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

SHIFT Energy, Blackstone Energy Services announce partnership

1 year ago

SHIFT Energy, Blackstone announce tech partnership

SHIFT Energy and Toronto-based Blackstone Energy Services Ltd. announced a strategic partnership which will incorporate SHIFT’s energy management system into Blackstone’s energy and greenhouse gas platform for buildings. SHIFT’s technology will be folded into Blackstone's blackPAC distributed energy system software.

Novisto receives $27.2M in Series B funding round

ESG data management software company Novisto has secured approximately $27.2 million in a Series B funding round led by Inovia Capital, which it will use to accelerate its product development and market expansion.

Canada’s 50 fastest-growing green companies of 2023

Corporate Knights' list of Canada's 50 fastest-growing green companies of 2023 covers the Canadian entrepreneurs and companies discovering innovations for a low-carbon economy. It includes the likes of public companies Li-Cycle, Kontrol Technologies, SHARC, and private companies Evanesce, Hydrostor, CarbiCrete.

Canada spends $86M to convert refinery to biofuels

The federal government is spending $86 million on the Come By Chance refinery to help convert the facility to one that produces biofuels. The refinery's owners are partnering with ABO Wind, a German wind energy company.

Pembina partners with Marubeni on ammonia exports

Pembina Pipeline Corp. has reached an agreement with Japanese conglomerate Marubeni Corp. to create an ammonia supply chain for exports to Asian markets. It will include joint development of low-carbon hydrogen and ammonia production facilities near Fort Saskatchewan, Alta.

Environmental groups oppose RBC-HSBC sale

A cohort of environmental groups have asked the Competition Bureau to reject Royal Bank of Canada’s proposed takeover of HSBC Canada, arguing the sale would limit green choices in the banking sector and expose Canada’s economy to more climate risks.

Énergir accused of greenwashing

Énergir is accused of having only one per cent renewable natural gas in its network and overcharging customers for its claim of 10 to 100 per cent, according to a coalition of environmentalists who accuse the company of greenwashing.

Clean energy to add 700k new jobs by 2050: report

With a coordinated, nation-wide net-zero strategy, Canada would see clean energy jobs grow seven per cent each year, adding 700,000 jobs to the sector by 2050, according to a report from Clean Energy Canada and Navius Research.

Canada unveils plan for offshore wind projects

Canada's offshore accords with Nova Scotia and Newfoundland and Labrador are being updated to promote development of offshore wind farms, but it's not clear yet whether any compensation will be paid to fishermen displaced by wind farms.

What can we expect from clean hydrogen in Canada?

There is hope hydrogen will play a role in combatting climate change, serving as a clean substitute for fossil fuels in power generation, heating and transportation. Today, interest in a Canadian clean hydrogen industry may be starting to bubble over.

Bill urges new climate rules for financial institutions

A House of Commons motion tabled in May is the latest effort to address the fossil fuel investments and climate risk exposure of Canadian banks and other financial institutions—including the world’s biggest fossil fuel financier in 2022.

How do renewables fit into cybersecurity in Canada?

News of pro-Russia hackers allegedly gaining access to Canada’s gas infrastructure brought cybersecurity concerns to the fore last month. To protect our power grid, insiders say Canada needs to step up regulations safeguarding energy systems that are vulnerable to attack.

Renewable energy capacity set to surge in 2023: IEA

The International Energy Agency (IEA) said on Thursday that the world will add more than 440 gigawatts of renewable electricity in 2023, due to growing energy-security worries and improving costs driving investments in green power.

Australia’s renewables target drives investor capital

Australia's government has committed to hit net-zero by 2050 by nearly tripling the country’s share of renewable sources, investing in new technology and expanding the transmission grid. These efforts have made the sector increasingly more attractive for local investors.   

Billions for climate finance ends up in strange places

Wealthy countries have pledged $100 billion a year to help reduce the effects of global warming. But a Reuters investigation found large sums going to projects including a coal plant, a hotel and chocolate shops.

Hot AI can also cool down buildings

With the approach of summer and a steady growth in the return of workers to offices, artificial intelligence (AI) could be an emerging solution in the space of heating, ventilation and air-conditioning systems for buildings.

State Farm stops new home insurance sales in Calif.

State Farm said it would stop selling new insurance policies to homeowners in California, exacerbating troubles for thousands in the wildfire-prone state, who are already feeling the heat with coverage getting costlier or harder to come by.

Record-breaking heat hits China

Cities across southern and eastern China are experiencing record-breaking heat that could just be a preview of what is expected to be one of the hottest years on record. The heat strikes as the country grapples with its climate goals.

How P.E.I adapted after Hurricane Fiona

For the people whose job it is to manage P.E.I.'s land and make policy decisions around trees, coasts and wildlife, post-tropical storm Fiona was a milestone event that changed everything. Officials now focus to preparing for future storms.

Industry Events