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PSP Investments, Starlight back Greensoil proptech fund
PSP Investments, Starlight back Greensoil proptech fund
Greensoil PropTech Ventures launched its $100-million (US) Greensoil PropTech Ventures Fund II LP with support from major institutional investors. Its focus will be proptech companies providing products, services and technologies to make real estate more productive, efficient, and sustainable.
Hydrogen market at ‘tipping point’: Bank of America
• CNBC • Business in Vancouver
Investments in hydrogen technologies have skyrocketed with hydrogen being touted as the ‘fuel of the future.’ Industry experts predict that hydrogen could become globally traded and Bank of America says it is set to explode into an $11-trillion marketplace.
Ottawa, Germany to agree on hydrogen development plan
Canada has a chance to get a leg up in the heated global race to produce and sell hydrogen. The federal government will sign an agreement with Germany to work together on the clean-energy transition, including developing policies and regulations.
Quebec, Ottawa invest in electric vehicle battery plant
• CBC • Yahoo Finance • Canada Newswire
Ottawa is providing a loan to Lion Electric, a Saint-Jérôme-based company that makes electric trucks and school buses, to build a new factory that assembles battery packs for its vehicles. Roughly $30 million is forgivable if the company meets certain conditions.
Canadian Tire testing autonomous trucking technology
Canadian Tire is teaming up with Toronto-based startup NuPort Robotics, Canada’s first autonomous trucking company, to partner with the Ontario government to invest $3 million to undertake an automated heavy-duty trucking project to test a first-of-its-kind-in-the-world technology.
GFL to buy competitor Terrapure for $927M
GFL Environmental is set to acquire Terrapure Environmental for $927 million in a deal that will see the Canadian-based waste management giant expand its customer base across the country and cement its position as one of N.A.’s largest waste management providers.
York Group of Companies acquires MCS Group
York Group of Companies, a leading provider of environmental and infrastructure services in Ontario, has acquired Toronto-based MCS Group, effectively expanding its portfolio of services to include hydro excavation, CCTV sewer inspection, directional drilling, detailed excavation and site services.
EU sustainable investing standard could become global
European Union sustainable investing standards could easily end up as the global norm. Last week, money managers selling financial products into the EU must publish information to back up the sustainability claims of both their company and individual products.
Feds to spend on energy efficiency in Ontario schools
• Daily Commercial News • REMI Network
The federal government has announced it will spend $40.8 million through the Climate Action Incentive Fund to upgrade 162 schools in Ontario to be more energy efficient. Funding for the program is being allotted from federal carbon-pollution pricing revenues.
Mass timber to make B.C. schools more quake-resistant
Bayview Elementary School and Sir Mathew Begbie Elementary School are part of a Vancouver School Board pilot project for future mass timber schools. Bayview Elementary was demolished, making way for a new school to be constructed with greater earthquake resistance.
Ottawa funds Clarke Lake geothermal project
Ottawa has committed more than $40 million to fund the development of geothermal power from a diminishing natural gas field on the Clarke Lake field near the community of Fort Nelson, which is nearing depletion after nearly 60 years of production.
Log confirms geothermal power potential in Alberta
No. 1 Geothermal LP announced its recently completed detailed temperature log returned a bottom hole temperature of 118° C conducted on a well south of Grande Prairie confirming the temperature required to effectively generate geothermal power.
Canadian companies appointing more women
Public companies have made progress in making more female appointments, according to the sixth annual report on women in board and executive roles at public companies from the Canadian Securities Administrators (CSA), a review of the disclosure of 610 issuers.
Altus Group pledges its commitment to diversity
Altus Group Limited, a leading provider of software, data solutions, and independent advisory services to the commercial real estate industry, announced CEO Mike Gordon joins nearly 2,000 CEOs who have pledged to take action to advance diversity, equity and inclusion.
Toronto watershed contaminated with road salt
Road salt applied in wintertime is threatening at least two-thirds of the aquatic life found in the GTA’s four rivers. A new study shows almost 90 per cent of the 214 sampled sites exceeded the federal chronic exposure guidelines for chloride.
Vancouver sewage plant project balloons to over $1B
Metro Vancouver released a revised estimate for the North Shore Waste Water Treatment sewage treatment plant plus a massive new two-kilometre pipe and pumping station that is now at $1.058 billion. The massive construction project is also several years behind schedule.
Turkey goes zero waste in agriculture
• Daily Sabah • Canadian Grocer • Calgary Herald
The Zero Waste project initiated by first lady Emine Erdoğan in 2017 is continuing in full speed as Turkey aims to free its agriculture from waste. The country aims to recycle every byproduct that agricultural activities cause, from planting to harvest.
Palari pioneers 3D printed zero net energy homes
California-based Palari plans to develop a five-acre parcel planned community of 15 eco-friendly homes, built utilizing the 3D-printed panelized Mighty Kit system by Mighty Buildings. This $15 million sustainable development is the world’s first planned community of 3D printed homes.
Two-thirds of original tropical rainforest cover destroyed
Humans have degraded or destroyed roughly two-thirds of the original tropical rainforest cover, new data reveal – raising alarm that a key natural buffer against climate change is vanishing. The dense tropical forest vegetation represents the largest living reservoir of carbon.
Bezos hires Earth Fund CEO to speed spending of $10B
Amazon.com’s Jeff Bezos has named Andrew Steer, head of the World Resources Institute, as CEO of his $10 billion Bezos Earth Fund started last year. The fund has $10 billion to fund scientists, activists, nonprofit organizations, and other groups fighting climate change.
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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