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RBC adds $500B in funds for net-zero carbon 2050 goal
RBC adds $500B in funds for net-zero carbon 2050 goal
• Globe and Mail • Canada Newswire
RBC (RY-T) is adding $500 billion to its sustainable financing funds as it commits to achieving net-zero carbon emissions in its lending by 2050. RBC expects to achieve its environmental funding target by 2025 having hit its initial goal of $100 billion last year.
McCain Foods ‘upping’ the stakes in vertical farming
• Canada Newswire • Globe and Mail • Canada Newswire
McCain Foods has made a substantial investment in TruLeaf Sustainable Agriculture and its wholly owned subsidiary GoodLeaf Farms, which uses a proprietary system of specialized LED lights and hydroponics. GoodLeaf grows five microgreens for the domestic market 365 days a year.
Prince George, UNBC success leads to low-carbon future
With temperatures dropping to almost -40 degrees C last week, the City of Prince George and the University of Northern British Columbia have demonstrated two successes in downtown Prince George that demonstrate the value of local ingenuity and local wood products.
True North earns Energy Star certification for 5775 Yonge
True North Commercial REIT has achieved another sustainability benchmark for its class-A office tower at 5775 Yonge Street in Toronto, earning the Energy Star Certification from Natural Resources Canada.
St. Albert builds new solar array on public works roof
The City of St. Albert has wrapped up a solar power project after nearly a year of work. The city installed a photovoltaic (PV) array on Jack Kraft Public Works Facility sand storage shed rooftop, now generating 287 kilowatts of power.
Clear Blue top performer on TSX venture exchange
• Globe Newswire • Sustainable Biz Canada
Clear Blue Technologies (CBLU-X) the Smart Off-Grid company, has been named to the 2021 TSX Venture 50, a ranking of top performers on the TSX Venture Exchange over the last year, comprised of five different industry sectors, with 10 companies from each represented.
Earth Alive closes $5-million private placement
• Globe Newswire • Sustainable Biz Canada
Earth Alive Clean Technologies (EAC-X), a Canadian soil health company that develops and manufactures advanced microbial technology products, a key player in world markets of environmentally sustainable industrial solutions, closed a non-brokered private placement of units.
CIBC joins Partnership for Carbon Accounting Financials
CIBC (CM-T) announced it has joined the Partnership for Carbon Accounting Financials (PCAF), an initiative led by the financial industry to develop a harmonized global standard to measure and disclose the greenhouse gas emissions (GHG) of loans and investments.
As buildings’ lifespans shrink, developers adjust
• NY Times
In 1931, glass bottles of sparkling soda began rolling off the assembly line at Coca Cola’s bottling plant in Indianapolis. It’s unlikely the factory’s architect gave much thought to shifting consumer habits that would make the glass bottle a relic.
Cities sinking under the weight of urban development
In late 2020, engineers began working on a $100-million project to stop San Francisco’s Millennium Tower from tilting and sinking further into the ground. Tenants of the beleaguered luxury condo had learned the 58-storey high-rise had sunk 16 inches in a decade.
Big data can measure environmental inclusivity in cities
• Eos
A big data tool, the Urban Environment and Social Inclusion Index (UESI) can assess environmental conditions of individual urban neighbourhoods. Applying UESI to 164 cities found most cities leave lower-income communities with a higher share of environmental burdens and fewer benefits.
Urban farmers leaving Vancouver for greener pastures
• The Tyee
Less than four years ago, inside an industrial warehouse in East Vancouver, Aaron Quesnel was living his microgreen dreams. Recently, the very same city that had been his launch pad into local food fame became the catalyst for his departure.
Canada, B.C. launch new Nature Agreement
• Canada Newswire • CBC
Canada and B.C. have a long history of shared conservation goals on climate change, environmental protection and conservation. As part of this effort, they have announced pilot projects that use new approaches for protecting species at risk and enhancing biodiversity.
Alberta to promote ESG measures in oil patch
Alberta will establish an office to promote the oil industry’s environmental, social and governance measures in the hope it can help stem the tide of divestment from the oil sands and the Canadian energy sector.
Using experience in seeking sustainable investments
In 2020, Geoffrey Briant received a call from his old friend Brian O’Sullivan, who was looking for new renewables investments having sold his stake years earlier in a wind farm that supplies most of the power to Mexico’s biggest auto plant.
Canadian cleantech is forced to sell abroad
Canada is preparing to make a big splash in green infrastructure to kick-start the national economy after COVID-19. Canada is loaded with promising clean technology startups – they have the tech and they want to be part of the solution.
Ocean Brands, plastic neutrality and Cleanhub partnership
As part of its commitment to protecting and preserving the planet, Ocean Brands announced its partnership with Berlin-based, sustainability start-up, Cleanhub, which funds businesses that collect and recover low-value plastic, recycling it or turning it into alternative fuel.
Ingersoll Rand to reduce GHG emissions 60% by 2030
Ingersoll Rand, known in Canada for its compressor systems and power tools, released its 2030 and 2050 environmental goals designed to reduce the impact of its operations and products on the environment, and support customers and partners in doing the same.
CPP-backed ReNew to go public in US$8B SPAC
ReNew — one of India’s largest renewable-energy companies — will merge with RMG Acquisition Corporation I in a deal expected to bring in US$1.2 billion in cash.
NREP raises $200M to fund green proptech
Nordic real estate fund manager NREP has launched a venture capital firm to invest in technologies related to sustainable property development. 2150 aims to speed up the urban environment’s green transition and has secured $200,000,000 for its first fund from investors.
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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