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Aecon Group Inc T.ARE

Alternate Symbol(s):  AEGXF

Aecon Group Inc. is a Canada-based construction and infrastructure development company. The Company delivers integrated solutions to private and public sector clients throughout Canada and other countries. It operates through two segments within the infrastructure development industry: Construction and Concessions. Its Construction segment includes all aspects of the construction of both public and private infrastructure, primarily in Canada, and internationally and focuses primarily on the civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure and industrial infrastructure. Its Concessions segment include the development, financing, build and operation of construction projects primarily by way of public-private partnership contract structures, as well as integrating the services of all project participants. The Company’s projects include Annacis Water Supply Tunnel, Bell Canada Gigabit Fiber Service, Finch West LRT, and others.


TSX:ARE - Post by User

Post by zutfieon Sep 23, 2023 9:28pm
374 Views
Post# 35650975

2023-09-20 09:23 ET - In the News

2023-09-20 09:23 ET - In the News

 

Post says Aecon well positioned for climate contracts

 

2023-09-20 09:23 ET - In the News

 

The Financial Post reports in its Wednesday edition that climate resilience has emerged as a key theme shaping government policies and transforming markets. Guest columnist Aman Budhwar writes that a recent report by Blackrock Investment Institute estimates extreme weather -- the fires, hurricanes, floods, and tornadoes that have been front-page news all summer -- could clip more than 5 per cent from economic activity by 2050, even as the low-carbon transition evolves. Current and future investment decisions need to factor in the various effects of policy, production, consumption patterns and capital allocation during the transition to a low-carbon world. Many companies are poised to benefit from the clean energy transition and some of them are in Canada. Mr. Budhwar notes, for example, that Aecon Group is positioned to harness opportunities from the transition to a net-zero economy. Sixty per cent of its revenue in 2022 was tied to sustainability projects, including utilities (grid modernization, energy storage), civil and industrial (water distribution and management, hydroelectricity), nuclear (small modular reactors, refurbishment and decommissioning), and urban transport (light rail, high-speed rail).

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