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☆ From construction workers to electricians, these are the infrastructure jobs set to boom in the next few years
▼ + stars: | 2023-11-20 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

Insider looked at employment projections for work related to construction and infrastructure. Both white-collar and blue-collar jobs are poised to boom, with demand for construction laborers and truck drivers, as well as business services. President Joe Biden is also behind the need for more infrastructure construction. Construction and infrastructure jobs are growingConstruction laborers are projected to see employment growth of 61,900 from 2022 to 2032. This job typically requires a postsecondary nondegree award for entry and long-term on-the-job training for competency.

Persons: —, Hannah Jones, Joe Biden, Kit Dickinson, Ed Brady, remodelers, Carpenter, Dickinson, Nela Richardson, Brady, Organizations: Service, Law, Georgetown University Center, Education, Workforce, Bureau of Labor Statistics, Home Builders Institute, National Association of Home Builders, BLS

☆ CNBC Daily Open: Moody’s downgrade won’t dent the Treasury market
▼ + stars: | 2023-11-14 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. South Korea's Kosdaq index rose around 2.2%, snapping a five-day losing streak. Hence, Biden and Xi will likely focus on "prevent[ing] a crisis," according to a political commentator. Consumer spending fellU.S. October retail sales, excluding autos and gas, fell 0.08% month on month, while core retail, which excludes restaurants, declined 0.03%, according to the new CNBC/NRF Retail Monitor.

Persons: Australia's, Biden, Xi, Joe Biden, Xi Jinping, That'll, Exxon, Morgan Stanley Organizations: CNBC, Dow Jones, NRF, Exxon, Exxon Mobil Locations: Asia, Pacific, U.S, Arkansas

A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. "We need to build a funding model for green tech companies," Chuka Umunna, JP Morgan's (JPM.N) head of EMEA ESG and green economy investment banking, told the Reuters Energy Transition Europe 2023 event in London. This was partly because of the capital requirements for some green tech firms in early stages of development, he said. Investment into green tech was also being stymied by bureaucracy, including delays to permitting for the infrastructure needed for renewable energy and other projects. Umunna also said a shift to a greener, lower-carbon economy offered up a huge opportunity for banks such as JP Morgan.

Persons: Morgan Chase, Mike Segar, Morgan, Umunna, JP Morgan's, JP Morgan, Simon Jessop, Tommy Reggiori Wilkes, David Goodman, Alexander Smith Organizations: Co, New York City, REUTERS, EMEA, Reuters, Capital, British, Investment, Thomson Locations: New York, London, Europe

The EU's proposed "Euro 7" law would tighten limits on health-harming pollutants from combustion engine cars. The European Commission, which drafts new EU laws, has said the health benefits would far outweigh the costs. However, EU countries and lawmakers - which are in charge of negotiating the final law in the coming months - have each agreed to weaken the rules. Green lawmakers criticised the vote as a missed chance to reduce the roughly 70,000 premature deaths per year in Europe attributed to vehicle pollution. "The EU is missing the opportunity to be the future leader in green technology," Green EU lawmaker Bas Eickhout added.

Persons: Yves Herman, Alexandr Vondra, Bas Eickhout, Adolfo Urso, Kate Abnett, Alvise Armellini, Sharon Singleton Organizations: REUTERS, Rights, New, European Commission, Commission, Italy's Industry, EU, Thomson Locations: Brussels, Belgium, Rights BRUSSELS, Union, Europe, Italy, Czech Republic

ARLINGTON, Va.—At concrete plants across the world, diesel mixer trucks take in a polluting blend of sand, gravel, water and cement. A facility outside Washington, D.C., is adding a new ingredient to clean up the process: carbon dioxide. The hybrid material—known as “green” concrete—reduces the carbon footprint of one of the dirtiest industrial sectors in the world and is emerging as an alternative to carbon storage options such as underground wells and pipelines that require regulatory approval and local support.

Organizations: Washington , D.C Locations: ARLINGTON, Va, Washington ,

☆ China’s newest museum is straight out of science fiction
▼ + stars: | 2023-10-30 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +6 min

It looks like something straight out of science fiction. Which it is, in a way: it’s the brand new Chengdu Science Fiction Museum in the capital of Sichuan province in Southwest China. The museum was commissioned in 2022 to host this year’s 81st annual World Science Fiction Convention, nicknamed Worldcon. The Science Fiction Museum is part of a larger “Future City” development in the Pidu district, outside of the city. Known as Chengdu Future Science and Technology City, the 4.6-square-kilometer (1.8-square-mile) site will house multiple new universities, laboratories and offices.

