Latest news with #Teskey
Edmonton Journal
10-07-2025
- Edmonton Journal
Decade-old Edmonton fentanyl lab case delayed again after offender fires lawyer; judge cancels bail
Article content Two men charged in one of Edmonton's earliest major fentanyl busts are still awaiting sentencing after one of the offenders fired his lawyer — further delaying a case that has been on the court docket nearly 10 years. Article content Anthony Neville and Eric MacDonnell were due to be sentenced in Edmonton Court of King's Bench Thursday on counts of manufacturing and trafficking fentanyl. The charges stem from an investigation into a southeast Edmonton drug lab that ended with police raids on New Year's Eve 2015. At the time, city police said the fentanyl seizures were their largest to date. The effects of the deadly opioid — which has since caused the deaths of thousands of Albertans — were only just making themselves known. Thursday's hearing derailed shortly after it began. Neville — who, along with his co-accused, has been on bail pending sentencing — told Justice Kent Teskey he wished to fire lawyer Greg Genest and rehire the defence counsel he previously sacked. Teskey allowed the move, saying Neville is facing a lengthy prison sentence and should be given time to find a new lawyer. However, he refused Neville's request to extend his bail and ordered both men taken into custody. Sheriffs led the two into cells after they gave tearful goodbyes to loved ones in the court gallery. Reason for delays not stated Police announced the arrests in January 2016. At a press conference, investigators said they seized $435,000 worth of drugs from three properties linked to Neville and MacDonnell, including nearly 9,000 fentanyl pills, precursor chemicals, an automatic pill press and thousands of tabs of counterfeit Cialis and Viagra. Neville and MacDonnell — aged 37 and 36, respectively — were found guilty after a trial June 18, 2025. Thursday's hearing did not get into why the proceedings were so delayed, besides citing Neville's earlier firing of his lawyer. The case was also the subject of Charter-related hearings. The Supreme Court's 2016 Jordan decision on trial delays set a 30-month timeline for superior court trials to begin — though charges cannot be thrown out if the delays are caused by the defence. Prosecutor Kurtis Streeper said the Crown sees Neville's decision to fire his lawyer as a potential 'delay tactic,' though he acknowledged Neville appears to be taking steps to hire new counsel. Streeper said the Crown is seeking a 'serious' sentence but did not specify the length. He did not ask Teskey to revoke bail. MacDonnell, meanwhile, was ready to proceed with sentencing and planned to be taken into custody that day, lawyer Lance McClean said. Several family members had travelled from Prince Edward Island to support him. Teskey, however, was not prepared to sentence the men separately and ordered both into custody. He initially allowed the two to remain on bail to get their affairs in order ahead of Thursday's hearing. The case is next in court on July 18 to set a date for sentencing. Recent fentanyl lab cases have led to hefty sentences. In January, Jonathan Loyie, a man involved in what was described as Alberta's largest-ever fentanyl lab, was sentenced to 16 years in prison. Article content Article content
Economic Times
22-05-2025
- Business
- Economic Times
Brookfield eyes $100 bn portfolio in India; explores opportunities in nuclear power projects
Reuters This is a representational image Brookfield Asset Management Ltd., one of the largest investors in India's infrastructure sector, plans to cross the $100 billion investment mark in the country in the next five years and is open to backing nuclear power projects, a segment that has seen a policy push in recent months, said a senior company New York-headquartered firm also aims to double its nearly $1 trillion assets under management during this period.'We are believers in nuclear (energy). We do think it provides clean, dispatchable baseload power and that is beneficial to the stability and growing demands for energy around the world. We are invested in the nuclear sector on a global basis,' Connor Teskey, president, Brookfield Asset Management, said on said the demand for clean energy, including natural gas as a transition fuel and nuclear (energy), would only go up in the near the US, Brookfield owns Westinghouse Nuclear, a major player in the nuclear energy sector, providing nuclear power plants, fuel and services to utility customers worldwide. 'More than half the nuclear power generation assets around the world run on Westinghouse technology. We are a global supplier to the nuclear power generation sector. And as there are opportunities in different markets around the world, we assess those on an individual basis," Teskey the firm's investment strategy '3Ds' – decarbonisation, digitalisation and deglobalisation – he said these trends, which have driven a significant amount of growth in the past five years, will continue to offer a 'multi-decade runway in terms of growth opportunities'.Since 2014, the firm has deployed about $30 billion in the country in transactions such as the acquisition of ATC Towers, the telecom towers of Reliance Jio and the East-West Pipeline (formerly Reliance Gas Transportation Infrastructure) from Reliance Industries. Of this, $12 billion each has been invested in infrastructure and real estate, another $3 billion in renewable power and transition, and $3.6 billion in private equity and Brookfield Special Investments. Teskey said a combination of growth prospects in clean energy in India, the number of quality players and the government's ambition makes India poised to be the next clean energy superpower. 