T wo of the first five major national projects recently advanced by the Mark Carney government for fast tracking involve copper mines. The remaining three involve increased liquefied natural gas production in Kitimat, British Columbia; the construction of a suite of small modular nuclear reactors at the Darlington facility in Ontario; and the expansion of a container port in Montreal. The prioritizing of two copper mines probably took many people by surprise.
Gold is within a few dollars of posting a fresh all-time high, while silver currently trades at levels last seen nearly a decade and a half ago. Foreign central bank demand - reflecting a broader shift away from traditional safe-haven US Treasuries - continues to drive gold ever higher. Meanwhile, silver is 40% higher on the year on a combination of strong industrial demand and continuing safe haven appeal.
A millionaire Labour donor's firm has a contract with City Hall worth in excess of 3.5m, it has been revealed. When details of the Ecotricity contract which includes the supply of electricity for Trafalgar Square was last published in 2020, it was valued at 470,000 a year. A more recent freedom of information response, obtained by the Daily Mail, shows that Ecotricity has been paid 3.55million by City Hall since 2020/21.
"I think it would be shortsighted for Congress to now suddenly decide they're going to try to go backwards and take the money away for the EVs or stop that process because that's just going to be a bunch of money on infrastructure that's been wasted."
The letter from nearly 60 Labour MPs challenges Richard Tice's assertion to abolish green energy contracts, emphasizing the need for understanding the economic impact of such actions.