Search
AI-powered
search, human-powered content.
We have updated our Privacy Policy and Terms of Use for Eurasia Group and its affiliates, including GZERO Media, to clarify the types of data we collect, how we collect it, how we use data and with whom we share data. By using our website you consent to our Terms and Conditions and Privacy Policy, including the transfer of your personal data to the United States from your country of residence, and our use of cookies described in our Cookie Policy.
The logo of Itochu Corp is seen outside the company's headquarters in Tokyo, Japan.
2 billion: Itochu, Japan’s third-largest trading company, has announced the creation of a new special fund to invest $2 billion into renewable energy assets in the US and Canada.
145 million: Meanwhile, Heliene, one of Canada’s leading solar panel manufacturers, announced plans to invest $145 million in a new factory in Minneapolis-St Paul. The move to the Twin Cities is the latest example of Canadian renewables companies looking south of the border to take advantage of tax breaks and other incentives offered by the Biden administration’s Inflation Reduction Act. It’s a trend the Trudeau government doesn’t love.
300: Deputy Prime Minister and Finance Minister Chrystia Freeland rejected a request from Toronto to help the city boost its capacity to house rising numbers of refugees. As many as 300 people are turned away from Toronto shelters every night, and city officials say they need close to CA$160 million to solve the problem. But Freeland said Monday that it’s Ontario’s responsibility to find that money for the city, not Ottawa’s.
3: There have been at least three separate Canadian trials held entirely in secret over the past year and a half. The identities of the accused, the judge, and the lawyers have been concealed from the public, as have the nature of the charges themselves. Two of the trials reportedly involved government informants whose identities the authorities wished to keep secret. A challenge to this rare type of secret trial will reach Canada’s Supreme Court later this year.