'We are keen on areas such as digital infrastructure, transportation infrastructure, utilities and power generation as well. We will look to invest in India very much in the same themes and focuses that we invest in around the world,' he said. The firm has invested heavily in data centres, telecom towers and fibre networks.'When it comes to other commodities, we're investors in midstream assets and utilities and transmission lines. And all of that will continue to be enhanced and built out in India as the economy continues to grow, both due to domestic demand and the growing role that it can play around the world,' Teskey Brookfield will focus on financial services and manufacturing sectors in India in the near future. 'India's rapidly growing middle class is a large consumer market. I would say those are probably where we will continue to focus. Most of the leading global multinationals do have large and growing presence in the country. We can build our own or operate assets to serve that corporate demand,' Teskey real estate, Brookfield is among the largest office owners and operators in India, with more than 55 million square feet across top nine office markets. It also owns Leela Hotels chain, which comprises 3,553 keys across 13 operational hotels, and is gearing up for a Rs 3,500 crore initial public ruled out major business disruptions due to the ongoing tariff wars and the consequent geopolitical uncertainties. 'We want to own high quality critical assets in markets that have strong tailwinds and the key themes and dynamics that we are investing in today completely overwhelm any short term uncertainty or headline noise,' he said. 'There has been some level of uncertainty around the world to start 2025, but it has had absolutely no impact on our willingness to deploy capital. That completely overwhelms any short-term noise."
Time of India
22-05-2025
- Business
- Time of India
Brookfield eyes $100 bn portfolio in India; explores opportunities in nuclear power projects
Brookfield Asset Management Ltd., one of the largest investors in India's infrastructure sector, plans to cross the $100 billion investment mark in the country in the next five years and is open to backing nuclear power projects, a segment that has seen a policy push in recent months, said a senior company executive. The New York-headquartered firm also aims to double its nearly $1 trillion assets under management during this period. 'We are believers in nuclear (energy). We do think it provides clean, dispatchable baseload power and that is beneficial to the stability and growing demands for energy around the world. We are invested in the nuclear sector on a global basis,' Connor Teskey, president, Brookfield Asset Management, said on Thursday. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like She Was The Dream Girl In The 90s, This Is Her Recently Learn More He said the demand for clean energy, including natural gas as a transition fuel and nuclear (energy), would only go up in the near future. In the US, Brookfield owns Westinghouse Nuclear, a major player in the nuclear energy sector, providing nuclear power plants, fuel and services to utility customers worldwide. Live Events 'More than half the nuclear power generation assets around the world run on Westinghouse technology. We are a global supplier to the nuclear power generation sector. And as there are opportunities in different markets around the world, we assess those on an individual basis," Teskey said. Terming the firm's investment strategy '3Ds' – decarbonisation, digitalisation and deglobalisation – he said these trends, which have driven a significant amount of growth in the past five years, will continue to offer a 'multi-decade runway in terms of growth opportunities'. Since 2014, the firm has deployed about $30 billion in the country in transactions such as the acquisition of ATC Towers, the telecom towers of Reliance Jio and the East-West Pipeline (formerly Reliance Gas Transportation Infrastructure) from Reliance Industries . Of this, $12 billion each has been invested in infrastructure and real estate, another $3 billion in renewable power and transition, and $3.6 billion in private equity and Brookfield Special Investments. Teskey said a combination of growth prospects in clean energy in India , the number of quality players and the government's ambition makes India poised to be the next clean energy superpower. 'We are keen on areas such as digital infrastructure, transportation infrastructure, utilities and power generation as well. We will look to invest in India very much in the same themes and focuses that we invest in around the world,' he said. The firm has invested heavily in data centres, telecom towers and fibre networks. 'When it comes to other commodities, we're investors in midstream assets and utilities and transmission lines. And all of that will continue to be enhanced and built out in India as the economy continues to grow, both due to domestic demand and the growing role that it can play around the world,' Teskey said. Additionally, Brookfield will focus on financial services and manufacturing sectors in India in the near future. 'India's rapidly growing middle class is a large consumer market. I would say those are probably where we will continue to focus. Most of the leading global multinationals do have large and growing presence in the country. We can build our own or operate assets to serve that corporate demand,' Teskey said. In real estate, Brookfield is among the largest office owners and operators in India, with more than 55 million square feet across top nine office markets. It also owns Leela Hotels chain, which comprises 3,553 keys across 13 operational hotels, and is gearing up for a Rs 3,500 crore initial public offering. Teskey ruled out major business disruptions due to the ongoing tariff wars and the consequent geopolitical uncertainties. 'We want to own high quality critical assets in markets that have strong tailwinds and the key themes and dynamics that we are investing in today completely overwhelm any short term uncertainty or headline noise,' he said. 'There has been some level of uncertainty around the world to start 2025, but it has had absolutely no impact on our willingness to deploy capital. That completely overwhelms any short-term noise."
