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FLO gets $220M from CIB to expand Canada's EV charger network
FLO takes $220M investment for EV charging network
Quebec City-based smart charging solutions provider FLO will receive $220 million in funding from the Canada Infrastructure Bank (CIB) to bring over 2,000 public electric vehicle (EV) fast charging ports online across Canada by 2027.
SHARC Energy, Subterra Renewables join forces
SHARC Energy and Subterra Renewables have entered a partnership to co-operate on up to $200 million worth of installations in new and existing buildings. Subterra will now start offering SHARC’s waste energy transfer systems as well in its installations.
Toronto's 7 sustainable residential developments
Toronto Life has compiled seven of Toronto's technologically advanced and sustainable residential developments. Through use of mass timber, low-carbon electricity, walkability and green space, developers hope to promote environmentally-friendly homes in Canada's largest city.
Canada's new investment rules inspired by appliances
Canada's new labels for green investments are partially inspired by energy ratings on refrigerators and dishwashers. It's how a Canadian pension fund is looking to ease uncertainty and shrink a spending shortfall needed to hit Ottawa's 2050 net-zero goal.
Ottawa orders probe of SDTC
Ottawa has launched an investigation into allegations of financial mismanagement and conflict of interest at Sustainable Development Technology Canada (SDTC), the main federal funding arm for early-stage green technology. SDTC has provided over $1.5 billion to startups since 2001.
P.E.I. making slow progress on emissions reductions
Prince Edward Island greenhouse gas emissions reached their highest level in eight years in 2021, according to the latest figures released by Environment and Climate Change Canada. The province has made little headway toward its emissions reductions targets since 2013.
Is the U.S. eating Canada’s lunch on green jobs?
Lisa Raitt, former Conservative Cabinet minister and now the vice-chair of global investment banking at CIBC, talks about what it will take Canada to compete with Joe Biden’s energy initiatives in the race to net-zero.
Price war a sign of rapid transformation in EV sector
Electric vehicle industry observers say Tesla's aggresive price cuts are just one indicator of a global transformation in the automotive sector, as legacy car makers learn how to make electric vehicles as efficiently as internal combustion vehicles.
N.B. EV registrations skyrocket in 2022
Figures released this week show New Brunswick registered 571 fully electric vehicles in 2022, more than the past five years combined. It's a sign that a long-predicted consumer migration to EVs in the province may finally be gathering momentum.
GM to end production of Chevrolet Bolt later this year
General Motors said it will end production of its Chevrolet Bolt electric vehicle later this year as its shifts zero-emission production to trucks and SUVs built on a new battery platform. The Bolt accounts for most of GM's EV sales.
One in three new cars will be electric by 2030: IEA
More than one in three new vehicles sold in 2030 will be electric thanks to “explosive” growth, according to the International Energy Agency (IEA). EVs are on track to make up 18 per cent of sales in 2023, it adds.
Montem withdraws plan for mine in Alberta foothills
Australia's Montem Resources is withdrawing its plan for a coal mine in the Crowsnest Pass region of the eastern slopes of Alberta’s Rocky Mountains. Montem has already switched designs for a coal mine for a hydro project in the region.
TotalEnergies sheds Canadian oil sands
Energy major TotalEnergies said on Thursday it had accepted an offer to sell its carbon-heavy Canadian oil sands operations to Suncor Energy for $4.1 billion. TotalEnergies made the decision based on its investors' focus on lower carbon energy.
China's key renewables push extends beyond deserts
China announced a third round of solar and wind energy projects that’ll form part of President Xi Jinping’s vision of boosting the world’s largest renewable power fleet with vast developments across inland deserts and other unpopulated areas.
China approves coal surge: Greenpeace
China has approved a surge in coal power this year, prioritizing energy supplies over its pledge to reduce emissions from fossil fuels, according to a report by Greenpeace. China’s emissions pledges are seen as essential to meeting climate targets.
U.K. court to hear challenge to oil, gas licensing round
Britain's High Court is expected to decide next Tuesday on whether to grant Greenpeace permission to proceed with a challenge to the country's last oil and gas licensing round on climate grounds, the activist group said.
Wind industry turns to European governments for help
While European governments boost their wind power ambitions, the industry is struggling with rising production costs and growing competition from China. With problems piling up, the wind industry is now turning to European governments for help.
EU agrees binding green fuel targets for aviation
The European Union has agreed to set binding targets for airlines in Europe to increase their use of sustainable aviation fuels, in an attempt to kickstart a market for green fuels and start curbing the aviation sector's carbon footprint.
Climate already causing inflation: Norway's oil fund
The global economy is already experiencing climate-driven inflation that will contribute to stubbornly high price rises and a long period of low investment returns, according to the head of Norway’s US$1.3 trillion oil fund.
Industry Events
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Greenbuild 2024: Built to Scale
Nov 12 2024
to Nov 15 2024
Pennsylvania Convention Center, Philadelphia, PA
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Sustainable Finance Forum 2024
Nov 28 2024
to Nov 29 2024
Shaw Centre, Ottawa
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