Persons: ”, Paulo Flores, Flores, Sydney Opera House —, Zaha Hadid, Satoshi Ohashi, Ohashi, ” Ohashi, Dave McCarty, ” McCarty Organizations: CNN, Chengdu Science Fiction Museum, Zaha, Architects, Science, Sydney Opera House, Fiction, Chengdu Future Science, Technology City Locations: Sichuan, Southwest China, London, City, Chengdu, Pidu, China, Asia, ”

☆ Britain tells pension funds change needed to improve returns
▼ + stars: | 2023-10-25 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

The government wants to persuade pension schemes to invest some of their funds in infrastructure as well as startups and green technology. Ten companies have now voluntarily committed to invest 5% of their pension funds, or about 50 billion pounds in total, in unlisted companies by 2030. "I think we have got too many pension funds in this country, and I do want to see an industry where we end up with fewer, larger funds," Hunt told an event to take stock of the initiative. He said he wanted to see larger funds with the confidence to invest in growth companies. Delfas said fewer, larger and well run schemes were needed, and it was time to consolidate pension funds that lack expertise, scale and appetite to deliver better returns to savers into funds that do.

Persons: Jeremy Hunt, Hunt, Aon, Delfas, Huw Jones, Sachin Ravikumar, Jane Merriman Organizations: Insurance, British Private Equity, Venture Capital Association, British Business Bank, Pensions, Thomson Locations: Britain

Instead, because the plan has been weakened, it says the minimum tax will generate only half that — less than 5% of corporate tax revenue. The watchdog group estimates that a 15% minimum tax could have raised roughly $270 billion in 2023. That carveout, the EU Tax Observatory warned, could “give firms incentives to move production to countries with tax rates below 15%." Despite its criticisms of what has happened to the minimum tax, the EU Tax Observatory praised a separate effort to stop the wealthy from dodging taxes. The EU TAX Observatory is calling for a 2% global tax on billionaires' wealth, a proposal it says would raise $250 billion annually from fewer than 3,000 people.

Persons: Janet Yellen, wouldn't, ″, Gabriel Zucman, ’ ’ Organizations: WASHINGTON, European Union, Organization for Economic Cooperation, Development, Apple, Nike, OECD, EU, Observatory, EU Tax Observatory, Companies, Treasury, Paris School of Economics, University of California Locations: Bermuda, Cayman Islands, United States, Berkeley

A sign directing towards electric vehicle charging points is seen in a car park in Manchester, Britain, September 8, 2023. In its first major position paper on the topic, UK Finance also told the country's political parties that more clarity is needed on the path to a net zero economy to help financial markets muster the huge amounts of capital needed. In April, the government estimated it would need an additional 50 billion pounds-60 billion pounds ($61 billion-$73 billion) of capital investment a year through the late 2020s and 2030s to meet its net zero targets. UK Finance, which represents around 300 firms, set out a series of recommendations to marshal pools of capital which are currently "underused" due to "policy gaps". An independent body could be asked to monitor and provide updates on public and private capital flows, it added.

Persons: Phil Noble, Ian Bhullar, Huw Jones, Simon Jessop, Sharon Singleton Organizations: REUTERS, Finance, European Union, Zero, Reuters, UK Finance, Labour Party, Thomson Locations: Manchester, Britain, Europe

That adds to tech-related tensions between the West and China, which is one of Europe’s biggest trading partners and the world’s biggest auto market. Chinese EV makers are drawn to Europe because auto import tariffs are just 10% versus 27.5% in the U.S., independent auto analyst Matthias Schmidt said. MG — owned by SAIC Motor, China’s biggest automaker — is the largest Chinese EV player in Europe. One reason Chinese companies can offer high-quality cars at affordable prices stems from the rules to enter the Chinese market. Chinese EV makers, meanwhile, are trying to stand out in a crowded field.

