The GNWT released their long-awaited 2030 Energy Plan Tuesday afternoon.
The plan aims to reduce territorial greenhouse gas emissions to 30 per cent below the territory's levels in 2005.
While no detailed initiatives were announced, the government did outline a number of projects that it hopes to have funding approval for later this year.
These projects would be funded through a bilateral agreement with Infrastructure Canada that will provide the territorial government with up to $250 million.
Those funds will be given to different projects upon approval by the federal government.
– Dylan Short
Alert Ready gets ready to roll
Cellphones, tablets and other portable devices will sound off next week to test Canada's new public emergency alert system.
Tests will be carried out in the North on Wednesday, May 9, stated a news release.
Signals will go to devices connected to an LTE network. The test will also be aired on TV and radio stations. It is all part of the national warning system known as Alert Ready, to warn the public of imminent natural disasters and Amber alerts.
– James O'Connor
Slave Geological road denied funding
A proposed all-season road through the resource-rich Slave Geological Province has been denied federal funding.
The Slave Geological Province Access Corridor would have connected Yellowknife to the Nunavut boarder and run close to Ekati and Diavik diamond mines.
The ultimate goal was for the road to connect to another proposed corridor in Nunavut that would extend to a deep-water port in the Arctic Ocean, stated a GNWT news release
A road through the Slave Geological Province has been on the territorial government's wish list for years.
Tom Hoefer, executive director of the NWT and Nunavut Chamber of Mines, told Yellowknifer it was "disappointing" that the GNWT's request for funding for a piece of "nation-building infrastructure" was turned down.
The GNWT is still waiting to hear back from Ottawa about whether the Mackenzie Valley Highway will be funded.
– James O'Connor
Record household debt ratio
The governor of the Bank of Canada spoke about Canada's household debt at the Explorer Hotel on Tuesday during an event hosted by the Yellowknife Chamber of Commerce.
Stephen S. Poloz said Canadian households owe more than $2 trillion, and mortgages account for about $1.5 trillion of this debt.
Household debt, which has been on the rise for about 30 years, has been a "growing preoccupation for the Bank of Canada" for a number of years, said Poloz. "That is because high debt levels can make us vulnerable to negative events – individuals and the entire economy."
"The average Canadian owes about $1.70 for every dollar of income he or she earns per year, after taxes," he said.
Poloz said this ratio breaks the Canadian record.
– Sidney Cohen