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Recent Articles

Canada underestimates challenge of getting to net zero: Advocate

3 years ago

BIZ   •   • 

Canada is underestimating the scale of the challenge before us to transition to a net-zero economy. “The approach that we have been taking to the targets that we’ve set for ourselves is very much a top-down, technological deployment first.”

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In its new road map for achieving net-zero global carbon emissions by 2050, the International Energy Agency (IEA) warns that the world must stop developing new oil, gas, and coal fields or face a rise in global temperatures.

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In its first-ever Net-Zero Company Benchmark of the world’s largest corporate emitters, Climate Action 100+ defines key indicators of success for businesses to align with a net-zero emissions future and the goals of the Paris Agreement.

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Laurie Clark is a Bay Street veteran who’s turned her attention to environmental, social, and governance (ESG) disclosure, an arena for some of the world’s largest companies and consultancies. But her focus is the needs of smaller organizations.

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The B.C. government is investing in eight mass timber buildings and four research projects. It also declared that every new civic building will be made mostly of mass timber, starting with Vancouver’s new St. Paul’s Hospital and the new Royal BC Museum in Victoria.

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Under former CEO Paul Polman, Unilever—producer of brands such as Hellmann’s, Dove, Breyers, and Red Rose Tea—expanded into greener brand categories and embraced a “sustainable living plan” that includes climate action, eliminating food waste, and promoting human rights.

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In an “unprecedented move,” 81.2% of Dupont shareholders voted in favour of the company reporting on plastic pellets it releases into the environment. It is the highest vote ever for a shareholder resolution on an environmental issue that was opposed by management.

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Royal Dutch Shell shareholders backed the company’s energy transition strategy, but increased support for a second climate resolution filed by an activist group pointed to growing pressure to tackle climate change. The company’s stock (RDS-A-N) increased by 1.46 per cent.

Yardi Pulse

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The federal government wants to train 2,000 people to conduct energy audits as part of a new green home renovation program. Natural Resources Minister Seamus O’Regan says the government will provide up to $10 million to recruit, train, and mentor advisers.

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Intellimeter has partnered with RVE and Day2Day Sales Inc. to expand its market area and add existing customers in Eastern Ontario. As a result, RVE has become the leader in energy management of EV charging in Quebec.

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Schneider Electric, a global leader in sustainable energy management, announced the launch of Square D Wiring Devices in Canada. They bring style and connectivity to the residential market with a focus on delivering devices to electricians, homebuilders, and homeowners.

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WattEV is building a first-of-its-kind, 25-MW microgrid in Bakersfield, California, that would host chargers for electric trucks. Its “solar generation and battery storage [are] key to having a stable supply of affordable high-power electricity,” said Salim Youssefzadeh, WattEV CEO.

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Farm Boy‘s newest store in Barrhaven is the first to open without single-use plastic grocery bags. The 39th Farm Boy officially opened Monday at 1581 Greenbank Road, at Strandherd Drive. The 35,000 sq. ft. location will employ 135 people.

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The UK’s waste management company BusinessWaste.co.uk is concerned about the volume of plastic, which could circle the globe twice and is piling up in landfills, caused by non-recyclable toothpaste tubes. As a result, the company is calling for plastic-free alternatives.

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It has been eight years since the Rana Plaza garment factory collapsed in Bangladesh, killing 1,134 people and injuring roughly 2,500. The collapse was attributed to several factors, including being built on an unstable base with substandard materials and too many floors.

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Food giant Nestle, home furnishings leader IKEA, tech services powerhouse Tech Mahindra, and wireless behemoth Ericsson have all publicly committed to working with suppliers in their value chain to halve emissions by 2030 and reach net zero before 2050.

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A record $25 million conservation challenge grant from Wallis Annenberg and the Annenberg Foundation to the National Wildlife Federation‘s #SaveLACougars campaign to build a wildlife crossing in the Los Angeles area will help the project break ground later this year.

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The inaugural Building Diversity Awards (BDA) were presented virtually May 13, recognizing contractors, unions, and individuals who are championing the increased participation of racialized and underrepresented workers in the construction industry in Ontario.

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Home Power Solutions (HPS) has joined the European Clean Hydrogen Alliance. Berlin-based provider of Picea, the world’s first hydrogen-based electricity storage system for one- and two-family houses, membership is part of the effort to transform Europe’s energy supply.

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OMERS Private Equity and the Alberta Investment Management Corporation (AIMCo) have sold a controlling stake in consultancy Environmental Resources Management (ERM) to private equity firm KKR, the Canadian funds said on Monday.

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