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Where Canada's Big Five banks' stand on climate pledges
Where Canada's Big Five stand on climate pledges
Canada’s five largest banks have summarized their greenhouse gas emissions targets and goals for sustainable finance in their latest sustainability reports and updates. SustainableBiz has compiled a summary of these plans and presents them here for comparison.
GIT gets $10.2M for fuel-efficiency-boosting coating
Graphite Innovation and Technologies (GIT), a Dartmouth, N.S.-based company behind a ship coating that increases fuel efficiency, has received a $10.2-million investment led by BDC Capital’s Climate Tech Fund to scale up its production and marketing.
Minerva develops Canada-wide wildfire risk map
Minerva Intelligence, a Vancouver-based software and data analytics company, has released a nation-wide wildfire risk map that predicts the chances of a wildfire and helps industries such as insurance to prepare for a warming climate.
Nexii earns TRUE gold standard for zero waste efforts
Nexii Building Solutions has become the first construction company in North America to receive the Total Resource Use and Efficiency (TRUE) gold certification for zero-waste at its Squamish, B.C. manufacturing facility, diverting 90.3 per cent of the waste from landfills.
Ford invests $1.8B to build EVs in Oakville
Ford Motor Co. has revealed its plan to spend $1.8 billion on its Oakville Assembly Complex to turn it into an electric vehicle (EV) production hub in the latest commitment by an automaker transitioning towards an electric future.
Li-Cycle reveals recycling agreement with VinES
Li-Cycle Holdings Corp. and VinES Energy Solutions announced that they have signed an agreement for a long-term battery recycling relationship. From 2024, Li-Cycle will become VinES’ strategic and preferred recycling partner for VinES’ Vietnamese-sourced battery materials.
Summit Nanotech opens Chile facility
Summit Nanotech Corp. announced the opening of a facility in Santiago, Chile. The multi-year investment will offer additional capacity for the scale up of their denaLi direct lithium extraction technology, which takes lithium from brine sustainably.
U.S. pushes new car pollution rules to promote EVs
The Environmental Protection Agency proposed new car pollution rules that could require electric vehicles to account for up to two-thirds of new cars sold in the U.S. by 2032 - one of the Biden administration’s most aggressive climate policies yet.
Jury holds fate of $1B Québec-Maine hydro project
A battle over a $1 billion transmission line that will supply Quebec's hydropower to Maine's power grid and won all regulatory approvals, only to be rebuked by state residents in a referendum, now comes down to a jury.
B.C. vertical farmer harvests bounty of leafy greens
UP Vertical Farms, a vertical farming enterprise in Pitt Meadows, B.C., is hoping to ease food security in the province with locally grown, environmentally sustainable produce. The company says it can produce 6.3 million bags of greens per year.
RBC tops 2022 list of global financiers to fossil fuels
Royal Bank of Canada (RBC) has nudged out U.S. giant JP Morgan Chase for top spot on an annual list of the top global financiers to fossil fuel companies, a ranking compiled by a group of international environmental organizations.
Budget's clean economy incentives need more clarity
Opinion: Budget 2023 provides billions for clean energy, but to join the global race for market share, Canadian companies need to be able to rely on the trajectory of carbon pricing and other initiatives to reach federal climate change goals.
Meta, BoA, JPMorgan to buy SAF credits
Major companies such as JPMorgan Chase, Bank of America (BoA), Meta, Boston Consulting Group, Boom Supersonic and non-profit RMI will join together to buy credits for about 850,000 gallons or 2,576 tons of sustainable aviation fuel (SAF).
Climate literacy training for every budget
GreenBiz summarizes ways to acquire basic climate literacy training that are accessible to individual members of the public that provide a high-level overview of climate science, available solutions and accelerators such as policy, and are appropriate for everyone.
Suddenly, the U.S. is a climate policy trendsetter
In a head-spinning reversal, other Western nations are scrambling to replicate or counter the cleantech manufacturing perks in Biden’s Inflation Reduction Act. The European Union, Canada and the U.K. have announced their own efforts to compete with the bill.
Taiwan creates a bustling battery market
The densely populated island is snapping up energy storage as it strives to meet aggressive clean-energy targets amid national security and climate concerns. A growing grid storage market and interest in battery manufacturing show critical early steps.
Electricity CO2 emissions may have peaked
Global carbon dioxide (CO2) emissions linked to electricity generation may have peaked in 2022 and will begin to decline as wind and solar power take over from fossil fuels, researchers at think tank Ember say.
Continuing coal could overshoot global climate goal
Earth is on track to significantly overshoot a critical global climate target, largely because not enough coal-fired power plants are being retired, researchers warned in two new reports. Instead, several nations plan to build new coal power plants.
Methane leads ‘alarming’ rise in global emissions
Methane in the atmosphere had its fourth-highest annual increase in 2022, the U.S. National Oceanic and Atmospheric Administration reported last week, part of an overall rise in planet-warming greenhouse gases that the agency called “alarming.”
Climate activists’ uneasy relationship with ‘net-zero’
The concept of "net-zero" has been thrown around by activists and corporations to signal their focus on climate change. But some activists are wary of its use by heavy polluters who continue fossil fuel expansion while on a net-zero path.
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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