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Canada Invests in Energy Efficiency Improvements in London

London, Ontario - Natural Resources Canada - Energy efficiency in industry strengthens competitiveness, lowers costs, maximizes profits and promotes a more sustainable environment. Promoting and rewarding energy-efficient practices are key components of Canada’s approach to transitioning to a clean energy future.
 
Parliamentary Secretary to the Minister of Science and Sport and to the Minister of Public Services and Procurement and Accessibility, Kate Young, on behalf of Canada’s Minister of Natural Resources, the Honourable Amarjeet Sohi, today formally announced a $40,000 investment for Ingredion Canada Corporation for an energy management information system (EMIS). 
 
With funding from Natural Resources Canada and facilitated by the Canadian Industry Partnership for Energy Conservation (CIPEC), the EMIS reduced energy use and costs at Ingredion’s London facility by tracking and improving its overall energy performance. 
 
CIPEC includes more than 2,300 facilities representing 20 industrial sectors and over 50 trade associations. An award-winning partnership between the Government of Canada and Canadian industry, CIPEC advances industrial energy efficiency by promoting the uptake of energy management systems, best practices and technologies.
 
Through Generation Energy, Canada's national energy dialogue, Canadians expressed that they want to see Canada continuing to be a leader in the transition to a clean growth economy. Canada will continue to support innovative projects that create jobs, improve industry competitiveness, cut pollution and act on climate change.
Source : Government Of Canada

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U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!