The current economic downturn has meant a drop in commodity prices, including for recycled materials. Now Toronto is facing the prospect of warehousing their collected recycleables until the market improves.
"Toronto could end up stockpiling tonnes of unwanted plastic, paper or glass collected in the city's blue bins, waste officials warn, if the economic crisis forces recycling plants that buy the material to close.
Geoff Rathbone, the city's general manager of solid waste, said his department is drawing up contingency plans as a lack of demand for the products made from recyclables and the stunning drop in oil, pulp and metals prices puts some of the recycling plants the city deals with 'under significant stress.'
Sinking prices will likely also eat into the annual $28-million the city makes from selling recyclables and scrap metal: Its price for once-lucrative aluminum cans is down nearly 50 per cent from September to $1,100 a tonne.
But Mr. Rathbone said the real concern is that if the crisis continues for much longer, plants could shut down and leave Toronto with a growing inventory of recyclables that it is forced to rent expensive warehouse space to store."
FULL STORY: Economic crisis puts Toronto in recycling crunch
Is Riding Transit Necessarily Better For The Environment Than Driving?
In the third of a 5-part "Rethinking Green" series, the National Post casts doubt on public transit's ability to reduce global warming while praising driving; applying similar scrutiny to recycling and aquaculture in the first and second installments
Toronto Weighs Cheaper Transit, Parking Hikes for Major Events
Special event rates would take effect during large festivals, sports games and concerts to ‘discourage driving, manage congestion and free up space for transit.”
Toronto Condo Sales Drop 75%
In two of Canada’s most expensive cities, more condos were built than ever — and sales are plummeting.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Chicago’s Ghost Rails
Just beneath the surface of the modern city lie the remnants of its expansive early 20th-century streetcar system.
Amtrak Cutting Jobs, Funding to High-Speed Rail
The agency plans to cut 10 percent of its workforce and has confirmed it will not fund new high-speed rail projects.
Ohio Forces Data Centers to Prepay for Power
Utilities are calling on states to hold data center operators responsible for new energy demands to prevent leaving consumers on the hook for their bills.
MARTA CEO Steps Down Amid Citizenship Concerns
MARTA’s board announced Thursday that its chief, who is from Canada, is resigning due to questions about his immigration status.
Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant
A Caltrans grant brings the 10-mile Central Bikeway project connecting Santa Clara and East San Jose closer to fruition.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
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Learn the tools for implementing Universal Design in planning regulations.
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