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FAIR Canada wades into battle to ensure ESG compliance

1 year ago

FAIR Canada wades into ESG compliance battle

First established in 2021, FAIR Canada sees itself as a champion of individual investor rights by serving as a catalyst to bring about positive changes to regulatory frameworks that will better protect investors, and monitor compliance with ESG guidelines.

Volta to build $750M battery copper foil plant in Quebec

Volta Energy Solutions, the European subsidiary of a South Korean electric vehicle (EV) battery materials company, announced it would build Canada’s first battery copper foil factory in Granby, Que., further cementing the province’s EV battery manufacturing industry.

Recurrent Energy secures $112M for U.S. solar project

Canadian Solar Inc. (CSIQ-Q) subsidiary Recurrent Energy has secured $112 million in project financing for its 160 megawatt North Fork Solar project, 100 miles southwest of Oklahoma City. The project is expected to be operational in 2024.

The Electric Circuit adds power-sharing EV chargers

The Electric Circuit has introduced new power-sharing electric vehicle (EV) charging stations manufactured by Finnish company Kempower in Rivière-du-Loup, Que., in part due to their physical suitability for the location and province. The charging stations were distributed by Bornes Québec.

NEO receives first order for silicon anode materials

Vancouver-based NEO Battery Materials (NBM-X) has received its first purchase order for 0.4 metric tonnes of its proprietary silicon anode materials, NBMSiDE, by an Asian chemical material company. The order was placed through NEO's South Korean subsidiary, NBM Korea Co.

Major lithium exploration announced for Manitoba

New Age Metals (NAM-X) is planning to undertake the largest lithium exploration program ever in Manitoba. The company has just announced $7 million in exploration, teaming up with Australia's Mineral Resources, one of the world's top five lithium producers.

H2 raises $2.2B to build world's first green steel plant

In the year's largest private placement in Europe, H2 Green Steel has raised about $2.2B in equity from a group led by Altor, GIC, Hy24 and Just Climate. The round will finance the world's first large-scale green steel plant.

Ascend raises $542 million for EV battery recycling

Ascend Elements has raised $542M to take its plans to recycle lithium-ion batteries to the next level. The investment round will support building a factory in Hopkinsville, Ky., where Ascend will process ​black mass derived from old lithium-ion batteries.

Petrobras buys first-ever carbon credits

Brazil’s state-owned oil giant Petrobras made history in the voluntary carbon market by buying carbon credits for the first time to offset its emissions. The carbon offsets purchased are from the Envira Amazonia project that protects the Amazon rainforest.

BMW CEO sees profit boost from next-gen EVs

All of BMW’s electric models are earning money, and the company’s “Neue Klasse” battery-powered vehicles due from 2025 will be even more profitable, according to CEO Oliver Zipse.

Over 90% of Sask. heavy oil sites don’t track pollution

More than 90 per cent of heavy oil sites in Saskatchewan are not required to measure how much pollution they’re generating, according to a senior research analyst who extensively studied the province’s fossil fuel industry.

Methane controls can meet 1/3 of Cda.’s emissions target

Strong methane regulations are the cheapest, most effective way to reduce emissions in Canada’s oil and gas industry and meet the expected targets in Ottawa’s oil and gas emissions cap — all without hindering economic growth, the Canadian Climate Institute reports.

BOMA Canada launches net-zero learning pursuit

The Building Owners and Managers Association (BOMA) of Canada will purchase carbon offsets for approximately 330 tonnes of greenhouse gas emissions associated with its annual conference and tradeshow. It’s a first step in the organization’s efforts to achieve net-zero operations.

Renewables on track to keep getting cheaper

Renewable energy already beats fossil fuels on cost globally — and analysts say the gap is still growing. By 2030, improvements could slash prices by a quarter for wind and by half for solar, according to clean energy think tank RMI.

Canadian universities' race to net-zero

Over the last few years, Canadian universities have announced plans to respond to the increasingly urgent call to hold global warming to below two degrees Celsius above pre-industrial levels, as Canada agreed to in the 2015 Paris Agreement.

How extreme heat is slowing down construction

Construction firms have made investments to ensure worker safety and comfort while keeping projects moving during heat waves, but worker reps and experts say decreased productivity will be a given going forward during an era of increasingly hot summers.

The fight over California community solar

Community solar and storage could help power California toward its goals for clean energy, grid reliability, energy equity and affordable housing — but only if regulators don’t allow the state’s biggest utilities to undermine it.

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