Yahoo
22-05-2025
- Business
- Yahoo
Brookfield eyes tripling India assets to $100 billion in five years
By Dhwani Pandya MUMBAI (Reuters) -Brookfield Asset Management will triple its India investments to $100 billion within five years, as it bets on the country's strong growth prospects and rising demand in the infrastructure and clean energy sectors, a senior executive said on Thursday. Brookfield has been doubling down on India investments and has in recent years invested $12 billion in infrastructure assets like gas pipelines, telecom tower assets and data centres; as well as $12 billion in real estate including offices and hotels, and $3 billion in clean energy projects. The New York-based company, with over $1 trillion of assets under management worldwide, views India as a key beneficiary as companies around the world diversify their supply chains, Brookfield Asset Management's President Connor Teskey said. "Global corporates are looking to make their supply chains more resilient, they are moving away from a single supplier model to multiple supplier points, India seems to be the beneficiary of all of those trends," Teskey told reporters in Mumbai. Brookfield will continue to look for opportunities in transport infrastructure, utilities and power generation, especially in renewables, as well as real estate across office, retail, logistics, hospitality and student housing, he added. This week, Brookfield-owned Schloss Bangalore, an Indian luxury hotel chain operator, announced plans to raise $409 million in a public issue. Despite new tariffs creating global uncertainties this year, Brookfield has not paused capital deployment, Teskey said, noting the firm's long-term investment horizon. "The key themes and dynamics that we are investing in today completely overwhelm any short-term uncertainty or headline noise."
Reuters
22-05-2025
- Business
- Reuters
Brookfield eyes tripling India assets to $100 billion in five years
MUMBAI, May 22 (Reuters) - Brookfield Asset Management will triple its India investments to $100 billion within five years, as it bets on the country's strong growth prospects and rising demand in the infrastructure and clean energy sectors, a senior executive said on Thursday. Brookfield has been doubling down on India investments and has in recent years invested $12 billion in infrastructure assets like gas pipelines, telecom tower assets and data centres; as well as $12 billion in real estate including offices and hotels, and $3 billion in clean energy projects. The New York-based company, with over $1 trillion of assets under management worldwide, views India as a key beneficiary as companies around the world diversify their supply chains, Brookfield Asset Management's President Connor Teskey said. "Global corporates are looking to make their supply chains more resilient, they are moving away from a single supplier model to multiple supplier points, India seems to be the beneficiary of all of those trends," Teskey told reporters in Mumbai. Brookfield will continue to look for opportunities in transport infrastructure, utilities and power generation, especially in renewables, as well as real estate across office, retail, logistics, hospitality and student housing, he added. This week, Brookfield-owned Schloss Bangalore, an Indian luxury hotel chain operator, announced plans to raise $409 million in a public issue. Despite new tariffs creating global uncertainties this year, Brookfield has not paused capital deployment, Teskey said, noting the firm's long-term investment horizon. "The key themes and dynamics that we are investing in today completely overwhelm any short-term uncertainty or headline noise."
