Green as ......grass
Hostile bid for Alcan.
The story reflects on what it means for Quebec (so? so!)
But larger than that its means the world's largest producer of aluminum and its raw component alumina would be Alcoa.
Many Canadian companies have moved their headquarters out of Quebec or downsized operations there but Alcan has stayed.
Twice the size of UC RUSAL's alumina and aluminium plant capacities, its nearest competitor. (Earlier this year RUSAL and SUAL, two Russian firms, merged in a deal that displaced Alcoa as the world’s biggest aluminium company.)
but while, heck, even Jamaica has a say. Yah, even. What will if bode for BC, the Mayor of Kitimat asks?
Alcan owes its very existence to an antitrust action in the 1920s that forced Alcoa to spin off its non-American business, and Mr. Alain Belda is hoping selling a few assets will satisfy regulators.
Meanehile, Alcoa Named to "World's Most Ethical Companies" List by Ethisphere Magazine .
...named one of the top most sustainable corporations in
the world at the World Economic Forum in Davos, Switzerland.
Reality check: Canada remains more of a branch-plant economy than any of its G-7 peers. And the imbalance since 2000 of sales of Canadian companies to foreigners and Canadian purchases of offshore firms is $302 billion to $230 billion, respectively. And our G-7 peers aren't suffering the loss of entire sectors, as we recently have in world-class steel and mining.
When widely held targets like EnCana, Talisman, Nexen and Canadian Natural Resources start getting picked off in Stephen Harper's backyard, perhaps then, finally, his government will fashion a U.S.-style (or Italian- or Russian- or Japanese- or Indian-style) hands-off policy on assets of "strategic interest."
So says the Torionto Star.
http://www.thestar.com/Business/article/213487
--
Because cities are responsible for three-quarters of the world's energy consumption, the Clinton Climate Initiative believes they must play a critical role in the reduction of carbon emissions and the reversal of dangerous climate change.
A real who's who list descends on as NYC hosts Summit on Cities and Climate Change .
Posted by mach1231
at 6:03 PM PDT
Updated: Tuesday, June 19, 2007 9:53 PM PDT