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HOOPP unveils 2050 net-zero roadmap for its portfolio

1 year ago

HOOPP unveils 2050 net-zero roadmap for portfolio

Healthcare of Ontario Pension Plan (HOOPP) released its plan to reach net-zero emissions across its portfolio by 2050 through billions of dollars in green investments, engaging with companies where it has invested and excluding some direct fossil fuel funding.

Howland Green builds 'beyond net-zero' Aurora centre

Markham, Ont.-based developer Howland Green Homes Ltd. promises to deliver beyond net-zero with buildings that produce more energy than they consume – the latest being the Wellington East business centre in Aurora, Ont. planned for completion in September 2024.

LCR offers new model to fund clean energy transition

Low Carbon Royalties (LCR) is a new investment capital company committed to taking a pathbreaking approach to fund the clean energy transition. A key focus of the company is exploring the potential of deep sea mining for nickel.

Michelin to invest $300M in N.S. production facilities

Michelin has announced a $300-million investment in its three Nova Scotia production facilities, which will include the planned electrification of the manufacturing process. Michelin said the investments will aid the electric vehicle transition while reducing its environmental footprint.

Decarbonizing commercial assets is a still top priority even in unstable times

By now, it is fair to say that Environmental, social and governance (ESG) principles are here to stay and will contribute to the betterment of real estate holdings and property management.

Sponsored by: Kolostat & Krome

Anaergia commissions biomethane facility in Italy

Anaergia Inc. announced it has commissioned a new biomethane facility in northern Italy, expanding its extensive waste-to-biomethane platform in Europe. Anaergia says the plant can create 3.9 million cubic metres of biomethane and capture carbon dioxide.

N.L. company funded for beer recycling program

Ever Green Environmental is receiving $69,000 from the Newfoundland and Labrador government to develop a recycling process for unsellable beer. The company has been handling an increased volume of aluminum cans containing unsellable beer, which is typically discarded.

Businesses need more tax relief to go green: KPMG

Most medium-sized businesses in Canada are calling for additional tax incentives and investment tax credits to help with the green transition in the upcoming federal budget, according to a survey by KPMG Canada released Wednesday.

Canadian buildings scrutinized in OECD review

Artificially low electricity rates and indiscriminate dispersal of retrofit incentives could be undermining efforts to curb greenhouse gas emissions from Canadian buildings, a new report from the Organisation for Economic Co-operation and Development (OECD) contends.

B.C. announces new framework for fossil fuel projects

The B.C. government has implemented a framework aimed at ensuring oil and gas sector projects fit within its climate commitments. All proposed liquified natural gas facilities must pass an emissions test with a credible plan net-zero plan by 2030.

Canadian industry praises IRA ahead of federal budget

Canadian oil and gas companies are repeatedly referencing the U.S. Inflation Reduction Act (IRA) ahead of the 2023 federal budget, with industry leaders saying Canada needs to offer more carrots for emissions reductions projects to stay competitive.

U.K. plans ‘Green Day’ response to U.S. IRA

The U.K. government will announce a raft of environmental policies by the end of March in response to U.S. President Joe Biden’s massive package of green subsidies in the IRA, people familiar with the matter told Bloomberg News.

U.K. budget to back carbon capture and nuclear power

U.K. Chancellor Jeremy Hunt will pledge a “clean energy reset” next week, earmarking billions of pounds of investment for carbon capture technologies in his spring budget statement, while reaffirming government backing for the British nuclear sector.

U.S., EU seek united climate front against China

The presidents of the European Commission and the U.S. agreed to deescalate a multitrillion-dollar clean energy arms race after a White House meeting, with reached consensus on the U.S. and the European Union both needing to contain China's growth.

Silicon Valley Bank's collapse touches climate tech

U.S. cleantech looked like a bright spot after job cuts in the tech sector. The collapse of Silicon Valley Bank, on which the dust is just settling after a white-knuckle weekend, is throwing a wrench into that outlook.

U.S. solar developers scramble after SVB's fall

More than 1,550 community solar, battery storage, and hydrogen firms in the U.S. were rushing to regroup after last week’s collapse of the Silicon Valley Bank (SVB), which had issued them billions of dollars in operating loans.

Biden complicates climate legacy with Willow project

The Biden administration gave the green light to start construction on the Willow project in northern Alaska and set new protections against offshore and onshore drilling on 16 million acres of Arctic land, complicating the president's climate legacy.

Why global shipping can’t clean up its act

The shipping industry, a major global pollutor, has lagged behind in lowering its greenhouse gas emissions due to a practice of “sail fast, then wait.” But smarter, cleaner ways of managing travel and ports are making their way.

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