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Recent Articles

Grosvenor Group vows net-zero carbon emissions by 2030

4 years ago

BIZ   •   • 

Grosvenor Group, a property developer and manager with a history dating back more than 340 years, has promised to achieve net-zero carbon operational emissions at its buildings around the world. Grosvenor has significant holdings in Vancouver and some in Calgary,

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Week one of the 25th annual U.N. conference on climate change is officially over and the second week has begun. Last week former U.S. Secretary of State John Kerry launched World War Zero, a bipartisan initiative he is spearheading.

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Climate advocates are applauding an international pledge by Canada to introduce legislation for net-zero carbon emissions by 2050. Environment Minister Jonathan Wilkinson made the commitment in a speech at the opening of high-level negotiations at COP25 in Madrid on Tuesday.

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Tensions are building at the climate summit in Madrid as negotiators scramble to find agreement among 200 countries for the launch of a global trading market that would put a price on emissions and accelerate the shift to a low-carbon economy.

Energy Profiles Limited

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Global Environment Facility launched a Global E-Mobility Program at COP25. The program will promote and accelerate the uptake of electric vehicles at scale, with the aim of reducing fossil fuel dependency and improving air quality.

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The National Observer‘s James Glave calls it a “Kitty Hawk moment” – the first flight of an all-electric float plane on the Fraser River south of Vancouver. The converted DeHavilland Beaver, the workhorse of the North, has a 750-HP electric motor.

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A Calgary high-tech company providing direct liquid cooling to the world’s most demanding data centres has recorded 100 new hires this year and is planning more growth. CoolIT Systems designs and manufactures systems required by huge data centres.

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The University of Toronto’s Trinity College has submitted a Zoning Bylaw Amendment application for a 5-storey institutional building containing a 350-bed student residence, classrooms, and office space adjacent to Varsity Stadium.

Matrix360

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Three Nova Scotia towns are planning to build “solar gardens” to generate nearly six megawatts of power and they are hoping their citizens will support the project. Antigonish, Berwick, Mahone Bay and Riverport all own traditional and ‘renewal’ electrical utilities.

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Some Nova Scotians are considering an off-grid home driven by electricity outages and storms and a desire to be environmentally friendly.  Finding the money to build can be tricky as most lenders still consider off-grid homes to be too risky.

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“Green” financial bond issues by private companies and public entities in Canada reached the equivalent of $ 9.6 billion in 2019 surpassing the $ 7.2 billion reached in 2018 according to analyst Andrès Quintana, a specialist in debt securities at Laurentian Bank Securities.

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Freddie Mac analyzed data collected through its Green Advantage program, finding significant reductions in energy and water consumption and projected average annual tenant utility cost savings of $291 as a result.

Agents for real change

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Some of the most alarming science surrounding climate change is the discovery that it may not happen incrementally but in a series of lurches as “tipping points” are passed. Tipping points can form a cascade with each one triggering others.

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Manulife Investment Management and Concordia University have signed a five-year partnership enabling some top business students to better understand the principles of environmental, social and governance (ESG) investment in a capital market environment through a new Sustainable Investing Practicum.

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The new president of the EU’s executive commission presented details of the “European Green Deal” Wednesday. Calling it “Europe’s man on the moon moment”, Ursula von der Leyen’s plan is to make the EU the world’s first “climate-neutral” continent by 2050.

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Harmac Pacific in Nanaimo will receive more than $800,000 in provincial funding for a new sludge treatment system that the company says will reduce greenhouse gas emissions by reducing the amount of natural gas it needs to burn for its boilers.

BOMA

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The Canadian government has approved the province of Alberta’s plan to price industrial pollution, the federal environment minister said on Friday, marking a rare point of agreement in the two governments’ fractious relations.

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UBC’s board of governors has declared climate change an emergency and now plans to divest its endowment fund from fossil fuels after receiving a letter signed by 1,600 people and a “decisive” referenda held by the university community requesting the divestment.

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As world leaders converge at the climate summit in Madrid to debate how to shift to a net zero-economy, Michael Sabia is leaving the helm of the Caisse having firmly placed Quebec pension fund at the forefront of low-carbon investing.

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To support the development of cleantech companies, four Québec-based institutions are investing US$29 million in the new US$156.5 million Spring Lane Capital Fund I. They’re looking to finance the start-up and post-start-up phases of cleantech companies in sustainable development.

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