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Recent Articles

Phyto Organix to build net-zero protein facility

2 years ago

BIZ   •   • 

Phyto Organix Foods Inc. has executed a letter of intent toward the purchase of 15 acres in Strathmore, Alta., the future site of what the company plans to be North America’s first net-zero plant protein processing facility.

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The Office of the Superintendent of Financial Institutions (OSFI) issued a draft version of Guideline B-15: Climate Risk Management. This guideline proposes a prudential framework that is more climate sensitive and recognizes the impact of climate change on managing risk.

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A recent RMI report showed that the majority of medium-duty trucks and about half of heavy-duty trucks in N.Y. and California are driving short enough routes that they could be replaced with electric trucks that are on the market today.

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The Biden administration’s goal is for EVs to account for 50 per cent of new car sales by 2030. However, EV subsidies are poorly designed and mostly benefit the rich. Some simple changes could make them more effective and equitable.

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The annual U.S.-based awards recognize landlords, tenants and specific leasing deals for adherence to energy efficiency, sustainability, accessibility and inclusion in the management and operation of commercial and multifamily buildings.

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B.C. Transit has selected Proterra, a California-based commercial electrification company, to lead its bus fleet’s transition program. The $20-million deal will see B.C. transit receive 10 40-foot Proterra ZX5 electric transit buses and one Proterra Energy megawatt-scale EV fleet charger.

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FortisBC Energy Inc. is installing high-efficiency home and water heating equipment in 20 residential homes across the Lower Mainland and Southern Interior — the first units of their kind to be installed in B.C. as part of a FortisBC pilot program.

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Government incentives and regulatory efforts, shorter implementation times, economies of scale and a decrease in solar and storage costs of late are helping the microgrid industry grow. As a result, demand for microgrids is accelerating, according to industry experts.

Energy Profiles

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New RMI analysis shows that investing in and using cleaner energy can help protect against inflation by reducing electricity costs over the next two years. Implementing clean energy tax credits could save American electricity customers over $5 billion a year.

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Since 2007, Google pledged to pursue carbon neutrality and has since signed contracts to procure at least 3,000 megawatts across 26 projects and three continents. That’s a $3.5 billion investment. In Europe, it has spent more than $1 billion.

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Ambient Photonics is turning heads for developing low-light solar cells that can harvest energy from natural and artificial sources. It aims to cut down the size of the power sources required for connected devices that consumers and businesses use frequently.

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A cloud-based platform that will help businesses with a range of ESG practices, including with carbon accounting and automated reporting, has been launched.OneTrust will help businesses track their Scope 1 and 2 emissions and calculate Scope 3 emissions.

Yardi Energy Suite

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World leaders have agreed to work to phase out coal-powered energy, although they failed to set a date for doing so, and said the energy crunch brought on by the Russia-Ukraine war should not derail efforts to fight climate change.

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For more than a century metallurgical coal, used to make steel, has been mined from the mountains in southeastern B.C. As the piles of rock left over from the mining process grew, so did concerns about pollution.

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A southern Alberta town has become what it says is the first municipality to endorse a community-developed policy that calls for a permanent ban on new coal exploration and development in the Rocky Mountains.

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Mining companies face new challenges in incorporating environmental, social and governance (ESG) principles as part of Canada’s Paris Agreement commitments. According to Canada’s GHG inventory, the mining sector’s greenhouse gas (GHG) emissions have been steadily increasing amid EV demand.

Montreal Real Estate Forum

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The push to support adoption of emerging carbon dioxide removal techniques got a big nudge forward this week with the launch of new purchasing pledges, including a $500 million commitment by Alphabet, Microsoft and Salesforce to support CO2 removal projects.

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The U.S. Securities and Exchange Commission (SEC) sanctioned an investment fund manager in an alleged greenwashing case, charging that the firm misrepresented the green bona fides of certain mutual funds. The firm agreed to pay a US$1.5-million penalty.

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A longtime contractor for British multinational Shell has publicly called out the oil and gas company’s climate plans, accusing it of “double talk” by saying it wants to cut greenhouse gas emissions while working on tapping new fossil fuel sources.

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The world’s second-largest asset manager, Vanguard Group Inc., has refused to stop new investments in fossil fuel projects and end its support for coal, oil and gas production.

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