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Air Canada’s next sustainability step: 30 electric aircraft

2 years ago

With the announcement by Air Canada that it is buying 30 ES-30 electric hybrid aircraft being developed by Sweden’s Heart Aerospace AB, Canada’s major airline has taken a key strategic step in its commitment to a sustainable aviation industry.

Exro Technologies Inc. has signed a strategic development and distribution agreement with Inferno Solar Ltd., an electric vehicle and solar charging solutions provider.

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The 1.6-million-square foot Écoparc industrial campus in Saint-Bruno-de-Montarville in Greater Montreal will sport a $450 million investment in sustainability features, according to developers Montoni Group and partner Alberta Investment Management Co.

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Brookfield Asset Management Inc. acquired two U.S. renewable-power companies — Scout Clean Energy and Standard Solar — for a total of $1.54 billion and plans to invest as much as $510 million to further develop those businesses.

Sustainable Biz 2023 Media Kit

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Enbridge Inc. says it has bought Tri Global Energy, a U.S. renewable power project developer, for US$270 million (C$370 million) in cash and assumed debt.

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NextEnergy subsidiary Starlight has increased its global pipeline of renewable energy projects, following entry into Canada and Romania. Starlight is targeting development of 1.75 GW of solar capacity and is aiming to develop 1 GW in Canada over the next five years.

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CIBC says it aims to cut the emissions intensity of its power generation portfolio by 32 per cent by 2030 in the latest climate target released by a Canadian bank.

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Green investment in Canada has hit back-to-back records over the past couple of years, but the country still risks falling further behind other countries, a new report by the Royal Bank of Canada (RBC) said.

Brightly

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The federal government is trying to entice Canadian pensions to finance the building of dozens of electric battery plants and lease them back to the automotive industry.

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One ingredient at a time, mining titan Rio Tinto is in the process of investing in the battery sector for electric vehicles at its Sorel-Tracy facilities, and making a name for itself in this new market.

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Sustainable Marine’s tidal energy technology is set to play a central role in the Ocean Energy Smart Grid Integration Project, as final testing gets underway in Nova Scotia, Canada.

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Anglo-Canadian company Moltex Energy has launched what it says is a nuclear fission reactor powered by salt, with the aim of protecting consumers from surging energy bills, without damaging the environment and resorting to fossil fuels.

Gentai Capital

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Canada’s steel industry can tap into hydrogen-based fuel sources and carbon capture techniques to produce greener steel.

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A new luxury condo coming to Oakville’s Bronte Village will put residents close to the blue of Lake Ontario while raising the bar for green living. It will use a geoexchange system for heating and cooling.

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For commercial real estate (CRE) firms seeking to expand their workforce in anticipation of more ESG regulations and reporting requirements, one of the most precious resources might be talent with the right ESG analytics experience and skills.

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While most climate tech innovations fall clearly into the mitigation category, adaptation software like Pano AI is one example of climate tech startups emerging to tackle conditions, such as wildfires.

Fengate

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TotalEnergies said on Wednesday it is looking to spin off its Canadian oil sands operations and list them on the Toronto Stock Exchange, as the assets do not fit with the French oil major’s low-emissions strategy.

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German brown coal miner and power generator Leag unveiled plans on Thursday to build a 1,000 MW solar park that could open in early 2026, as it looks to expand in renewable energy.

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China’s net-zero goal has strengthened the financing landscape for the country’s climate tech sector.

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After 26 years, Bridget Storrie has learned that all mining operations require us to look at how what we consume relates to the fate of the planet.

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