Ontario puts $500M toward ArcelorMittal Dofasco green steel project
BNN Bloomberg
Ontario is giving $500 million in loans and grants to ArcelorMittal Dofasco to make its steelmaking process greener.
HAMILTON - Ontario is giving $500 million in loans and grants to ArcelorMittal Dofasco to make its steelmaking process greener.
The $1.8-billion project will replace coal-fed coke ovens and blast furnaces with low-emission technology.
It's expected to reduce carbon dioxide emissions by about three million tonnes a year, equivalent to taking almost one million cars off the road.
The province is tying to project's objectives to its automotive strategy, aimed at attracting electric vehicle production to Ontario.
Ford says clean steel will be a "critical ingredient" in electric vehicle production, and he's proud to support steel giant's shift to more environmentally friendly methods.
Economic Development Minister Vic Fedeli says if the car of the future is going to be electric, then the steel it's made with needs to be electric, too.
Canada’s federally backed farm lender is offering financial aid to farmers, agricultural businesses and food companies hit by the spike in fertilizer and energy prices, it said on Friday.
Jay Allen is a fan of U.S. President Donald Trump, and voted for him on the belief that the Republican would cut taxes and trim regulations, helping his manufacturing business in northeast Arkansas.
Another climb for oil prices sent the U.S. stock market sharply lower, as hopes collapsed for a possible cut to interest rates by the Federal Reserve.
Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
Facing a $1.4 billion deficit shortfall, the provincial government says its large-animal vet service will be privatized over the next three years.
Facing a $1.4 billion deficit shortfall, the provincial government says its large-animal vet service will be privatized over the next three years.
Jurors wade through daunting evidence in high-stakes Meta trial about social media risks to children
A stream of testimony and evidence has been presented in a New Mexico case exploring what Meta knew about the effects of its platforms on children.
Markets in Canada and the U.S. continued to trade lower while oil went up late morning on Friday as inflationary fears prevailed among investors.
Gold prices fell by 1.8 per cent on Friday as the dollar strengthened on a report that the United States will deploy extra troops in the Middle East, fanning concerns of higher oil prices, inflation, and with it, elevated interest rates.
Canada’s federally backed farm lender is offering financial aid to farmers, agricultural businesses and food companies hit by the spike in fertilizer and energy prices, it said on Friday.
Statistics Canada says retail sales were up 1.1 per cent at $70.7 billion in January, led by sales at motor vehicle and parts dealers.
As Qatar reels from an Iranian attack that has hobbled its giant natural gas company, its boss, who doubles as the country’s energy minister, says he had warned officials and executives of just such a danger should Iran’s own sites be hit.