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Electra inks cobalt supply deal to meet refinery capacity

6 months ago

Electra inks cobalt supply deal to meet refinery capacity

Electra Battery Materials Corporation (ELBM-X) has announced it signed a three-year supply agreement with Luxembourg miner Eurasian Resources Group that will provide the cobalt needed to meet annual capacity for its Temiskaming Shores, Ont. refinery.

Panel to bolster sustainable finance markets ends its work

The Sustainable Finance Action Council, an expert panel appointed by the federal government to accelerate the growth of Canada’s sustainable finance market, has disbanded at the end of a three-year mandate marked by frustrations over a lack of progress.

BMO publishes updated Sustainable Bond Framework

BMO (BMO-T) has announced changes to its Sustainable Bond Framework. Additions to the framework include financing activities related to nuclear energy, low-carbon fuels, the electrification of key industrial activities and climate change adaptation.

H2O Innovation awarded 8 new water treatment projects

Quebec City-based H2O Innovation Inc. says its water technologies and services business line obtained eight new water treatment contracts over the past few months. The most significant is the Donald C. Tillman Advanced Water Purification Facility in Los Angeles.

Exro gets shareholder approval for merger with SEA Electric

Exro Technologies Inc. (EXRO-T) has announced that all necessary shareholder and stockholder approvals required for the proposed merger with SEA Electric Inc. have been obtained. The transaction is expected to be completed on or about April 5.

CarbiCrete hires Andrée Pinard as chief financial officer

Montreal-based CarbiCrete, which focuses on the decarbonization of concrete, has annouced the hiring of Andrée Pinard as chief financial officer. Pinard has held senior positions at BMO/Nesbitt Burns, CSL Group, Intact Insurance and most recently, Cogeco.

NEO Battery Materials, PyroGenesis announce new directors

Two Canadian companies have added new directors: Vancouver's NEO Battery Materials Ltd. (NBM-X) has appointed Dongmok Whang as a new director of the company; and Montreal-based PyroGenesis (PYR-T) has named Paul Rajchgod to its Board of Directors.

Manitoba EV sales incentive ‘going to kick-start things’

Many enthusiasts believe Manitoba’s new electric vehicle (EV) incentive, announced in Tuesday’s provincial budget — $4,000 for new vehicles under $70,000 and $2,500 for pre-owned ones — is just what’s needed to get the sector rolling.

Ford delays some N. American electric SUV, truck production

Ford Motor Co. (F-N), said on Thursday it had delayed the planned launches of three-row EVs in Canada and its next-generation electric pickup truck built in Tennessee as the slowdown in EV demand globally forces automakers to revise production plans.

What Tesla's troubles tell us about the EV industry

Tesla's (TSLA-Q) disastrous earnings report this week has sparked a sell-off of the world's largest EV manufacturer. Tesla's bad news often acts as a sort of proxy for how people feel about the broader state of the EV market.

CN adds hybrid locomotive from Progress Rail

CN (CNR-T) has purchased its first hybrid diesel-battery electric mainline locomotive from Progress Rail, a Caterpillar Company, as part of its decarbonization plans. The purchase was made in part with a $3.2-million award from the province of B.C.

The growing gap between Canadian and U.S. cleantech firms

A recent study suggests there are large differences between the cleantech industries in Canada and the U.S. Cleantech has much better prospects in the U.S., while oil and gas firms in Canada may outlast their American counterparts.

Dow's Alta. project highlights 'opportunity' of energy shift

COLUMN: The idea of decarbonizing Alberta’s energy sector has long been viewed as a risk to the fossil fuel industry. Today, it’s seen as an opportunity. For example, Dow’s $9-billion, net-zero petrochemical project being built in Fort Saskatchewan.

Why climate change on the farm means a big bill for taxpayers

Taxpayer money already supports the agriculture industry in Canada to the tune of billions of dollars each year, and some say the bill will rise as climate change-driven natural disasters make it harder for farmers to eke out a living.

Northvolt sanctioned for clearcutting Montreal-area wetlands

Swedish EV battery maker Northvolt has been issued a non-compliance notice by the Quebec Environment Department after it hired a subcontractor that clear cut 1,044 square metres of wetlands near the site of its future plant in Saint-Basil-le-Grand.

U.S. awards $27B in green bank grants for clean energy projects

The U.S. Environmental Protection Agency awarded $27 billion in federal green bank grants to eight community development banks and non-profit organizations to use on projects combating climate change in disadvantaged communities, and helping Americans reduce their carbon footprints.

Climate change is not in the Fed's mandate

The American Federal Reserve (Fed) must focus on its missions – controlling inflation and full employment – and not venturing into other areas, such as the fight against global warming, its president Jerome Powell said on Wednesday.

Renewables growth still lags climate targets, think tank says

The world added less than half of the new renewable energy capacity needed to meet its climate goals last year, with rising energy demand and weak grid infrastructure slowing the shift from fossil fuels, according to Paris-based REN21.

How climate change looks through the lens of top photojournalists

Independent non-profit World Press Photo has revealed the regional winners in its annual contest for the most compelling images. Winning projects feature the consequences of global warming in every continent, from wildfires in Canada and Australia to floods in Bangladesh.

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