Former SNC-Lavalin CEO made $7M in 2019, despite stepping down in June
Former CEO Neil Bruce received a base salary of $1.3 million, according to SNC Lavalin’s proxy circular
Liberals asked to help cover overruns on projects delayed by COVID-19
Pandemic-related delays on projects will inevitably lead to cost overruns that cities and construction firms could struggle to cover.
Feds chronically underspending on MRO for defence infrastructure
Defence department is supposed to invest 1.4% of the replacement value but hasn’t hit that target since 2010.
Panasonic, Tesla to scrap solar panels partnership
Japanese business daily Nikkei reports Gigafactory 2 was to make cells for Tesla’s Solar Roof, but Tesla is instead using Chinese-made solar panels.
Ontario introduces bill to speed up GTA transit project construction
The bill proposes to cut the land expropriation process from a year to approximately seven months.
$3M in federal funding to cut plastic food, construction waste
Three companies winners of the government’s plastics innovation challenge, part of a plan to ban many single-use plastics by 2021.
Contract awarded for Pattullo Bridge replacement in Metro Vancouver
Will include dedicated lanes for pedestrians and cyclists and built to potentially allow expansion to six lanes.
SNC-Lavalin announces Jeff Bell as new chief financial officer
Bell is a former group chief financial officer for British energy services firm Centrica
CDI to decommission Massachusetts’ nuclear power station
SNC-Lavalin, Holtec joint venture will place used nuclear fuel in structurally impregnable dry storage systems.
Sustainable building products manufacturer setting up in Squamish
Company aims to significantly reduce the construction sector’s impact on the environment.
Quebec investors buy back Canam Canadian operations
Deal will total more than $840 million and account for nearly 2,700 of the company’s 4,900 employees.
Work delay possible, Coastal GasLink seeks meeting over pipeline dispute
Company believes “dialogue is preferable to confrontation” and will delay workers returning to the work site.
Some businesses thrived, many lagged during pandemic in 2020
Here are the lists of winners and losers
SNC-Lavalin settles Libya charges, pleads guilty to single count of fraud
Plea deal includes a $280-million fine to be paid over five years.
SNC-Lavalin appoints Ian Edwards as CEO, reports Q3 boosted by 407 sale
Edwards has been serving as SNC-Lavalin’s interim president and chief executive since June.