Nicole Hancock
Indigenous community hosts full moon ceremony ...

Kristen Villebrun and Wendy Bush hoped they wouldn't have to pray for Chedoke Creek, but four years after they first raised alarm about the water's condition, they were part of an Indigenous full moon ceremony to do just that. About 50 people showed up near Princess Point on the dark and frigid Monday evening for the monthly ceremony, which was particularly special as it focused on Chedoke Creek. The body of water that runs into Cootes Paradise had about 24 billion litres of sewage and storm water runoff leak into it due to a gate being left open.

Indigenous community hosts full moon ceremony to heal Chedoke Creek

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Two Canadian pension plans risk reputation hit from investments in troubled Thames Water

Two Canadian pension plans risk reputation hit from investments in troubled Thames Water

A troubled water utility company in the United Kingdom that counts two of Canada’s biggest public pensions as large shareholders is facing regulatory scrutiny and fines for sewage leaks and could require a financial bailout. The Ontario Municipal Employees Retirement System (OMERS) and British Columbia Investment Management Corporation (BCI) own 31.8 per cent and and 8.7 per cent of Thames Water, respectively. Analysts at DBRS Morningstar said in a July 5 report that OMERS and BCI are expected to weather the storm with minimal financial damage given their size,  diversification and long-term performance — even if Thames Water were to collapse — but there is reputational risk for the Canadian pensions, which could affect future investment opportunities.

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