Fortune Business Insights recently valued the global water and wastewater treatment market at US$301 million in 2022. The same report forecasts that this market will deliver a compound annual growth rate (CAGR) of 7.5% from 2022 through to 2030, capping the market value out at US$536 billion. This is a market that is well worth seeking exposure to.
Osoyoos’s drinking water to get a $9-million upgrade
The project will include the construction of a raw-water line to treat groundwater in Osoyoos, which is not currently treated and is high in manganese. The province said these upgrades will allow the water to be properly disinfected with chlorine and ultraviolet systems. The upgrades are expected to meet the Guidelines of Canadian Drinking Water Quality and Interior Health’s drinking water standards.
Canada continues investing to protect nature and freshwater in Ontario
Today, the Minister of Environment and Climate Change, the Honourable Steven Guilbeault, announced over $11.7 million to support the Ontario Land Trust Alliance to conserve wetlands, grasslands and forests that are currently under threat. Spanning much of the province, the projects will protect from conversion up to 6000 hectares. The projects will also restore another 300 hectares of habitat that supports 60 species at risk, including the Kirtland's Warbler. In addition to protecting species at risk and important ecosystems in people's neighbourhoods, these projects will help keep our air clean and fight climate change, by capturing and storing carbon.
Government of Canada investing $71 million in infrastructure funding for Parks Canada
Through this federal investment, Parks Canada will continue to improve critical infrastructure in communities, maintain high standards for visitors, and enhance safety on the highways and roadways that take the public and visitors to and through the mountain national parks. In the Lake Louise area, critical repairs to community water and sewer infrastructure will improve service quality for residents, stakeholders and visitors, while the redesign of Lake Louise Drive will improve safety and visitor experience.
Government of Canada investing $25 million in infrastructure funding for Parks Canada
Priority road and bridge improvements in Gros Morne National Park and L’Anse aux Meadows National Historic Site to ensure safe travelling experiences. The network of protected areas administered by Parks Canada is a gateway to nature, history, and 450 000 km² of memories from coast to coast to coast. Investing in these locations helps support the protection of natural and built heritage, increases climate resiliency and creates jobs in local communities, while providing visitors with high-quality, safe and meaningful experiences across the country.
Province Announces New Protected Areas, Funding to Protect More Land
The Province is investing an additional $20 million to help protect more of Nova Scotia’s land and water and designating another 9,300 hectares of Crown land for the benefit of Nova Scotians and the environment. Environment and Climate Change Minister Timothy Halman made the announcements today, December 12, in Middle Sackville near the newly designated Sackville River Wilderness Area. It covers about 800 hectares of mature forests, wetlands, lakes and waterways. This protected area will help conserve the Sackville River, the Pockwock watershed, which provides communities with drinking water, and recreation areas.
Communities in the Comox Valley Regional District to benefit from cleaner, more reliable drinking water
The governments of Canada and British Columbia recognize how important investing in modern reliable water services is to building healthy sustainable communities. Today, Marco Mendicino, Parliamentary Secretary to the Minister of Infrastructure and Communities, on behalf of the Honourable François-Philippe Champagne, and Ronna Rae Leonard, Member of Legislative Assembly for Courtenay–Comox, on behalf of the Honourable Selina Robinson, B.C. Minister of Municipal Affairs and Housing, announced more than $62.8 million in federal-provincial funding for a new drinking water treatment plant in the Comox Valley Regional District (CVRD).