Persons: Laima Springe, Janssen, “, ” Springe, I’m, ”, Matthias Schmidt, John Kirkwood, —, Kirkwood, Warren Buffett, Ursula von der Leyen, Alfa, China’s EVs, Carlos Tavares, we’re, Alexander Klose, ” Klose, Schmidt, Justin Nicholls, Nicholls Organizations: Volvo, Nissan, Skoda, Union, EV, Volkswagen Passat, Kia, MG, SAIC Motor, China’s, —, Lotus, Chinese Commerce Ministry, EU, World Trade Organization, Tesla’s, Peugeot, Citroen, Alfa Romeo, Fiat, Global, Wall Motors Locations: Copenhagen, Denmark, Europe, China, West, U.S, British, Western, France, Germany, Beijing, Shenyang, Shanghai, Israel

[1/4] Indonesian President Joko Widodo arrives at Beijing Capital International Airport to attend the Third Belt and Road Forum in Beijing, China, October 16, 2023. Ten years on, the most senior EU leader expected to attend the third Belt and Road (BRI) Summit this week is Hungary's populist Viktor Orban, who will join guests including Russia's Vladimir Putin and a minister of the Afghan Taliban. Such Western doubts have coincided with Xi's assertive leadership and a deterioration in ties over trade, human rights, COVID-19 and Taiwan. Other analysts say economic slowdown both in China and globally, and rising commodity prices, have also cast a pall over the initiative. "It's not perfect, but it’s a process, and people are gradually realising it's so important: we need to build infrastructure.

Persons: Joko Widodo, Ken Ishii, Putin, Orban, Britain's, Viktor Orban, Russia's Vladimir Putin, Xi, Jinping, Matthew Erie, they've, Raffaello Pantucci, Ruby Osman, Tony Blair, Osman, Wang Huiyao, Wang, Joyce Zhou, Vineet Sachdev, Antoni Slodkowski, Don Durfee, Robert Birsel Organizations: Beijing Capital International Airport, Forum, REUTERS Acquire, Initiative, University of Oxford, Reuters, Washington, American Enterprise Institute, S.Rajaratnam School of International Studies, Tony, Tony Blair Institute for Global, Global Development Initiative, Monetary Fund, Sri, Center for, Thomson Locations: Beijing, China, Italy, Xi's, BEIJING, Western Europe, EU, Taiwan, United States, Ukraine, Erie, CHINA, America, Africa, Russia, Kazakhstan, Congo, Singapore, China's, Argentina, Sri Lanka, Zambia, Center for China

[1/4] Indonesian President Joko Widodo arrives at Beijing Capital International Airport to attend the Third Belt and Road Forum in Beijing, China, October 16, 2023. Ten years on, the most senior EU leader expected to attend the third Belt and Road (BRI) Summit this week is Hungary's populist Viktor Orban, who will join guests including Russia's Vladimir Putin and a minister of the Afghan Taliban. Other analysts say economic slowdown both in China and globally, and rising commodity prices, have also cast a pall over the initiative. Wang Huiyao, president of the Center for China and Globalization think tank, said the BRI had "greatly pushed forward global awareness about the infrastructure deficit". "It's not perfect, but it’s a process, and people are gradually realising it's so important: we need to build infrastructure.

☆ Britain rolled back an array of its net zero goals. It could spell pain for climate tech startups, experts say.
▼ + stars: | 2023-10-16 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Britain's dramatic rollback of its net zero ambitions will threaten climate tech startups' ability to raise fresh capital from investors, industry experts have warned. Sunak said the government remained committed to its obligation to reach net zero by 2050, despite the u-turns. He also unveiled a grant for boiler upgrades, reforms to energy infrastructure planning, and £150 million ($183 million) for the development of green tech. Climate tech is particularly exposed to this as it changes on a country-by-country basis, compared with health tech which has a "stable" and well-established regulatory process. "The bottom line for me is that it will happen independently of the politics now," said SE Ventures' Christiani.

Persons: Rishi Sunak, Sunak, Asif Ghafoor, Kiko Ventures, Arne Mortaeni, Michael Smith, Julien Christiani Organizations: EV, Kiko, Government, Ventures Locations: Europe, Germany, France

☆ Canada to give Belgium's Umicore up to C$1 bln for new battery components plant
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, Oct 16 (Reuters) - Canada and the province of Ontario will give up to C$1 billion to a unit of Belgium's Umicore (UMI.BR) to help it build a plant that will produce components for electric vehicle batteries, Ottawa said on Monday. The plant - the first of its kind in North America - will initially employ 600 people and have a battery materials production capacity of 35 gigawatt hours annually. Canada, home to a large mining sector for minerals such as lithium, nickel and cobalt, wants to woo firms involved in all levels of the electric vehicle (EV) supply chain via a multibillion-dollar green technology. The Umicore plant is due to be built in stages and could be worth C$2.7 billion when fully completed. Canada will invest up to C$551.3 billion with Ontario adding up to C$424.6 billion.

