With sales tax revenues plummeting because of the pandemic, many cities will face bankruptcy – and that could affect everything from retirees’ pensions to whether roads get fixed.
Bond investors have shown a preference for funding cities’ green projects.
AP Photo/Mark Lennihan
New research suggests investors expect cities will have to prioritize funding for efforts to combat and adapt to climate change in the future.
A dilapidated house in the northern Ontario First Nation of Attawapiskat is seen in April 2016. The parliamentary budget officer says it will cost more than $3 billion to bring First Nations water infrastructure up to standards seen in comparable non-Indigenous communities.
THE CANADIAN PRESS/Nathan Denette
If we continue to shut Indigenous communities out of the modern economy, critical infrastructure projects will continue to be delayed and natural resources will remain stuck in the ground.