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ESG is an advantage for SME suppliers: BDC

1 year ago

ESG is an advantage for SME suppliers: BDC

A new report from Business Development Bank of Canada (BDC) suggests Canadian small- and medium-sized enterprises (SME) that supply goods and services to large corporations can profit from adopting ESG criteria and benefit with more loyal employees and investment options.

Airex Energy raises $38M for Que. biochar project

Biomass provider Airex Energy Inc. has completed a $38-million Series B funding round to aid in its planned Quebec biochar project with SUEZ Group, conclude agreements for biocarbon and biocoal, and continue improvements on its proprietary technology.

Rosefellow announces zero-carbon industrial campus

Real estate developer Rosefellow has announced that its $300-million Kirkland, Que.-based industrial campus poised to start construction this spring will be targeting a zero-carbon certification that will be a first in the area.

Canada bets on clean electricity and tax credits

The federal government is banking on a suite of new tax credits, a clean electricity grid and the carbon tax to spur the transition to a clean economy and counter vast subsidies rolled out by the United States.

Five things to know about Canada's electricity overhaul

Clean electricity was one of the stars of Tuesday's federal budget announcement, with almost $1 in every $8 of new spending the budget anticipates in the next five years targeting Canada's electricity dreams.

Timelines key to federal budget's green transition

Many industry leaders said they were impressed by something other than the size of the 2023 federal budget's commitments to the green economy. What caught their attention was an apparent effort to move policies announced long ago closer to implementation.

OTPP announces partnership with Sevana Bioenergy

Ontario Teachers' Pension Plan Board (OTPP) has entered into a strategic partnership with Sevana Bioenergy. OTPP will acquire a majority stake in Sevana and make a $250-million capital investment to develop renewable natural gas projects across North America.

How B.C. balances its incoming oil and gas carbon cap

To hit CleanBC’s ambitious emissions reductions targets, British Columbia's oil and gas sector would need to eliminate about a third of the industry's 2020 emissions, presenting a challenge to fit its climate policies with a nascent liquefied natural gas industry.

B.C.’s latest LNG approval sends mixed messages

Approving the Indigenous-owned Cedar LNG while setting net-zero goals for other fossil fuel companies: when it comes to extraction, biodiversity and reconciliation, B.C. wants everything, all at once. How can the province satisfy everyone's demands?

Canada, U.S. pledge cooperation on nuclear fuel, SMRs

Canadian Prime Minister Justin Trudeau and U.S. President Joe Biden have pledged to coordinate efforts to develop reliable nuclear fuel supply chains in North America. Canada is also to join a U.S.-led program to support small modular reactors (SMRs).

ARC agrees on deployment of SMRs in Alberta

ARC Clean Technology Canada has signed a memorandum of understanding with Invest Alberta Corporation for co-operation in the commercialization of ARC’s advanced SMR technology. ARC's aim is to develop a fleet of ARC-100 reactors in the province.

OYA secures $27M loan for N.Y. projects

OYA Renewables has secured a $27.1 million long-term loan facility from a wholly-owned U.S. subsidiary of Royal Bank of Canada to support four New York-based community solar projects that make up part of OYA’s nine-gigawatt project pipeline

'Forever chemicals' detected in 'green' food packaging

Compostable food containers marketed as “good for the environment,” have been found to carry high levels of toxic, long-lived chemicals called PFAS — or per- and polyfluoroalkyl substances — according to the first study of its kind in Canada.

EU reaches deal to raise renewable energy target

European Union countries and negotiators from the EU's parliament reached a provisional deal Thursday to raise the share of renewables in the bloc's energy mix to 42.5 per cent by 2030, another step to accelerate its green transition.

EU alliances sparred over role of nuclear power

Two rival alliances of EU countries held final-hour talks in Brussels, ahead of negotiations on whether to recognize nuclear power under the EU’s renewable energy goals. Opponents say nuclear energy distracts from expanding wind and solar capacity.

EU to ban sale of new combustion engines by 2035

European Union officials signed off on a deal that effectively ends the sale of most new combustion engines from 2035 after Germany received provisions for how certain high-end vehicles may get a future exemption if they run solely on e-fuels.

Berlin voters balk at climate neutral target by 2030

Berlin voters said "nein" to a plan to make the German capital climate-neutral by 2030, which would have put it 15 years ahead of Germany’s national target. A referendum enshrining the law failed after enough voters did not show up.

German home battery sales may surge 59% in 2023

German sales of batteries to store solar energy at home may jump 59 per cent this year as more residents seek a cheaper, renewable and more reliable power supply, industry association BVES said on Tuesday.

Heat waves push India's limits of human survivability

India, on course to becoming the world’s most-populous country, risks approaching the limit of human survival as it experiences more intense and frequent heat waves. India's high temperatures and humidity will be compounded by rising temperatures, affecting people and farms.

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