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Recent Articles

Huge potential for retrofits but labour crunch looms

2 years ago

BIZ   •   • 

An acceleration in green building retrofits could result in two million direct job years of employment to upgrade 730 million square metres of floor space between now and 2050 according to a Canada Green Building Council (CaGBC) and Delphi Group study.

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Corporate plans to slash GHG emissions fall short of what is needed to combat climate change, with “major credibility gaps” found among the world’s largest companies, according to a Net Zero Tracker report which analyzes public and private sectors.

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The Canadian Securities Administrators (CSA) were fast out of the gate with climate risk disclosure proposals, but their effort is being overtaken by the SEC, the International Sustainability Standards Board and the Office of the Superintendent of Financial Institutions.

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Patricia Fletcher, CEO of the Responsible Investment Association, believes the momentum around sustainable investment and ESG standards is the biggest development in the industry right now. However, this advancement has come with growing pains as investors express concerns about greenwashing.

Yardi

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When it comes to fighting climate change, boards need to be prepared to ask the hard questions, and weigh the many climate-related risks and opportunities associated with sustainable investment. According to Deloitte’s recent Audit Committee Frontier survey, two-thirds feel unprepared.

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B.C. cities — including Abbotsford, which is set to announce its plan Monday — are being forced to consider managed retreat as they recover from last November’s extreme flooding and mudslides, and prepare for what’s to come.

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After the ash settles from a fire or the water from a flood drains away, do we rebuild or retreat? B.C.-based reporter Alex McKeen visited Lytton and Abbotsford, B.C. and talks about the tough choice ahead.

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Through our municipal codes, architecture, zoning laws and construction materials, we’re propagating heat-absorbing cityscapes that will be with us for decades, even centuries. Those choices help determine which neighbourhoods are destined to become uninhabitable, as opposed to merely more uncomfortable.

Energy Profiles

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To combat climate change, sustainability has become a challenge that food-system experts say is imperative to overcome. To move on to the pressing work of tracking and implementing sustainability across the food chain, there must be agreement on a definition.

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While putting more plug-in hybrids (PHEVs) on the road will help significantly cut transportation emissions in the near term, Canada can only come close to achieving its net-zero target by 2050 if the sale of new PHEVs stops in 2035.

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Infrastructure consulting firm AECOM is set to support the development of a long-term environmental master plan for Toronto Pearson International Airport. The company was selected by the Greater Toronto Airports Authority (GTAA) for the project.

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Ballard Power Systems has announced the publication of its third annual Environmental, Social and Governance (ESG) report, highlighting successes in the reduction of diesel used, female representation, greenhouse gas reductions and life cycle analysis.

Global Property Market

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Canada will announce a multi-million dollar investment on Monday to make the Jansen potash mine run by the globe’s largest listed miner, BHP Group, “the cleanest and most sustainable in the world,” a government source said on Sunday.

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VIDEO: Christopher Deir, director, strategy & acquisitions, Ontario Power Generation, speaks with Financial Post’s Larysa Harapyn about how nuclear fits into the conversation of decarbonization.

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Ukraine’s oil and gas company Naftogaz has entered into a deal with the Canadian energy developer Symbio Infrastructure to purchase liquefied natural gas (LNG) and green liquid hydrogen (LH2) from Canada.

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Honeywell and EnLink Midstream are teaming up to develop a carbon capture platform that targets industrial-scale carbon dioxide emitters along the Louisiana Gulf Coast.

Home by AVI

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With air conditioners humming across the nation’s second-most-populous state, demand on the power grid topped 74.9 gigawatts, surpassing a record set in August 2019, according to the Electric Reliability Council of Texas, which runs the system.

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From Florida to Alaska, dozens of tribes are working to harness energy from renewable sources to generate millions in revenue, create short- and long-term jobs and reduce utility costs for citizens while helping combat climate change and boost energy independence.

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With its highways and suburbs, America was built around the automobile and powered by fossil fuels. The oil crises of the 1970s provided an opportunity to change course and move to renewable energy, but any momentum achieved has been short-lived.

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In Europe, the road to sustainability is circular. That’s a conclusion from a recent visit to Amsterdam to attend a board meeting of the Cradle to Cradle Products Innovation Institute and to speak at the institute’s annual CircularShift conference.

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