Persons: Francois, Philippe Champagne, Champagne, David Ljunggren, David Gregorio Our Organizations: OTTAWA, Thomson Locations: Canada, Ontario, Ottawa, Loyalist Township, North America

☆ It’s official: The era of China’s global dominance is over
▼ + stars: | 2023-10-15 | by ( Linette Lopez | ) www.businessinsider.com time to read: +19 min

We've reached the end of an era for the Chinese economy. Unless dramatic action is taken, the future of China's economy is looking less like a young dynamo and more like an old, slow-moving blob. A faltering Chinese economy will suppress demand for commodities like oil seeds and grain, hitting US farmers especially hard. For the US economy, China as a workshop is much more important than China as a consumer. Now that China's economic supercycle is over, that may be the cycle we're about to witness.

Persons: We've, Xi Jinping, Lee Miller, it's, Xi's, —, Xu Jiayin, Charlene Chu, Chu, Chu —, Victor Shih, Shih, that's, they're, Jinping, Zhang, Miller, It's, they'll, Chinese Communist Party that's, Anne Stevenson, Yang, isn't, Stevenson, Linette Lopez Organizations: Chinese Communist Party, CCP, Trust, Autonomous Research, Bloomberg, Autonomous, Century China Center, University of California, J Capital Research, Japan, Nike, Starbucks, Companies Locations: China, Beijing, Cities, Shanghai, It's, Shenyang, metropolises, Shenzhen, Europe, Wall, —, University of California San Diego, Middle Kingdom, Mexico, Vietnam, New York City, United States

☆ The Great China Boom is going bust
▼ + stars: | 2023-10-15 | by ( Linette Lopez | ) www.businessinsider.com time to read: +18 min

Unless dramatic action is taken, the future of China's economy is looking less like a young dynamo and more like an old, slow-moving blob. AdvertisementAdvertisementChinese President Xi Jinping has shifted the country's priorities from economic growth to a "technology and national-security race with the US." A faltering Chinese economy will suppress demand for commodities like oil seeds and grain, hitting US farmers especially hard. For the US economy, China as a workshop is much more important than China as a consumer. Now that China's economic supercycle is over, that may be the cycle we're about to witness.

Persons: We've, Xi Jinping, Lee Miller, it's, Xi's, —, Xu Jiayin, Charlene Chu, Chu, Chu —, Victor Shih, Shih, that's, they're, Zhang, Beijing's largess, Miller, It's, they'll, Chinese Communist Party that's, Anne Stevenson, Yang, isn't, Stevenson, Linette Lopez Organizations: Chinese Communist Party, CCP, Trust, Autonomous Research, Bloomberg, Autonomous, Century China Center, University of California, J Capital Research, Japan, Nike, Starbucks, WSJ, China, Companies Locations: China, Beijing, Cities, Shanghai, It's, Shenyang, metropolises, Shenzhen, Europe, Wall, —, University of California San Diego, Middle Kingdom, Mexico, Vietnam, New York City

☆ One sector in China is beating the slowdown — 3 stocks to play it including one with 80% upside
▼ + stars: | 2023-10-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

After Beijing cracked down on real estate developers' high debt levels, banks and other financial institutions drastically pulled back on lending to those companies. Meanwhile, China's latest development plans have emphasized advanced manufacturing — production of goods of higher value than apparel and other lower-cost goods Chinese factories have been known for. But analysts increasingly realize that the high-growth days of real estate are over, weighing further o n the economy in the near term. Oxford Economics expects the economy to slow to a 4.4% pace in 2024 and 4.0% in 2025, dragged down by real estate. China is set to release third-quarter GDP, retail sales, industrial production and fixed asset investment on Wed., Oct. 18.

Persons: That's, hasn't, Banks, Gill, Kharas, Louise Loo, Loo, Brian Tycangco Organizations: People's Bank of China, Oxford, Stansberry Research, HSBC, World, Network Locations: China, Beijing, Oxford, Friday's

☆ China’s economy will be hobbled for years by the real estate crisis
▼ + stars: | 2023-10-06 | by ( Laura He | ) edition.cnn.com time to read: +10 min

Absorbing this “excess capacity” in the property sector will inevitably hurt China’s economic growth, according to Garcia-Herrero. The money from the sales funded their breakneck expansion, making real estate moguls some of the country’s richest people. The strategy largely worked until about three years ago when the Chinese government cracked down on excessive borrowing by the real estate industry because it was worried about the risk of financial instability. But overall, the property sector has contracted severely as it adjusts to a collapse in demand. “A fundamental rewiring of China’s economy will necessitate a focus on developing new industries, improving productivity, and bolstering rental markets,” said analysts from Stanford University and the ASPI.

