GHG Protocol requires more clarity, guidance: Report

BIZ  Carbon  •  Human Resources  •  National

A report from the Chartered Professional Accountants of Canada and the Institute for Sustainable Finance calls for more clarity and guidance within the international Greenhouse Gas Protocol accounting and reporting standard.

The EV Plug-in › EV Plug-In: Lithion, GM partner on circular battery system

Nicholas Sokic: Business reporter

Brookfield plans $2.7B investment in India renewables

Real Estate  •  Toronto Star

Brookfield Asset Management Inc. will infuse more than US$2 billion (C$2.7 billion) into Indian renewable projects to tap the booming clean energy investment opportunity in that country’s fossil fuel-driven economy.

Investors commit $9.6T of assets for Paris climate goal

Finance  •  Bloomberg

A coalition of pension funds and insurance companies around the world have committed to managing US$7.1 trillion (C$9.6 trillion) of assets in line with the Paris Agreement’s goal of limiting warming to 1.5 degrees Celsius.

Incoming Shell CEO set to fire up renewables drive

Real Estate  •  Globe and Mail

Shell’s incoming Canadian CEO Wael Sawan is set to accelerate the group’s drive to build its renewable energy business, including through a possible “transformative” clean power acquisition, company and industry sources said.

Fossil fuel divestment not on the agenda for AIMCo: CEO

Real Estate  •  Globe and Mail

Alberta’s public investment manager is not making a net-zero commitment, and selling off fossil-fuel producers is out of the question. Instead, it will concentrate on investing alongside portfolio companies to decarbonize, its chief executive officer says.

Canada’s oil sands ignoring net-zero despite windfall

Real Estate  •  Globe and Mail

Canadian oil sands companies have done little to follow through on their public pledges to reduce their greenhouse gas emissions, despite raking in historic profits in 2022, a new analysis shows.

U.S. banks threaten to leave Mark Carney’s green alliance

Real Estate  •  Financial Post

Wall Street banks including JPMorgan Chase & Co., Morgan Stanley and Bank of America Corp. have threatened to leave Mark Carney’s financial alliance to tackle climate change because they fear being sued over increasingly stringent decarbonization commitments.

Focus on wind, solar; keep natural gas: RBC report

Real Estate  •  Financial Post

Wind and solar should make up the bulk of new electricity generation in the next decade with natural gas remaining in the energy mix, according to a new report from the Royal Bank of Canada on the country’s energy transition.

N.S. launches plan to develop offshore wind sector

Real Estate  •  CBC  •  CTV

Nova Scotia Premier Tim Houston announced the province’s goal of offering leases for five gigawatts of offshore wind energy by 2030, with the aim of supporting the emerging green hydrogen sector.

Climate change to cost Ontario public transit billions

Real Estate  •  Globe and Mail

The effects of climate change are projected to cost Ontario an extra $1.5 billion annually on average in the next few years just to maintain public transportation infrastructure, the province’s financial watchdog said in a report Thursday.

Nova Scotia Power defends charges for storm damage

Real Estate  •  CBC

With Hurricane Fiona bearing down on the province, Nova Scotia Power is defending its heads-we-win, tails-you-lose proposal for a new storm charge at rate hearings this week.

Energy sector workforce evolves and expands: IEA

Real Estate  •  REMI Network

A new report from the International Energy Agency (IEA) says conservation and demand management will create more employment and assume a larger share of overall economic activity in step with a heightened focus on reducing greenhouse gas emissions.

How to boost solar panel recycling

Waste  •  Green Biz

The tragedy of North Birmingham

Real Estate  •  ProPublica

Industrial plants in Birmingham, Alabama, have polluted the air and land in its historic Black communities for over a century. In an epicenter of environmental injustice, officials continue to fail to right the wrongs plaguing the city’s north side.

Jackson’s water crisis points to environmental injustice

Real Estate  •  Globe and Mail

The U.S. ratifies treaty to phase down HFCs

Carbon  •  NPR

Nearly six years after the U.S. helped negotiate it, the Senate has ratified a global climate treaty that would formally phase down the use of hydrofluorocarbons (HFCs), industrial chemicals commonly found in air conditioners, refrigerators, insulating foams and pharmaceutical inhalers.

How sustainability makes real estate more transparent

Real Estate  •  JLL Blog

Sustainability is a new marker of transparency in real estate as investors, companies, governments and the public increasingly look for clear long-term targets, regulatory standards and metrics to measure environmental impact and risk.

Constitution stops Charles becoming ‘green’ king

Real Estate  •  Toronto Star

On a blustery November day last year Britain’s future king stood before world leaders to deliver a rallying cry that they should “act with all despatch, and decisively” to confront a common enemy.

Swiss propose nuclear waste site near German border

Real Estate  •  Daily Commercial News

Switzerland’s nuclear waste authority has proposed building the country’s permanent waste storage site close to the border with Germany, a decision viewed warily by its northern neighbour.