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Paris Climate Conference elicits cement leaders’ 1Gt emissions reduction plan

Sources: World Business Council for Sustainable Development (WBCSD), Cement Sustainability Initiative, Geneva; CP staff

Backed by 16 major producers—nine with significant North American market stakes—the WBCSD Low Carbon Technology Partnerships initiative (LCTPi) outlined at the UN Paris Climate Conference a Cement Action Plan to clip worldwide industry carbon emissions 20–25 percent by 2030.

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Road Builders: FAST stabilizes highway funding, bumps DOT purchasing power

Sources: American Road & Transportation Builders Association, Washington, D.C.; CP staff

An ARTBA analysis of the five-year, $305 billion Fixing America’s Surface Transportation Act (FAST) that President Obama signed December 4 notes: “While the total core highway investment increase during the [five-year] life of the bill will be just over 15 percent, yearly assessments are a better gauge of market impact.

Read more: Road Builders: FAST stabilizes highway funding, bumps DOT purchasing power

Sika Corp. parent pushes back hard on glass giant’s pursuit of a controlling stake

Sources: Sika AG, Baar, Switzerland; Saint-Gobain, Paris; CP staff

A year after an initial overture and subsequent Swiss agency and European Commission legal proceedings, Sika AG management remains steadfastly opposed to a stock transfer to global glass and building materials giant Saint-Gobain. Sika Chairman Dr. Paul Hälg calls the transaction “unparalleled in the world” and reiterates board concerns rooted in the bid’s structure: Saint-Gobain seeks the stake of the largest shareholder—the Burkhart family—amounting to 16.1 percent of shares, but vested with 52.4 percent of voting rights.

Read more: Sika Corp. parent pushes back hard on glass giant’s pursuit of a controlling stake