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Deep Sky's first major sale: 10,000 carbon removal credits to RBC, Microsoft
Deep Sky sells carbon removal credits to RBC, Microsoft
Royal Bank of Canada (RBC) and Microsoft are among the first buyers of carbon removal credits from Montreal-based Deep Sky, paying to remove 10,000 tonnes of carbon dioxide from the atmosphere.
CIB closes $35M deal on Indigenous solar project
The Canada Infrastructure Bank (CIB) has reached financial close with Nlaka'pamux Nation Tribal Council and BluEarth Renewables on a $35-million loan to build the quA-ymn Solar Project near Kamloops, B.C.
Honouring Ontario's best in climate-friendly construction
From a towering mixed-use project in Toronto to a straw bale health centre in Kawartha, buildings and organizations pioneering the adoption of low-carbon materials and design were unveiled at the 2024 Ontario Embodied Carbon Awards.
Exro reports record quarterly revenue
Calgary-based Exro Technologies Inc. (EXRO-T) reported financial results for Q3. The company saw record quarterly revenue of $11 million. Exro was also required to complete an impairment test for the quarter, resulting in an expense of $211 million.
Boralex reports Q3 operating income of $7M
Montreal-based Boralex Inc. (BLX-T) reported operating income of $7 million for Q3, down $6 million from Q3 2023. Net cash outflows related to operating activities for Q3 were $184 million, compared to inflows of $1 million in Q3 2023.
Next Hydrogen reports Q3 results
Mississauga-based Next Hydrogen Corp (NXH-X) reported revenue of $120,407 for Q3. Net loss and comprehensive loss for the quarter was $3.9 million. Cash balance as of Sept. 30 was $3.2 million.
Cable failure behind Q3 loss for Northland Power
Northland Power Inc. (NPI-T) "third quarter results were negatively impacted by the Gemini cable outage and lower offshore wind production," interim president and CEO John Brace said. Net loss for Q3 was $191 million. Sales decreased to $491 million.
Anaergia quarterly revenue decreases 15% year-over-year
Burlington, Ont.-based Anaergia Inc. (ANRG-T) reported Q3 revenue of $29 million, 15 per cent lower than Q3 2023. Net loss for the quarter was $15.6 million, compared to $30.6 million in Q3 2023.
HydroGraph appoints Kjirstin Breure as new CEO
Vancouver-based HydroGraph Clean Power Inc. (HG-CN) has named Kjirstin Breure as CEO of the company. Breure has served as board director and president of HydroGraph since January 2022, and as interim CEO since March.
Ontario to add 1,300 EV chargers in smaller communities
Some 1,300 electric vehicle (EV) charging ports are being built at 270 sites across Ontario in underserved communities, Stephen Lecce, the province's minister of energy and electrification, announced Tuesday. There are currently 10,690 public EV charging ports in the province.
Availability, waning demand improve EV affordability
OPINION: While EV purchase intent has dipped again this year, other factors, such as increased supply, declining prices and sales growth offer positive signals for EV adoption, according to Baris Akyurek, vice-president of insights and intelligence at AutoTrader.
Is it a tenant's right to charge an EV at their rental?
An Ottawa man feels it's his right to charge his car overnight at his apartment building since electricity is included in his rent, but his building owner disagrees, saying it isn't its responsibility to pay for his drive to work.
Quebec flood map sparks concerns for real estate market
The Quebec Professional Association of Real Estate Brokers said the province's new flood zone affects 77,000 properties, potentially impacting property values, complicating insurance coverage and destabilizing the market. The new flood zone now covers 55,000 more properties than before.
Exxon CEO pushes back on Trump anti-climate change plans
The chief executive of Exxon Mobil Corp. (XOM-N) discouraged U.S. president-elect Donald Trump from withdrawing the U.S. from the Paris climate pact, arguing that would mean forfeiting a chance to push for “common sense” carbon-cutting policy on the world stage.
Ivory Coast to establish $500M green-financing facility
Ivory Coast is setting up a US$500-million green-financing facility to catalyze funding to combat climate change. The facility is backed by the African Development Bank and the Climate Investment Funds.
Global carbon emissions rise, pushing world toward warming threshold
Carbon dioxide emissions from fossil fuels inched higher in 2024 and are estimated to set a record, further jeopardizing the planet’s prospect of meeting a key goal set by the 2015 Paris Agreement to limit global warming.
Delta’s big plans for SAF need incentives up and down supply chain
Delta Air Lines pledged in 2021 to use sustainable aviation fuel (SAF) for at least 10 per cent of the fuel filling its planes by 2030. It's pushing for U.S. state and federal incentives that make SAF production more economical.
How New York can get on track to meet its big clean energy goals
State law requires New York to get 70 per cent of its power from clean sources by 2030. The state is falling short of that goal — but advocates say it’s still within reach.
World’s worst air pollution in Lahore reaches new record
Sensors have recorded an air quality index of 1,300 in Lahore, Pakistan, the highest this year and well beyond a level of 50 that is deemed safe. Lahore has been the world’s most polluted city for most of November.
Industry Events
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Sustainable Finance Forum 2024
Nov 28 2024
to Nov 29 2024
Shaw Centre, Ottawa
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Zero Carbon Building Standards Interactive Workshop
Dec 10 2024
to Dec 12 2025
Online
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FCM’s Sustainable Communities Conference 2025
Feb 10 2025
to Feb 13 2025
Fredericton, NB
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GlobeXchange
Feb 11 2025
to Feb 14 2025
Sheraton Centre Toronto Hotel
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BuildGreen Atlantic 2025
Apr 28 2025
to Apr 29 2025
Halifax, NS
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Building Lasting Change
Jun 18 2025
to Jun 20 2025
Vancouver, BC
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