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Chrysler bankruptcy, endangered species
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April 30, 2009
Chrysler files for bankruptcy
Chrysler, North America’s third largest automaker, filed for Chapter 11 bankruptcy protection in the U.S. today and will enter into an alliance with the Italian automaker Fiat to stay in business. In a deal announced by U.S. President Barack Obama this morning, the U.S. and Canadian governments will give $10.5 billion US to support the troubled company, which is seeking protection from its creditors after failing to convince several hedge funds to write off its debts. Jerry Sheppard, an SFU Business associate professor specializing in corporate failure and survival, says the action will likely have a minimal impact on Chrysler operations in Canada, which remain fairly competitive compared to their American counterparts. Sheppard can comment on the Chrysler situation and elaborate on Chapter 11 of the U.S. Bankruptcy code, which has rules similar Canada’s Companies' Creditors Arrangement Act.
Jerry Sheppard, sheppard@sfu.ca, 778.834.6669 (cell); 778.782.4918
Feds failing at species protection: study
A study released today by a coalition of conservation groups finds that the federal government’s failure to enforce its 2002 Species at Risk Act has put at least 53 species at risk and could result in numerous extinctions. The report card released by Ecojustice, the David Suzuki Foundation, Nature Canada and Environmental Defence says the act has only protected one endangered species in the six years since it was implemented. SFU biologist Arne Mooers is an expert on endangered species and a co-creator of the website http://www.scientists-4-species.org/ which includes a guide to the Species At Risk Act. He can comment on both the report, the act itself and the government’s record on conservation.
Arne Mooers, 778.782.3979; skype: arnemooers; amooers@sfu.ca (best reached by email until early May)
Chrysler, North America’s third largest automaker, filed for Chapter 11 bankruptcy protection in the U.S. today and will enter into an alliance with the Italian automaker Fiat to stay in business. In a deal announced by U.S. President Barack Obama this morning, the U.S. and Canadian governments will give $10.5 billion US to support the troubled company, which is seeking protection from its creditors after failing to convince several hedge funds to write off its debts. Jerry Sheppard, an SFU Business associate professor specializing in corporate failure and survival, says the action will likely have a minimal impact on Chrysler operations in Canada, which remain fairly competitive compared to their American counterparts. Sheppard can comment on the Chrysler situation and elaborate on Chapter 11 of the U.S. Bankruptcy code, which has rules similar Canada’s Companies' Creditors Arrangement Act.
Jerry Sheppard, sheppard@sfu.ca, 778.834.6669 (cell); 778.782.4918
Feds failing at species protection: study
A study released today by a coalition of conservation groups finds that the federal government’s failure to enforce its 2002 Species at Risk Act has put at least 53 species at risk and could result in numerous extinctions. The report card released by Ecojustice, the David Suzuki Foundation, Nature Canada and Environmental Defence says the act has only protected one endangered species in the six years since it was implemented. SFU biologist Arne Mooers is an expert on endangered species and a co-creator of the website http://www.scientists-4-species.org/ which includes a guide to the Species At Risk Act. He can comment on both the report, the act itself and the government’s record on conservation.
Arne Mooers, 778.782.3979; skype: arnemooers; amooers@sfu.ca (best reached by email until early May)