
Provincial clean power action plan shows government is serious about getting things built: New Economy Canada
Vancouver, B.C., May 05, 2025 (GLOBE NEWSWIRE) — In response to the release of
the Energizing our economy: B.C.'s Clean Power Action Plan
, Alexa Young, New Economy Canada's Vice President, said:
'With this Action Plan, the Government is demonstrating that it's taking seriously getting more clean power projects, electricity infrastructure and technology projects built. Amid the current trade war and global geopolitical instability, access to clean power is core to our energy and economic security, and national sovereignty. Now more than ever, we must take concrete steps to meet fast-growing demand for clean electricity to power homes, small businesses, manufacturing plants, mines, transportation fleets in every corner of the province.
The actions outlined today, including a second call for clean power, are positive steps in ensuring we have the clean power and infrastructure we need to attract investment and power and grow our economy – reliably and affordably.
As the provincial government and BC Hydro implement these actions, New Economy Canada urges a laser focus on communicating timelines for these plans as well as ensuring steps are being taken to recruit, train and retain the electricians, line technicians, construction workers and other British Columbians that are going to be needed to get the job done'.
About New Economy Canada:
New Economy Canada is a non-partisan initiative uniting business, labour, and Indigenous leaders committed to driving Canada's economic transition. Our members represent diverse industrial sectors acting now to unlock the power of resilient and affordable clean energy and technology to grow investment and jobs. A full list of our members can be found at
neweconomycanada.ca
.
Our quickly growing membership employs or represents over 410,000 workers and generates annual revenues of over $200 billion CAD.
For further information, please contact:
Rebecca Spring, Director of Communications
New Economy Canada
rebecca.spring@neweconomycanada.ca
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
Palantir Stock Soars 85% in 2025; Defense Role Grows Amid Israel-Iran Conflict
Palantir Technologies (PLTR, Financials) is up 85% year to date as rising Middle East tensions spotlight its expanding role in defense intelligence. The software firm's battlefield decision-making tools and government contracts are drawing investor interest, with analysts debating whether the rally still has legs. The recent conflict between Israel and Iran has intensified demand for AI-driven military solutions; Palantir is already a known partner of Israel's defense ministry and a key U.S. government contractor. In Q1 2025, the company reported 39% revenue growth, led by a 55% jump in U.S. sales. Its commercial U.S. business also crossed a $1 billion run rate for the first time. Still, Palantir's valuation is a sticking point; its forward price-to-earnings ratio stands at 240ten times the sector median. While Loop Capital raised its target from $130 to $155, calling the company a software leader in enterprise AI, Citi warned of overvaluation and pointed to uncertainty around major defense deals. Wall Street remains divided. The stock holds a Hold consensus based on 3 Buys, 10 Holds, and 4 Sells. The average price target is $104.27, implying a 25.5% downside. This article first appeared on GuruFocus.
Yahoo
4 hours ago
- Yahoo
The 5 Most Interesting Analyst Questions From CACI's Q1 Earnings Call
CACI International delivered a first-quarter performance that surpassed Wall Street expectations, as the company benefited from increased demand in defense, intelligence, and IT modernization solutions. Management highlighted that robust customer activity in key national security areas underpinned the quarter, pointing to resilient demand for software-defined capabilities and successful execution on large contract awards. CEO John Mengucci attributed the strong results to 'investing ahead of need' and aligning the company's portfolio with evolving government priorities, especially around software-driven modernization. The company's backlog growth and high book-to-bill ratio reflected ongoing momentum in securing new work, while the operational focus on agile software development was cited as a differentiator in winning recent programs. Is now the time to buy CACI? Find out in our full research report (it's free). Revenue: $2.17 billion vs analyst estimates of $2.13 billion (11.8% year-on-year growth, 1.5% beat) Adjusted EPS: $6.23 vs analyst estimates of $5.60 (11.3% beat) Adjusted EBITDA: $253.5 million vs analyst estimates of $233.5 million (11.7% margin, 8.6% beat) The company slightly lifted its revenue guidance for the full year to $8.6 billion at the midpoint from $8.55 billion Management slightly raised its full-year Adjusted EPS guidance to $24.56 at the midpoint Operating Margin: 9.1%, in line with the same quarter last year Backlog: $31.4 billion at quarter end, up 9.8% year on year Market Capitalization: $10 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Scott Mikus (Melius Research) asked about changes in customer behavior since the administration change; CEO John Mengucci replied that contract growth has remained steady and RFP activity signals continued award flow. Joshua Korn (Barclays) inquired about the impact of Department of Government Efficiency (DOGE) reviews; Mengucci emphasized only minimal disruption and highlighted CACI's alignment with efficiency goals. Tobey Sommer (Truist Securities) probed on areas of greatest funding opportunity; Mengucci identified electronic warfare, border security, and IT modernization as primary growth avenues. Sheila Kahyaoglu (Jefferies) questioned how administrative slowdowns affect contract flow; CFO Jeff MacLauchlan acknowledged mild delays in administrative processes, but said disruptions remain manageable. Mariana Perez Mora (Bank of America) explored the M&A landscape and seller appetite; Mengucci and MacLauchlan explained that deal flow remains opportunistic, with seller valuations still a constraint in the current environment. In the coming quarters, our team will monitor (1) the pace and success of new contract awards from CACI's large pipeline, (2) the integration results and operational benefits from recent acquisitions like Azure Summit, and (3) progress on scaling optical communications terminal production and other high-growth technology programs. Policy developments and budget appropriations in defense and homeland security will also be key signposts for ongoing demand. CACI currently trades at $452.66, up from $423.79 just before the earnings. At this price, is it a buy or sell? The answer lies in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 hours ago
- Yahoo
Government Contractors Recruit Fewer Prospects
Thousands of private government consultants laid off during the Trump administration's cost-cutting crusade are increasingly flooding a shrinking labor market. Bloomberg's Rachel Phua has more on the story.