Persons: ”, Alicia Garcia, Herrero, Garcia, they’re, Evergrande, Xu Jiayin, Xi Jinping, ” Mark Williams, Sheana Yue, Zichuan Huang, “, — Michelle Toh Organizations: Hong Kong CNN, Investment, Asia Pacific, Getty, Bank, International Monetary Fund, IMF, Regulators, Capital Economics, People’s Bank of China, Oxford Economics, Stanford University, Asia Society Policy Institute, Oxford Locations: China, Hong Kong, Beijing, Natixis, Wuhan, China's, Hubei, Japan

☆ Would-Be EU Climate Policy Chief Seeks Green Light From Lawmakers
▼ + stars: | 2023-10-02 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

But lawmakers want to test him - particularly those from left-leaning groups that have recently clashed with centre-right lawmakers seeking to weaken some green policies. "We must ensure that the Commission sticks to its commitments on the Green Deal and avoids backsliding as right-wing politicians up their attacks on climate policies," Green lawmaker Philippe Lamberts said. Some lawmakers have questioned whether his previous roles equip him to lead climate policy. It is not uncommon, however, for EU commissioners to take on new portfolios and work with the EU civil service to master them. "I've met with him on the areas that I work on, and I've been very impressed," one EU official said.

Persons: Kate Abnett BRUSSELS, Wopke Hoekstra, Hoekstra, Ursula von der, Philippe Lamberts, I've, Kate Abnett, Kevin Liffey Organizations: European Commission, Green, Shell, EU Locations: Dutch, Europe, China, United States, Netherlands

☆ Dominic Chopping — Senior Reporter at The Wall Street Journal
▼ + stars: | 2023-09-25 | by ( Dominic Chopping | ) www.wsj.com time to read: 1 min

Dominic ChoppingDominic Chopping is a senior reporter for The Wall Street Journal and Dow Jones Newswires in Stockholm, where he manages Nordic and Baltic real-time news, covering companies, economies, forex, macroeconomics and general news in the region. He publishes news flashes and writes breaking news stories and analytical pieces. In addition to his regular coverage of regional corporate heavyweights such as Ericsson, Nokia, H&M and Volvo, he frequently reports on Scandinavian monetary policy and has recently expanded his coverage to include start-ups in the green technology space. Before moving to Sweden, Dominic worked on the U.K. corporate real-time desk in London, covering stocks from FTSE100 majors to small AIM-listed growth businesses. He joined Dow Jones in 1999 after starting his career in the industry as a U.K. data editor at Financial Times Information.

Persons: Dominic, Dow Jones Organizations: Wall Street Journal, Dow, Nordic, Ericsson, Nokia, Volvo, AIM, Financial Times Information Locations: Stockholm, Baltic, Sweden, London

☆ Canada, Japan agree to work more closely on battery supply chains
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, Sept 21 (Reuters) - Canada and Japan on Thursday agreed to work more closely together to establishing sustainable and reliable global battery supply chains, the Canadian government said in a statement. The two sides signed a memorandum of cooperation on the supply chains during a visit by Japanese Industry Minister Yasutoshi Nishimura, it said, but gave no details. Canada, home to a large mining sector for minerals such as lithium, nickel and cobalt, wants to woo firms involved in all levels of the electric vehicle (EV) supply chain via a multibillion-dollar green technology. "As worldwide demand shifts increasingly towards cleaner forms of energy, Canada's critical minerals resources and battery supply chains will play a vital role in how we get there," said Natural Resources Minister Jonathan Wilkinson. Reporting by David Ljunggren; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Yasutoshi Nishimura, Jonathan Wilkinson, David Ljunggren, Chizu Organizations: Japanese Industry, Natural, EV, Thomson Locations: OTTAWA, Canada, Japan, Quebec

LONDON (AP) — Prime Minister Rishi Sunak announced Wednesday that he’s delaying by five years a ban on new gas and diesel cars that had been due to take effect in 2030, watering down climate goals that he said imposed “unacceptable costs” on ordinary people. U.K. greenhouse gas emissions have fallen by 46% from 1990 levels, mainly because of the almost complete removal of coal from electricity generation. The government had pledged to reduce emissions by 68% of 1990 levels by 2030 and to reach net zero by 2050. Automakers, who have invested heavily in the switch to electric vehicles, expressed frustration at the government’s change of plan. Ford U.K. head Lisa Brankin said the company had invested 430 million pounds ($530 million) to build electric cars in Britain.

