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Avnet Inc V.AVT


Primary Symbol: AVT

Avnet, Inc. is a global electronic component technology distributor and solutions provider. It markets, sells, and distributes electronic components from electronic component manufacturers, including semiconductors, interconnect, passive and electromechanical components, and other integrated and embedded components. Its primary operating groups include Electronic Components (EC) and Farnell. EC serves a variety of markets ranging from industrial to automotive to defense and aerospace. EC offers an array of customer support options throughout the entire product lifecycle, including turnkey and customized design, supply chain, programming, logistics and post-sales services. The Farnell operating group primarily supports lower-volume customers and distributes a portfolio of kits, tools, electronic components, industrial automation components, and test and measurement products to both engineers and entrepreneurs, through an e-commerce channel. It also distributes new product introductions.


NDAQ:AVT - Post by User

Bullboard Posts
Post by cohoeon May 30, 2013 8:44am
231 Views
Post# 21459906

Bill C-38. A Can of Worms.

Bill C-38. A Can of Worms.

Analysis
What Bill C-38 means for the environment
The 2012 budget bill (Bill C-38) will weaken Canada’s most important environmental laws and
silence Canadians who want to defend them. Instead of using the usual process for sweeping
changes, which allows for thorough debate, these changes are being shoehorned into a 452-
page budget bill.
The changes amount to:
• weakened protection for fish and species at risk;
• an entirely new — and less comprehensive — environmental assessment law;
• broad decision making powers for Cabinet and Ministers; and
• less accountability and fewer opportunities for public participation.
What follows is a list of the TOP 10 items of environmental concern in the budget bill.
1. Changes to the Fisheries Act mean that the law may no longer protect all fish and
the waters where they live.
The new protection framework could exclude many fish and watercourses. Generally,
habitat protection will only include permanent alteration or destruction of “commercial,
recreational or aboriginal fisher(ies)” habitat and some activities will be exempt from the
law regardless of how much damage they cause. The federal government will also be
able to hand over the power to authorize destruction of fish habitat to provincial
governments or other entities, which is worrisome.
2. No maximum time limits on permits allowing impacts on species at risk.
This means that there will no longer be any guaranteed review to evaluate ongoing
impacts to endangered species. These potential ‘perpetual’ permits could continue even
where there is a drastic decline in the population of a species affected by the permitted
activity.
3. The National Energy Board (NEB) will be exempted from species at risk
protections.
The NEB will no longer have to ensure that measures have been taken to minimize
impacts on the critical habitat of at-risk species before the NEB approves a pipeline or
other major infrastructure. For example, there is no guarantee that an environmental
assessment will consider the impacts of a proposed pipeline project and related oil
tanker traffic on the habitat of endangered orca whales before the NEB issues a
certificate approving that pipeline.
Prepared by West Coast Environmental Law and Ecojustice
Published May 2012
4. The Canadian Environmental Assessment Act is being replaced with a new Act
that will significantly narrow the number of projects that will be assessed for their
environmental, social and economic impacts.
Assessments, when they happen, will be less rigorous and subject to time limits that will
place further constraints on public and First Nations’ participation. The new Act will apply
only to “designated projects,” but we don’t yet know what those will be. The new Act
gives the Environment Minister and government officials broad decision-making power:
The Canadian Environmental Assessment Agency would be able to exempt a
designated project from even going through the assessment process.
5. The federal government is offloading responsibilities to the provinces.
This is troubling because the patchwork of environmental laws and policies at the
provincial level leave doubt as to whether they can act as a sufficient or legally
defensible substitute for federal oversight. Prime examples of this offloading include
shifting responsibility for implementation or enforcement of the Fisheries Act to provinces
and eliminating many federal environmental assessments.
6. Cabinet is now granted authority to override a “no” decision of the National
Energy Board.
This may allow politics of the day to trump an independent, objective process and
undermine the NEB’s expertise.
7. No more joint review panels.
Where a major energy project will be subject to an NEB hearing, a Canadian
Environmental Assessment Agency-enabled review panel is prohibited, so there will be
no more joint review panels. Thus, the environmental implications of major energy
projects will now be evaluated only by the energy regulator.
8. Broad decision-making powers are being shifted from the public realm and given
to Cabinet and individual Ministers.
This means decisions related to fish habitat protection and environmental assessments
will be allowed to be made behind closed doors with minimal public scrutiny.
9. Significant narrowing of public engagement in resource review panel hearings,
particularly for major oil projects, pipelines and mines.
In order to participate, people will have to prove they will be directly affected or have
relevant information or expertise. In some cases, their contributions may still be ignored.
10. Repeal of two important environmental laws.
The repeal of the Kyoto Protocol Implementation Act, means no more domestic
accountability measures on climate change and the repeal of the National Round Table
on Environment and Economy Act will phase out this valuable advisory body completely.

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