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Algonquin Power to sell renewable energy group, names new CEO
Algonquin to sell renewables group, names new CEO
Algonquin Power and Utilities Corp. (AQN-T) announced it would seek a new buyer for its renewable energy group to focus on low-risk regulated investments, and reported the resignation of CEO Arun Banskota after significant deals fell through.
PSP, IMCO, Sandbrook to acquire wind firm for $1B
Public Sector Pension Investment Board (PSP Investments), Investment Management Corporation of Ontario (IMCO) and renewables-focused investment firm Sandbrook Capital have partnered to acquire German renewables company NeXtWind Capital Ltd. for approximately $1 billion.
Maple Leaf's Hamilton plant earns LEED Silver
Maple Leaf Foods (MFI-T) is hoping their first Leadership in Energy and Environmental Design (LEED) Silver-certified food production facility in Hamilton is only the start of a broader blueprint to make its buildings greener.
PSP, OTPP explore $8B sale of Cubico
PSP Investments and the Ontario Teachers' Pension Plan (OTPP) are exploring options including a sale of Cubico Sustainable Investments that could value the renewable energy firm at about $8 billion or more, including debt.
How large pension funds are investing for the climate
A number of the world’s largest pension funds have taken significant steps in recent years to make their portfolios greener, including the Canada Pension Plan Investment Board, according to a study from Columbia University.
Canadian Solar gets multi-year order for solar modules
Canadian Solar Inc. and EDF Renewables North America announced the signing of a multi-year module supply agreement to deliver up to seven gigawatts of its TOPCon solar modules that will be produced at Canadian Solar's new factory in Mesquite, Tex.
Alberta's renewables stay risks losing billions: firms
The renewables industry said it was blindsided by the Alberta government’s moratorium on new wind and solar projects, and some executives warned the move could cause billions of dollars in green investments to flow to the U.S. and Europe instead.
Cadillac Fairview unveils emissions cuts in ESG report
In its 2023 ESG report, Cadillac Fairview unveiled its latest successes such as a 19 per cent reduction in Scope 1 and 2 emissions since 2017 and a 10 per cent energy reduction since 2019.
LCBO to permanently ditch paper bags as of Sept. 5
Paper bags for booze will no longer be available at Liquor Control Board of Ontario (LCBO) locations as of Sept. 5. The Crown corporation says move will divert some 2,665 tonnes of waste from landfills.
WasteSharks make a splash in Toronto Harbour
PortsToronto announced the Canadian debut of its new aquadrone pilot project which uses the Dutch-made WasteShark to help clean up trash. Each of the two drones can capture up to 1,100 pounds of debris per day.
Canada releases draft regulations on clean electricity
Environment Minister Steven Guilbeault has released draft regulations designed to clean Canada's electricity grid and attain a net-zero grid by 2035. The cost of energy will rise slightly, but officials say moving from fossil fuels will offset the increase.
Trudeau urged to move on carbon pricing backstop
Business and environmental groups are pushing Prime Minister Justin Trudeau’s government to quickly enact a program to guarantee carbon pricing revenue, or else lose out on the investments needed to reach Canada’s climate goals.
Lula enlists Amazon neighbours in preservation fight
The leaders of South America’s Amazon nations will gather in Brazil this week as President Luiz Inacio Lula da Silva attempts to unite them behind a strategy to save the world’s largest rainforest — and pressure the richest countries to help.
Brazil's government readies carbon market proposal
Brazil's government has finalized a bill creating a cap-and-trade carbon market expected to help Latin America's largest economy curb greenhouse gas emissions. The regulation is part of the administration's plan to achieve emissions reduction targets.
Solar power rescues Europe's energy systems
A major increase in solar power generation in southern Europe played a leading role in averting energy shortages during the heatwaves of recent weeks when temperatures broke records and drove unprecedented demand for air conditioning.
Economists accused of underestimating climate threat
Mainstream economics has consistently understated the economic damage of climate change, according to two recent reports. Economic models fail to include tipping points, extreme weather and indoor work, which underplay the economic damage from global warming, the reports argue.
July was Earth's hottest month on record
July was the hottest month ever recorded on Earth, according to the European Union's Copernicus Climate Change Service. People and the planet are being exposed to more frequent and intense extreme events, the service has warned.
China’s ‘sponge cities’ are not built for extreme floods
Flooding has affected at least 30 million people in China so far this year, including at least 20 deaths in the past few days, raising questions about the country’s preparation for catastrophic weather fueled by climate change.
Antarctica risks ‘cascades of extreme events’
Extreme weather in Antarctica, including ocean heat waves and ice loss that is a once-in-a-7.5-million-year phenomenon, is set to become more intense unless urgent policy action reduces the burning of fossil fuels, a new study has found.
Industry Events
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Sustainable Finance Forum 2024
Nov 28 2024
to Nov 29 2024
Shaw Centre, Ottawa
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Zero Carbon Building Standards Interactive Workshop
Dec 10 2024
to Dec 12 2025
Online
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FCM’s Sustainable Communities Conference 2025
Feb 10 2025
to Feb 13 2025
Fredericton, NB
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GlobeXchange
Feb 11 2025
to Feb 14 2025
Sheraton Centre Toronto Hotel
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BuildGreen Atlantic 2025
Apr 28 2025
to Apr 29 2025
Halifax, NS
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Building Lasting Change
Jun 18 2025
to Jun 20 2025
Vancouver, BC
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