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Recent Articles

Seneca College invests in sustainability goals

2 years ago

BIZ   •   • 

Seneca College has invested more than $500,000 in sustainable landscaping work at its Newnham campus as part of its wider Our Path Forward sustainability plan.

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A merger between Bluesource and Element Markets, called TPG Rise Climate, will make the entity the largest creator and marketer of carbon credits and environmental credits in North America. No financial details were reported.

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A recent surge in the energy sector could see Caisse de dépôt reduce its investments in oil producers. Vincent Delisle, head of liquid markets, says the investment group is shifting its focus to technology companies and other sectors.

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A sudden surge in methane emissions is threatening to undermine international efforts, worrying some scientists who say that the potent greenhouse gas could jeopardize hopes of meeting mid-century climate targets.

Energy Profiles

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The federal government has announced plans to invest $4.4 million to the Canadian Home Builders’ Association (CHBA) to enable energy efficiency in the residential sector across Canada. The project will fund deep energy retrofits in houses and low-rise residential buildings.

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Global real estate companies are rising to tackle the threat of climate change, but some are falling short when it comes to greenhouse gas emissions (GHG), as well as compliance and reporting. This is especially the case in India.

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A new “airborne wind energy” (AWE) system is turning the heads of experts who believe the technology could be a sign of the future. Launched last December, the AWE system currently generates enough energy to power up to 50 homes.

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Determining exactly what power outages cost society is crucial to future net-zero goals, according to a NARUC report. It suggests that in the first six months of 2021, eight climate disasters caused more than $29.4 billion in damage.

Anchor Corp

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Canadian Tire, Ivy Charging Network and ONroute have announced the opening of six new EV fast-charging stations, including two near Cambridge, Ont. A total of 23 EV chargers stations will be installed at ONroute stations by the summer of 2023.

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EVgo Inc. and Toyota have agreed to provide drivers of the new 2023 Toyota bZ4X battery-electric SUV with free charging at EVgo stations for one year. Customers who purchase or lease the new EV are eligible.

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DHL has announced it will equip its fleet with 67 solar panels to reduce CO2 emissions by 1,000 kilograms per year for each vehicle. Expected to lower fuel and maintenance costs, the move will reduce all logistics-related emissions by 2050.

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Worley, ABB, and IBM have combined forces to help energy companies build and operate green hydrogen facilities efficiently and at scale. Worley will provide engineering; ABB will provide offerings for electrical infrastructure; and, IBM will provide systems integration services.

Social Purpose Real Estate Financing

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California has become the first U.S. state to adopt a microplastics reduction policy. Created in response to its plastics pollution issue to improve its coastal and ocean health, the 37-page strategy will contain case studies, policy prescriptions, and monitoring methods.

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Hasbro has announced that it will set both near-term and long-term science-based targets in 2030 and 2050, respectively. The company plans to eliminate virtually all plastic from new product packaging by the end of 2022.

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The tech industry will be a key player in moving ESG forward, according to a report from Jeffries. With the amount of connectivity needed to power smart applications, electric vehicles, microgrids and more, tech companies could help streamline operational processes.

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FigBytes, a data research company that helps companies track and fulfill ESG goals, has teamed up with Toyota Tsusho to help it meet its net-zero targets by 2050. It’s one of the many insight companies stepping up on ESG.

RealCapital

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Over the next three decades, the cost of flood damage could rise 26 per cent due to climate change alone, according to a report. It also found that the increase in U.S. flood losses could be four times higher.

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The largest-ever U.S. sale of offshore wind development rights – for areas off the coasts of New York and New Jersey — is officially underway. The 114-acre (46 hectares) area can produce power for more than 485,000 homes.

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Approximately 85 per cent of respondents believe the industry is doing enough to reach net-zero by 2050; however, segments of senior executives at UK construction firms say a lack of access to sustainable materials could compromise net-zero goals.

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Svart, the first off-grid luxury resort, is being developed in Norway. The hotel will save 85 per cent of its annual energy consumption, and will feature a sustainable fish farm, water- and waste-management systems, and heat recycling from data centres.

Industry Events

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