Designated Bicycle Trail Opens

first_imgA newly designated bicycle trail in the Five Bridge Lakes Wilderness area of Halifax Regional Municipality officially opened today, Oct. 7. The trail is near Tantallon. “This is the first time that a bicycle trail has ever been designated in a wilderness area in the province,” said MLA Iain Rankin, on behalf of Environment Minister Margaret Miller. “This pilot project will help the department understand the needs and impacts of cyclists and the interaction with other users along a multi-use trail.” The Department of Environment recently designated 12 kilometres of an existing all-terrain vehicle trail for bicycle use within the area. Prior to this designation, the trail could only be used with all-terrain vehicles by members of one of the 43 clubs that are part of the All-Terrain Vehicle Association of Nova Scotia. The department received the request for this bicycle use designation from the Five Bridge Lakes Wilderness Area Stewardship Coalition and the association, which manages the trail. Bicycle use is only permitted in wilderness areas on trails designated for that purpose. “The new designation not only gives the land more recreational value, it can provide another loop to the trail system that promotes Nova Scotia as an ecotourism destination,” said Tom Musial, chair of the coalition. “It has potential to engage the cycling community as another participant in the maintenance of the roads.” The Five Bridge Wilderness Heritage Trust has also been a key stakeholder in the designation. “I am proud of all of what trust has accomplished starting with successfully protecting the land in 2011,” said Mr. Rankin. “Because of its efforts, not only will this land remain undeveloped for future generations to enjoy, but access to this incredible area will be improved because of these types of partnerships. “We are very fortunate to have an opportunity to open access routes for recreational modes of transportation.” Five Bridge Lakes Wilderness Area protects nearly 8,600 hectares of near-urban Crown lands between Highway 103 and Route 333.last_img read more

Magna pays Frank Stronach 473million in 2012

AURORA, Ont. — Auto parts company Magna International Inc. paid founder Frank Stronach a total compensation package worth nearly $47.3-million in 2012, up from nearly $41-million in 2011.[np_storybar title=”Where’s the public outrage over sky-high CEO pay?” link=”https://business.financialpost.com/2013/03/28/say-on-pay-gets-vote-of-approval/”%5D The annual sticker shock of CEO pay may be wearing off. As Canadian companies head into proxy season, so far there seems to be less public outrage over executive compensation. Could it be that a decade of frantic governance reforms has curbed, even slowed, the pace of executive pay increases? Is the public so inured to these stratospheric salaries and bonuses, they’re no longer a lightning rod for protest? Continue reading. [/np_storybar]Stronach, who resigned from the Magna board last year, was paid $44.3-million in a cash profit sharing bonus, a $2.3-million consulting fee, $107,000 for company vehicles and $609,000 for personal use of corporate aircraft, according to regulatory documents filed ahead of the company’s annual meeting.That compared with a $68,000 in salary, a $38.1-million cash profit sharing bonus, a $2.3-million consulting fee, $101,000 for company vehicles and $414,000 in personal use of corporate aircraft in 2011.In 2010, Stronach gave up control of the company and became a consultant with Magna.As part of the deal, he earns a percentage of the company’s profits.The payments are being gradually phased out and will be eliminated at the end of 2014.Meanwhile, the documents show that Magna chief executive Donald Walker earned a total of $16.9-million, up from $15-million.In 2012, Walker earned a salary of $325,000, $5.4-million in share-based awards, $2.7-million in option-based awards, an $8-million cash bonus plus $376,000 in other compensation.That compared with a salary of $310,500, $3.5-million in share-based awards, $3.9-million in option-based awards, a $6.9-million cash bonus plus $383,000 in other compensation.Magna is one of the world’s largest auto parts suppliers with more than 300 factories and 88 product development, engineering and sales centres around the world.The Canadian Press read more