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Aggressive sales target needed to decarbonize trucks, buses: Pembina Institute

1 year ago

Aggressive sales target needed to decarbonize trucks, buses

A stringent sales standard and billions in infrastructure upgrades for Canada’s medium- and heavy-duty trucks and buses can drive the decarbonization of the country’s transportation sector, according to a report by the Pembina Institute.

TES Canada to build $4B Que. green hydrogen project

Montreal-based renewable energy firm TES Canada H2 will build a $4 billion green hydrogen project in Quebec that is expected to create 200 permanent jobs and reduce three per cent of the province’s carbon emissions by 2030.

Part of Northvolt plant project to be submitted to BAPE

Quebec's Office of Public Hearings on the Environment (BAPE) will assess part of Northvolt's mega-project for a battery cell plant east of Montreal. The Swedish company confirmed the information, saying its Revolt program would be subject to an environmental assessment.

Ottawa, Man. contribute $476M for clean-electricity projects

Manitoba Hydro will receive funds for two upgrades and expansions of its grid. About $314M to replace generating units at the century-old Pointe Du Bois hydroelectric power station and $161M for the Portage Area Capacity Enhancement project.

BlackRock places $760M bet on Occidental’s STRATOS

BlackRock Inc. will invest $760 million on behalf of clients in Occidental Petroleum’s (OXY-N) STRATOS, the world’s largest direct air capture plant under construction in Ector County, Texas. Occidental shares jumped by 1.7 per cent following the announcement.

Exro Technologies revenue hits $2M in Q3

Calgary-based cleantech company Exro Technologies Inc. (EXRO-T) has announced its financial results for the quarter ending September 30, 2023. Highlights include revenue of $2,032,669 compared to $131,251 for the same time last year.

PyroGenesis announces 2023 Q3 results

Montreal-based cleantech company PyroGenesis Canada (PYR-T) announced its financial and operational results for the quarter ending September 30, 2023. Highlights include: new project sales of over $6.5 million; revenue of $3.7 million; and EPS loss of $0.03.

Canada nears plan to limit oil and gas sector emissions

Speaking about Ottawa's promised cap on oil and gas sector emissions, Environment Minister Steven Guilbeault told a climate conference, ". . . by the end of the year, you will have a pretty good idea of how we will go about that.”

Michigan passes ambitious clean energy bill

Michigan’s Democrat-controlled legislature has passed a package of clean energy bills that includes one of the most aggressive state-level clean energy targets in the United States. The bill includes a mandate for 100 per cent carbon-free power by 2040.

California commercial carbon-sucking facility opens

The U.S. is getting its first commercial facility to soak up carbon dioxide from the ambient air for permanent storage, a technology that’s been both lauded as crucial in fighting climate change and derided as a distraction.

New multistory warehouse concept focuses on efficiency

Design firm Ware Malcomb recently presented a concept for a logistics building of the future. The concept, which the firm calls a “thought exercise,” places a premium on technology-driven efficiency and coordination and focuses on reducing the building’s carbon footprint.

Multifamily leads uptake of EV charger funds

Multifamily building owners and condominium corporations have claimed more than a third of the funds the Canadian government has thus far allocated through its Zero Emissions Vehicle Infrastructure Program to subsidize electric vehicle (EV) chargers made available to multiple users.

B.C.-based Helijet orders electric vertical-takeoff aircraft

Vancouver-based Helijet International has placed what it says is Canada's first order for an electric vertical-takeoff aircraft to add to its current fleet of passenger and cargo helicopters. The ALIA aircraft is built by Vermont-based BETA Technologies.

Climate change is impacting the home insurance industry

In the past, acquiring homeowners’ insurance didn’t present buyers much difficulty. As climate change increases the severity of extreme weather, insurers are raising premiums, or pulling out altogether, impacting the affordability and availability of home and fire insurance.

Filling the 'forgotten element' of the energy transition

An "alarming shortage" of clean energy and low carbon infrastructure projects in developing countries and emerging markets poses a major threat to meeting the global climate goals contained in the Paris Agreement, fresh research has warned.

How Kauai became a clean energy leader

It’s hard to find anywhere in the United States that has greened its electricity supply as quickly as verdant Kauai, Hawaii. And the people of Kauai achieved that on their own, through collective ownership of the electricity grid.

Global R&D funding: Nuclear is out, hydrogen is in

When it comes to global government R&D spending, the nuclear budget has fallen significantly since the 1980s. Funding for hydrogen, however, is growing in leaps. It reached $1.4 billion in 2005 and then $4.3 billion in 2022.

Greenwashing complaint filed against Coca-Cola, Danone, Nestlé

Consumer and environmental groups from 13 countries have filed a formal complaint to the European Commission that beverage companies Coca-Cola (KO-N), Danone, and Nestlé have falsely claimed their plastic water bottles are 100 per cent recycled or recyclable.

Business will be key to success of COP28 climate talks

Business will be central to the success of the COP28 climate talks but companies need to back up environmental and social pledges with firm action and money, according to special representative Badr Jafar. He expects at least 26 major deals.

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