Industry says it’s committed to helping farmers make their own repairs, but advocates say legislation needed. Grain farmer Cole Siegle didn’t have time to waste when a combine his family was using to help with the harvest started acting up. An onboard computer glitch was the problem — a quick fix with the right equipment. Instead, the Alberta farmer had to wait for a dealership technician to drive out to diagnose and reset the system. It was a five-minute job that idled the combine for two hours. It was “extremely” frustrating, he said of the incident from two years ago. In those couple hours, he said the combine might have harvested the equivalent of roughly $20,000 worth of canola. It’s situations like this behind wrangling over whether “right-to-repair” laws are needed to ensure farmers can fix their own machinery, or whether they open the door to legalizing the kind of modifications the industry says would have implications for safety and privacy. “I’m not going to rewrite the software,” Siegle said. “I just want to be able to read these codes … and then [be] able to reset the computer so that I can actually use this half-million-dollar piece of equipment.
The Organization of the Petroleum Exporting Countries and Russia rejected a plea by Joe Biden to increase oil production by maintaining their comfortability with current prices. OPEC officials told reporters on Monday, there was “no need” to put out more oil to the market at this point. OPEC+ added the latest decision to boost product by 400,000 barrels per day would remain intact, despite Biden’s call for a bigger increase. Last week, Biden begged both OPEC and Russia to help reduce energy prices and inflation by boosting oil output. However, OPEC+ said International Energy Agency data did not support Biden’s calls for more oil. “As the OPEC+ group has said in many of their meetings, they’re meeting on a monthly basis so they have the opportunity to continue, to halt, or to even reverse the cuts as required by the market,” Oil Market Division Head Troil Bosoni of IEA explained. “So for now, we think that the market is looking relatively well balanced for the remainder of this year.” OPEC and Russia reportedly planned to keep oil prices around $70,000 per barrel and possibly reduce output if global demand fell again.
Julie Fass has been running her downtown Toronto store, Ziggy’s At Home, for 15 years. She says she has never had to deal with as many product delays as she’s dealing with now. “I have some orders that were placed back in May or even before then and now I’m looking at November-December arrivals, which really cuts it close for Christmas. And I’ve totally lost those summer sales,” Fass tells Global News. She describes it as a “big hassle” she doesn’t have much bandwidth for these days. Fass is juggling the demands of a family life, which includes a young son, new COVID-19 protocols, and now, “staying on top of suppliers” and trying to pinpoint ever-expanding shipping dates. The deepening shipping container crisis is to blame for the added headaches, delays and costs being felt by store owners across Canada. And retail experts say that given multi-month lead times for getting international goods to our shores, it will likely lead to increased costs to consumers during the holiday season.
Alberta power prices are on track to hit their highest average level in more than two decades, jolting businesses and consumers into searching for ways to keep rising electricity bills in check. Wholesale power prices in Alberta have soared this year, averaging $142 per megawatt-hour (MWh) on Thursday — and $103.51 for the year to date, according to data from the Alberta Electric System Operator (AESO). This is more than double the average Alberta Power Pool price of $46.72 per MWh that was recorded in 2020, and the highest annual price since 2000. Industry experts and electricity officials say a number of factors are propelling prices upward. “Now, we are in a period where we still have plenty of supply, but we have seen some retirement and seen some (generating plants) come offline and some of the really big additions haven’t yet come online… “We are not worried there is a structural issue in our market.”
Growing vegetables and fish together in a confined space, and without fertilizers and pesticides. Is this the future of food production? Like a shimmering purple spaceship, the glowing greenhouse stands in the middle of an old dairy factory in an Eindhoven industrial park in the Netherlands. It can’t fly — but, if the founders of the startup Phood Farm have their way, their business will soon take off. They hope the future of agriculture will be birthed here. The method used by the five young founders to grow up to 200 kilograms (440 pounds) of lettuce per week on an area smaller than a tennis court is called aquaponics — a combination of aquaculture, or fish farming, and hydroponics, which is growing vegetables in water without soil. The two systems together create a highly resource-efficient water and nutrient cycle.
Pension funds say oil and gas investments can be leveraged in transition to cleaner energy. Canada’s biggest public pensions continue to invest heavily in fossil fuels despite rising concerns about climate change, according to a new report. The Canada Pension Plan’s (CPP Investments) total fossil fuel investments across its entire portfolio have increased from $9.9 billion in 2016 to $11.6 billion in 2020, according to the report by Canadian Centre for Policy Alternatives, a left-leaning research group. In the report, the researchers noted that they did not know where and how all the investments had been allocated, and instead focused on the changes in the number of shares invested in oil and gas. The researchers found that the number of shares in companies involved in oil and gas held by the CPP by the end of 2020 was 7.7 per cent higher than at the beginning of 2016.