anyone here.' RAB member Roberta Huber succinctly described what the Army is dealing with: 'A budget nightmare.'
Daily Record
12-06-2025
- Daily Record
Scots teen missing for three days last seen in Edinburgh
Shaun Flynn has been reported missing from the Cumbernauld area. The 16-year-old was last seen in Cumbernauld at 8.35pm on June 9. Police have launched an appeal for a missing Scots teen who vanished from Lanarkshire. Shaun Flynn has been reported missing from the Cumbernauld area. The 16-year-old was last seen in Cumbernauld at 8.35pm on June 9. Since then sightings have been reported in Glasgow (June 10) and yesterday in Edinburgh (June 11). Search cops have described Shaun as 5ft 7in, of slim build, with black hair. Officers say he was last seen wearing a black RAB t-shirt and trousers, black Nike fleece and trainers and a black ICON cap. Police Scotland have launched a public appeal to trace Shaun. They have urged anyone who has information to contact them via 101 quoting incident number 3428 and June 9 2025. Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'. A Police Scotland spokesperson said: "We're appealing for the public's help as part of our efforts to trace Shaun Flynn who has been reported missing from the Cumbernauld area. "Shaun was last seen in Cumbernauld at 8.35pm on 9th June 2025. Since then he has been sighted in Glasgow (10th) and more recently, Edinburgh (11th). "Shaun is described as 5ft 7in, slim build, with black hair. When last seen he was wearing black RAB t-shirt and trousers, black Nike fleece and trainers and a black ICON cap. "Anyone who may have seen Shaun since this time, or who has any information which could be relevant, is urged to contact Police Scotland via 101 quoting incident number 3428 of 9th June 2025."
Glasgow Times
12-06-2025
- Glasgow Times
Police searching for Cumbernauld schoolboy who vanished
Officers are looking to track down Shaun Flynn, who has been reported missing from the Cumbernauld area in North Lanarkshire. The 16-year-old was last seen in Cumbernauld at 8.35pm on June 9. Since then, the youngster has been spotted in Glasgow on June 10 and, more recently, in Edinburgh on June 11. He is described as being 5ft 7inch tall, of slim build, and has black hair. When last seen, he was donning a black RAB t-shirt and trousers, a black Nike fleece and trainers, and a black ICON cap. READ MORE: Family of Celtic fan who vanished 21 months ago reveal Xmas heartache A Police Scotland spokesperson said: "Anyone who may have seen Shaun since this time, or who has any information which could be relevant, is urged to contact Police Scotland via 101 quoting incident number 3428 of June 9, 2025."
