Pembina Pipeline reaches settlement with shippers on Alliance pipeline
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The Hill
20 minutes ago
- The Hill
Work begins in Finland on a new Canadian icebreaker for Arctic defense
HELSINKI, Finland (AP) — Dignitaries at a steel-cutting ceremony Wednesday in Finland marked the start of work on a new Canadian icebreaker to be named the Polar Max and aimed at bolstering Arctic defense. The event marked the concrete beginning of a trilateral partnership of the United States, Canada and Finland announced by the White House in July 2024 to bolster defenses in a region where Russia has been increasingly active. Russia has vastly more icebreaker ships than the U.S. and Canada at a time when climate change has made the remote but strategically important Arctic more accessible. The Icebreaker Collaboration Effort, or ICE Pact, aims to leverage Finland's advanced shipbuilding expertise and technologies to help meet U.S. and Canadian demand for new icebreakers. Canada's minister for defense procurement, Stephen Fuhr, said his country is bringing its coast guard into the military and that investing in the Arctic is important for the future. 'The North is opening up, there are many reasons to be up there,' Fuhr said. 'There's security issues, resource development.' The hull will be built at Helsinki Shipyard before being transported to Canada where it's expected to be completed in Levis, Quebec by 2030. Quebec's Economy Minister Christopher Skeete highlighted the benefits of cooperating on the building of the new icebreaker. 'It's a partnership and we have a shared responsibility for the North, so this is a unique and very opportune partnership that allows us to leverage the strengths of both our countries in terms of maritime Arctic protection,' he said. 'The North is becoming more and more accessible, there are more and more rivalries in the North, and so we have to be prepared to assert our sovereignty out there,' Skeete added. During a NATO summit in June, U.S. President Donald Trump said Finland was the 'king of icebreakers' and suggested the U.S. might be willing to buy as many as 15 of them, including the used icebreaker that Trump said might be immediately available. 'We're trying to make a good deal,' Trump said. According to a U.S. Government Accountability Office report, the U.S. hasn't built a heavy polar icebreaker in almost 50 years. The last remaining one in service is the 399-foot Coast Guard Cutter Polar Star commissioned in 1976. During a talk in February at the RAND research organization, U.S. Coast Guard Vice Admiral Peter Gautier said the agency has determined it needs eight to nine icebreakers — a mix of heavy polar security cutters and medium Arctic security cutters. Building an icebreaker can be challenging because it has to be able to withstand the brutal crashing through ice that can be as thick as 21 feet (6.4 meters) and wildly varying sea and air temperatures, the report said.
Business Journals
20 minutes ago
- Business Journals
Centene urges shareholders reject 'mini-tender' offer from Canadian investor
A Canadian investment firm has set its sights on Centene's shares, prompting the health care giant to issue a cautionary statement to its investors.
CBS News
21 minutes ago
- CBS News
Pritzker: Chicago school board can't count on help on Springfield with budget crisis
The Chicago Board of Education has less than two weeks to close a $734 million budget gap, and on Wednesday, Illinois Gov. JB Pritzker advised the board should not count on help from Springfield. "We're always looking to enhance our schools and do whatever we can," said Pritzker. "But you know, what [the Chicago Teachers Union] and the mayor are talking about — which is providing another billion or billion-six for Chicago Public Schols — that's just not going to happen. And it's not because we shouldn't. We should. We should try to find the money. But we don't have those resources today." Pritzker noted that it is not just Chicago schools that are hurting. He said schools across the state are being squeezed because of cuts to education spending by the Trump administration. Interim Chicago Public Schools chief executive officer Macquline King has proposed a nearly $10 billion budget plan for the 2025-26 school year that does not include a high-interest short-term loan backed by Mayor Brandon Johnson. Former CEO Pedro Martinez refused to include such a loan in last year's budget, and was fired by the previous school board. The CPS budget plan also includes cuts to meal prep staff, crossing guards, janitors, and central office workers.
