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CDPQ to acquire renewables company Innergex in $10B deal

2 weeks ago

CDPQ to acquire renewables company Innergex in $10B deal

Pension fund Caisse de dépôt et placement du Québec (CDPQ) will be acquiring Longueuil, Que.-based renewable energy producer and developer Innergex Renewable Energy Inc. (INE-T) in a deal valuing Innergex at $10 billion, including debt.

Dispersa raises $5.8M to make surfactants more sustainable

A $5.8-million seed round will help Laval, Que.-based Dispersa increase production of a food waste-derived chemical used widely in cleaning supplies and advance toward commercial-scale production.

CABN goes commercial with net-zero prefab building

CABN, a company behind a catalogue of prefabricated sustainable homes, is taking its first step into the commercial sector with a 2,400-square-foot facility for National Car Rental in Trenton, Ont.

Brookfield buys National Grid's renewables for $1.7B

U.K.-based National Grid Plc agreed to sell its U.S. onshore renewables business to Brookfield Asset Management (BAM-T) for US$1.7 billion after U.S. President Donald Trump vowed to curb the growth of green electricity.

PyroGenesis signs $2.4M contract with Norsk Hydro

Montreal-based PyroGenesis Inc. (PYR-T) has signed a $2.4-million contract with aluminium and renewable energy company Norsk Hydro ASA as part of its plan to test plasma technology as a way to replace fossil fuels with renewable alternatives.

Anaergia announces start of OTCQX trading in the U.S.

Burlington, Ont.-based Anaergia Inc. (ANRG-T) began trading its common shares Monday on the OTCQX Best Market under the ticker symbol ANRGF. Anaergia's common shares will continue to trade on the Toronto Stock Exchange under the symbol ANRG.

Canadian pension funds should have a climate mandate

OPINION: Canada’s pension funds should consider whether their investments serve not just existing beneficiaries but future ones as well. On top of their other requirements, these funds should have a climate mandate.

Canada and the U.S.: A tale of two climate policies

Carbon pricing has long been a central tool in Canada’s and the United States’ climate strategies. However, recent political shifts are changing how both nations approach this policy, highlighting the ongoing debate over the role of carbon pricing.

Lion Electric shareholders file class-action against EV maker

Quebec-based electric vehicle (EV) manufacturer Lion Electric Co. (LEV-T) is facing a class-action lawsuit from shareholders who allege the company misled investors and misrepresented its financial health. Shareholders said the company’s alleged actions led to huge financial losses for them.

U.S. to shut down EV charging ports at federal buildings

The Trump administration is shutting down EV chargers at all U.S. federal government buildings and is expected to sell off the General Services Administration‘s newly bought EVs. Federally owned EVs and federal employee-owned personal EVs are charged on those 8,000 ports.

BMW announces 30% improvement in EV range, charging

BMW Group has unveiled its sixth-generation electric drive technology, promising 30 per cent faster charging speeds and 30 per cent greater range for its upcoming Neue Klasse vehicles. The sixth-generation technology introduces a new high-voltage battery concept featuring cylindrical cells.

U.K. announces $152M funding for EV rollout

The U.K. government has announced US$152 million in funding to help drivers and businesses switch to cleaner vans, wheelchair-accessible vehicles and taxis. It's part of a US$2.9-billion effort to usher in a switch to EVs.

Proposed BESS site in Ottawa raises safety concerns

A proposed battery energy storage system (BESS) site in Ottawa’s rural west end was at the centre of discussion during an open house on Sunday, with concerned residents coming to heads with the company spearheading the project.

JLL expands sustainability services with energy practice

JLL is boosting its existing sustainability services by forming the Energy Advisory and Sustainability practice. Led by clean energy expert Josephine Tucker, the team works across JLL’s business lines to serve real estate investors and commercial and public sector clients.

BP to ditch renewables goals to focus on fossil fuels: sources

BP’s (BP-N) chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil fuels, as part of a strategy shift announced on Wednesday to tackle investor concerns over earnings, sources told Reuters.

India mulls $1B subsidy plan to China-proof solar sector

India is finalizing a US$1-billion capital subsidy plan to bolster its solar manufacturing industry, people with knowledge of the matter said, part of a wider effort to reduce dependence on China and profit from the global energy transition.

Countries make fresh attempt at $200B nature finance deal

Countries gather in Rome this week for a second crack at figuring out how to generate US$200 billion a year to help preserve the world’s biodiversity – and give a shot in the arm to global co-operation.

How solar microgrids are saving lives in war-torn Ukraine

Hospitals are just some of the facilities in Ukraine that need microgrids when power is unavailable. Frontline makeshift medical centres, schools, blood storage facility operators, community centres and police stations are also requesting microgrids and batteries to provide electricity.

Could snow replace our air conditioners?

Storing snowfall in winter to cool buildings in summer is an idea that has already proven itself elsewhere in the world, in places such as Sweden, Norway and Japan. Why not Canada?

How to write a great sustainability report without losing your mind

Sustainability reports are complex beasts, spanning multiple reporting frameworks and topics that range from water to waste. In a bid to make report writing less painful and the results more impactful, Trellis asked sustainability professionals to share their wisdom.

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