Sustainable Business News (SBIZ)
c/o Squall Inc.
P.O. Box 1484, Stn. B
Ottawa, Ontario, K1P 5P6

thankyou@sustainablebiz.ca
Canada: 1-855-569-6300

Planetary Tech. tests ocean carbon-capture accelerator

2 years ago

Flush with $7.8 million in grants and funding, Planetary Technologies Inc. is set to significantly scale-up testing of its accelerated carbon transition platform (ACT), which employs alkalinity to improve the carbon-storage capability of the world’s oceans.

 • 

Canada has a stark choice: match tough new U.S. climate disclosure rules or shield companies from total GHG emissions reporting. However, some critics worry that requiring a company to disclose Scope 3 emissions only when considered material could cause loopholes.

 • 

A new global accounting body, which has a major office in Montreal, has taken its first steps to establish formal reporting standards for corporate sustainability in efforts to improve transparency and discourage greenwashing.

 • 

OPINION: Dozens of public companies have received shareholder proposals calling for racial-equity audits over the past year. Although more investors are advocating for these audits, some companies still oppose them. That’s why the commitment made by TD Bank is noteworthy.

Energy Profiles

 • 

new report by McKinsey on the costs of transitioning the world to net-zero carbon emissions by 2050 is making the rounds, brandishing a shocking top-line figure of $9.2 trillion per year. But are the numbers really accurate?

 • 

An annual tally of Canada’s public EV charger installations and network buildouts showed faster growth in 2021, with a 39 per cent increase in DC fast chargers and 18 per cent charger growth overall, according to Electric Autonomy Canada.

 • 

The price of lithium could stall the transition to electric vehicles; prices have increased by 500 per cent in the past year. Amid inflation pressure on raw materials and logistics, some say it’s time to make EVs lighter and smaller.

 • 

As the industry begins to consider embodied carbon alongside other building efficiency and performance measures, firms are creating and sharing new tools and resources to enable carbon-smart decisions.

Sustainable Biz Canada

 • 

Earlier this week, Saskatchewan signed an agreement with three other provinces to develop the technology for small modular reactors. One researcher from the University of Regina says that the development will lead to growth in the renewable sector.

 • 

Microgrids are playing a role in how food and agricultural businesses manage their electricity prices to help offset some of the market damage done by the war in Ukraine. Now, a variety of startup businesses are bringing forth renewable solutions.

 • 

Oatly, a U.S. company that converts oat waste into clean energy, has transitioned two of its facilities to using 100 per cent renewable electricity in 2021.

 • 

In a move that will help stakeholders understand how individual recycling programs are conducted, The Recycling Partnership announced that it had developed a National Recycling Database, offering a comprehensive source for local recycling information across the U.S.

Quebec Apartment Investment Conference

 • 

Alberta has selected six proposals to move forward with developing Canada’s first carbon storage hubs, intended to help cut climate-warming emissions by permanently sequestering them underground.

 • 

While other organizations are focused primarily on getting to carbon neutral for current emissions, Microsoft plans to offset its entire historical emissions, dating back to its founding in 1975. Here are three ways the company is marching toward this goal.

 • 

Maersk has announced plans to order eight ships that use carbon-neutral fuels to hit its 2050 net-zero goal. The vessels, built by Hyundai Heavy Industries, come with a dual fuel engine setup that can run methanol and conventional low-sulphur fuel.

 • 

United Airlines Ventures (UAV) and Oxy Low Carbon Ventures (OLCV) have announced a collaboration with Houston-based biotech firm Cemvita Factory to commercialize the production of sustainable aviation fuel (SAF). This is Cemvita’s third SAF-related technology to receive an investment.

Anchor Corp

 • 

The IFRS Foundation and GRI are taking the latest step toward a more closely aligned set of global ESG reporting frameworks, announcing an agreement to coordinate their work programs according to international standard-setting board guidelines.

 • 

Abu Dhabi Global Market (ADGM), the international finance capital in Abu Dhabi, has partnered with AirCarbon Exchange (ACX) to create the world’s first fully regulated carbon trading exchange. The regulatory framework will allow corporates to trade and finance carbon credits.

 • 

A “first-of-its-kind” facility in Israel capable of producing 600MW of green hydrogen per year has started development. Being developed in the Tzipporit Industrial Zone, the facility will create cost-effective systems to generate green hydrogen from water and electricity.

 • 

A new government office dedicated to hydrogen projects and proposals could help B.C. reduce GHG emissions and bolster the economy, the premier says. The B.C. Hydrogen Office could lead to framework that makes the province a leader in hydrogen use.

Industry Events