Persons: Rishi Sunak, Sunak, ”, Boris Johnson, backtrack, Prince William —, Will McCallum, Lisa Brankin, Richard Burge, Tara, Hargreaves Lansdown, Clee, Sadiq Khan, Alok Sharma, Peter Cox Organizations: —, Conservative Party, Former, United Nations General Assembly, Greenpeace, Ford, London Chamber of Commerce and Industry, Britain’s Conservatives, Labour, London’s Labour, BBC, Global Systems Institute, University of Exeter Locations: New York, Britain, London Uxbridge, Glasgow

LONDON (AP) — Prime Minister Rishi Sunak is preparing to water down some of Britain's environmental commitments on Wednesday, saying the country must fight climate change without penalizing workers and consumers. “For too many years, politicians in governments of all stripes have not been honest about costs and trade-offs," Sunak said. U.K. greenhouse gas emissions have fallen by 46% from 1990 levels, mainly because of the almost complete removal of coal from electricity generation. The government had pledged to reduce emissions by 68% of 1990 levels by 2030 and to reach net zero greenhouse gas emissions by 2050. Automakers, who have invested heavily in the switch to electric vehicles, expressed frustration at the government's apparent change of plan.

Persons: Rishi Sunak, Sunak, backtrack, Prince William —, Doug Parr, ”, Parr, Mike Hawes, Lisa Brankin, Tara, Hargreaves Lansdown, ” Copp, Sadiq Khan, “ We’re, Suella Braverman, Alok Sharma Organizations: —, Conservative Party, United Nations General Assembly, Greenpeace, Society of Motor Manufacturers, Traders, Ford, ” Britain's, Labour, London’s Labour, BBC Locations: Britain, New York, London Uxbridge, Glasgow

☆ Canada risks more than C$50 billion in clean tech as incentives in limbo
▼ + stars: | 2023-09-18 | by ( Steve Scherer | ) www.reuters.com time to read: +4 min

OTTAWA, Sept 18 (Reuters) - More than a year after Canada first announced incentives to jumpstart clean technology projects there is still no money flowing, and if they are not in place soon, more than C$50 billion ($37 billion) in investments could be at risk, industry groups said. The government "urgently needs to get as much of this out the door this fall as possible." Masterson says there are "well beyond C$25 billion of proposed investments" in more than a dozen projects in his industry that are waiting for the incentives. An additional C$17 billion in ITCs for clean hydrogen, electricity and manufacturing were announced six months ago and those are at an earlier stage. Adam Auer, president of Cement Association of Canada, said his members have "billions" in projects that are waiting on the ITCs.

Persons: Justin Trudeau's, Bob Masterson, Masterson, Trudeau, Dennis Darby, Darby, Adam Auer, Rachelle Schikorra, Steve Scherer, Timothy Gardner Organizations: Canada, Justin Trudeau's Liberal, Chemistry Industry Association of Canada, Canadian Manufacturers, CME, Cement Association of Canada, Dow Chemicals, Reuters, Thomson Locations: OTTAWA, United States, U.S, Exshaw , Alberta, Canada, Fort Saskatchewan , Alberta

Meanwhile, two indoor farming companies that attracted strong startup money — New Jersey's AeroFarms and Kentucky's AppHarvest — filed for bankruptcy reorganization. Advocates say growing indoors uses less water and land and allows food to be grown closer to consumers, saving on transport. Tom Kimmerer, a plant physiologist who taught at the University of Kentucky, has tracked indoor farming alongside his research into the growth of plants both outdoors and inside. He said some companies may be struggling to scale up, with problems that come from launching in spaces that aren't necessarily built specifically for indoor farming. Several of the companies say they're on the right track.

Persons: AppHarvest —, Jacob Portillo, Eden Green, that’s, ”, It's, they’re, Tom Kimmerer, “, Kimmerer, Hannah Burrack, you’re, ” Burrack, Evan Lucas, he's, Lucas, Eden, Eddy Badrina, Arama Kukutai, Matt Ryan, Curt Covington, isn't, “ It's, ” Covington, ___ Walling, Joshua A, Bickel, ___, Melina Walling Organizations: Eden Green Technology, Kroger, University of Kentucky, Michigan State University, Northern Michigan University, Eden Green, Walmart, AgAmerica, Associated Press, AP Locations: CLEBURNE, Texas, Dallas, Eden, Cleburne, California, Detroit, Elmwood, Farm, Lexington , Kentucky, Plenty, Chicago, Georgetown , Kentucky, Georgetown, ___

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