Industrial land shortage looms as Abbotsford’s farmland exclusion request denied

The Agricultural Land Commission’s recent decision denying the City of Abbotsford’s request to remove almost 200 hectares from the agricultural land reserve for industrial development “tightens the vise” on companies already struggling to find space.

“They’ll have to get creative,” said Kyle Dodman, a commercial broker with Frontline Real Estate Services who specializes in industrial sales and leasing in the Fraser Valley.

“There’s a common misconception that Abbotsford has these large parcels of available land when there’s really only a handful left,” he explained. “It would have been nice to see the application (to the ALC) go through.”

The Fraser Valley’s wide open spaces have long been seen as a safety net to address Metro Vancouver’s dwindling supply of industrial space. But rapid growth, coupled with the provincial government’s promise to review and revitalize the agricultural land reserve, have some worried industry is being forgotten.

Between 2016 and 2017, Metro Vancouver’s industrial availability rate dropped from 3.6 per cent to a record low of 2.3 per cent, the second lowest in North America, according to a report published in February by the international real estate and investment firm CBRE.

“We are at a critical stage and we need to find industrial areas for these companies,” VP of Industrial Chris MacCauley said in a news release. “It used to be that when companies couldn’t find space in Vancouver, they moved to the valley. But now the valley doesn’t have much inventory left either … So there’s a threat we’re going to see companies relocating out of province or it will limit their growth potential.”

The report found that the two municipalities with the largest industrial inventories also had two of the lowest availability rates — Richmond at two per cent and Surrey at 1.3 per cent. Lease rates …read more

Source:: Vancouver Sun

Man taken to hospital after assault in north-east town

A man was taken to hospital after an assault in a north-east town.

The incident happened in the Pinegrove area of Elgin at around 1am on Saturday.

As a result a 40-year-old man was taken to Dr Gray’s for treatment.

Police are today appealing for help to trace two men who were in the area at the time and may be able to help with their inquiries.

They are both described as being in their early 20s, of average height and slim build.

They were both wearing hooded tops. One had black hair, the other had lighter coloured hair.

Sergeant Neil Morrison said: “We would like to hear from anyone who may have information in relation to this assault or who witnessed the incident.

“Police can be contacted on 101 using reference number CF0151400618.

“Information can also be passed anonymously to Crimestoppers on 0800 555 111.”

…read more

Source:: Evening Express – All articles

Opinion: B.C. public pensions fuel climate change crisis

If you have a public pension in B.C., your retirement savings are likely fuelling the climate change crisis.

The pensions of over half a million British Columbians are administered by the British Columbia Investment Management Corporation (BCI), formerly known as the bcIMC. It’s the fourth-largest pension fund manager in Canada and controls one of the province’s largest pools of wealth, totalling $135.5 billion.

In 2016, Canada signed the Paris Agreement, acknowledging that global warming must not exceed two degrees Celsius above pre-industrial levels and further committing to work toward a 1.5 degree C limit. As one of the province’s largest financial managers, BCI’s investment decisions are critical for the urgent and sustained emission reductions that both targets require.

BCI’s holdings include investments in some of the world’s largest oil and gas companies.

To determine how it is responding to the climate crisis, our just-released report, Canada’s Fossil-Fuelled Pensions: The Case of the British Columbia Investment Management Corporation, asks: is BCI investing funds in ways that support the shift to a two degree Celsius global warming limit?

Unfortunately, the answer is no. We found that instead of curbing investments to align with the two degree limit, BCI promotes the status quo on carbon-heavy investments.

For example, BCI investments in Kinder Morgan rose to $65.3 million in 2017, nearly doubling its $36.7 million 2016 investment. Since 2016, BCI has over $3 billion invested in the top 200 publicly traded fossil fuel reserve holders. It is invested in 74 per cent of the oil and gas companies with the largest fossil fuel reserves and 30 per cent of the biggest reserve-holding coal producers.

BCI doesn’t believe these investments are a problem. It claims that its ability to be an “active owner” through shareholder engagement will create more lasting change in their investee corporations than if they withdrew or “divested” their …read more

Source:: Vancouver Sun

Belgium, England to rotate lineups in Group H finale

NIZHNY NOVGOROD, Russia — Sadly for the fans, Belgium and England are ready to rest and rotate.

In it for the long haul, they face a World Cup reality that could strip some of the flavour from a mouthwatering group decider between two Premier League-rich squads and two of the tournament’s high-scoring teams.

Both have already qualified for the last 16 — only the group winner needs to be decided — so Thursday’s Group G finale in Kaliningrad provides a rare chance in an unrelenting World Cup schedule to rest tired legs, recover from injuries and avoid the risk of suspensions.

2018 World Cup coverage on Sportsnet

The FIFA World Cup in Russia runs from June 14 to July 15, and Sportsnet.ca will have in-depth daily coverage.

Daily news & feature stories

| Match schedule

| Group standings

| Team profiles

| History of the World Cup

| Scoreboard

Also, fringe squad members can get game time when the pressure is off, in case they are needed unexpectedly when it really counts down the road.

And so the big individual matchups that held so much intrigue a week ago may not materialize.

…read more

Source:: Sportsnet.ca