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Li-Cycle seeks restart on Rochester Hub after 2023 troubles
Li-Cycle seeks restart on Rochester Hub after 2023 troubles
Li-Cycle Holdings Corp.’s (LICY-N) management believes the company is back on track thanks to a $101-million investment from Glencore, progress on the strategic review of its beleaguered Rochester Hub, and strong production of recycled battery materials.
New Horizon, Krpan team up on sustainability with NEWRISE
Burlington, Ont.-based developers New Horizon Development Group and the Krpan Group have created a joint venture named NEWRISE to develop and build sustainable communities in the Greater Toronto and Hamilton Area.
Financing, infra key to bus fleet electrification: Schneider
The transition to electrified public transit buses will require upgrading the charging infrastructure, considering new business models and training thousands of technicians, according to Mississauga-headquartered Schneider Electric Canada's Michael Habouri.
Canada, Germany sign MOU on clean hydrogen access
Canada and Germany have signed a Memorandum of Understanding (MOU) to accelerate commercial-scale hydrogen trade between the two countries, and secure early access for clean Canadian hydrogen producers in the German market.
Avalon enters funding agreement for Ont. lithium plant
Avalon Advanced Materials (AVL-T) has entered into a $15-million convertible security funding agreement with Lind Global Fund II, LP. Proceeds will be used to accelerate the work program for Avalon’s planned lithium processing facility in Thunder Bay, Ont.
EverWind, Eastward partner on green hydrogen transportation
EverWind Fuels Company has signed an MOU with Nova Scotia-based energy distribution company Eastward Energy, which includes joint collaboration opportunities to develop and scale up the hydrogen value chain in Nova Scotia.
Cyclic Materials, VAC team up on magnet by-product recycling
Kingston, Ont.-based recycling company Cyclic Materials has announced a partnership with Germany's VACUUMSCHMELZE (VAC) to ensure by-products containing critical materials used in high-performance permanent magnets will be recycled. The magnets are critical components in electric vehicles and wind turbines.
Businesses want 'green' tax credits fast-tracked: KPMG poll
A KPMG in Canada survey says 90 per cent of business leaders questioned want Ottawa to fast-track all outstanding "green" or "clean" economy business investment tax credits. Eighty-three per cent of respondents say they require more assistance to decarbonize.
Why an EV will cost you more in Ontario
According to a UBC study, in order for an electric vehicle (EV) to make as much economical sense as a traditional gasoline car in Ontario, motorists would need to drive at least 88 kilometres a day to achieve cost parity.
Hertz CEO steps down following Tesla purchase debacle
Hertz Global Holdings Inc. is replacing its CEO, Stephen Scherr, in the wake of a disastrous bet on EVs that the company recently began unwinding. He'll be replaced by the former COO of GM's robotaxi Cruise division, Gil West.
Fisker to raise up to $150 million, pauses production
Fisker (FSR-N) said it would pause production of its EVs for six weeks and raise up to $150 million in funding by selling convertible notes as it tries to navigate a cash crunch and weak demand for its cars.
VW wants EU to soften emissions targets
Volkswagen AG needs to reduce emissions by about 15 per cent next year, a task that will be even tougher because of a new European Union (EU) measuring standard more closely aligned with actual driving conditions.
N.B. electric motor system co. secures $400K federal funding
Victory Advanced Technologies, an electric motor production and design company based in Saint John, N.B., has received a total of $400,223 provided by the Atlantic Canada Opportunities Agency to help launch a first-of-its-kind motor system and create job opportunities.
Insurance company pulls plug on N.B. barn solar project
Hetty Smyth thought she was doing the right thing by installing solar panels on her barn in southern N.B. last fall. But when her insurance broker called to renew her policy, she had no idea what was in store.
Battery system launched for Burchill Wind Project
Project partners have announced the launch of a major battery energy storage system, part of the Burchill Wind Project in Saint John. Originally announced in 2022, the Burchill Wind Project partnership is a $95-million Indigenous-led project.
Alta. releases no-go zone map for renewable projects
Alberta has released some details of where and how it will permit wind and solar development, prohibiting it along a stretch of the province's western edge, assessing its visual impact in five other areas and restricting it on agricultural land.
McGill achieves sustainable milestone
McGill University is the oldest in Canada to receive a Platinum STARS sustainability rating. The achievement is the highest rating from what is considered to be one of the most reliable means of measuring an educational institution’s sustainability track record.
LEGO CEO ready to pay extra for renewable plastic
LEGO has started direct talks with manufacturers to convince them to invest in more production capacity, and is buying renewable resin at prices with a premium as high as 70 per cent, according to chief executive officer Niels B. Christiansen.
Germany on pace to reach 2030 climate goals, agency says
Germany is likely to reach its climate goal of cutting greenhouse gas emissions by 65 per cent by 2030 from 1990 levels, even as it struggles to comply in the transport and building sectors, according to its Federal Environment Agency.
Industry Events
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ESG Summit Canada
Oct 30 2024
Arcadian Court, Toronto
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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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