By Mike Turner
11.30 AM
Eurostar, the company that runs trains through the Channel Tunnel between London and Europe, has signed a £250m commercial financing package, months after the company begged the UK government for bailout funding.
The bulk of the facility is made up of a £150m syndicated loan from Barclays, BNP Paribas, Crédit Agricole, Export Development Canada, NatWest and Société Générale.This facility comes with guarantees from Eurostar’s shareholders; the French state railway group SNCF, Canadian pension fund CDPQ and Hermes Infrastructure via their
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The COVID-19 pandemic has caused unprecedented economic and social challenges worldwide. These effects have been particularly damaging for many of Canada’s partners in Africa.
A Calgary charitable organization known for its community outreach and advocacy work amongst young students has now waited more than seven months to receive much-needed COVID-19 relief funding from the federal government.
TORONTO A new study has revealed that just 20 companies account for more than 50 per cent of all single-use plastic in the world, while another 20 financial institutions are enabling these companies. The Plastic Waste Makers Index, released on Wednesday from the Australia-based Minderoo Foundation, found that just 20 polymer producers accounted for 57.3 million tonnes of single-use plastic waste in 2019. The report states that environmentalists have previously placed the blame for plastic waste on packaged goods companies such as PepsiCo and Coca-Cola, but this report now points the finger at the small group of polymer manufacturers. “Tracing the root causes of the plastic waste crisis empowers us to help solve it,” Former U.S. Vice-President Al Gore said in a news release. “The trajectories of the climate crisis and the plastic waste crisis are strikingly similar and increasingly intertwined.”
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