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Algonquin to sell renewables business to LS Power for up to $2.5B
Algonquin to sell renewables business for up to $2.5B
Algonquin Power & Utilities Corp. (AQN-T) has agreed to sell its renewable energy business to a subsidiary of New York-based LS Power for up to $2.5 billion US. Algonquin announced it would pursue the sale in August 2023.
Volt’s lithium extraction promises low environmental footprint
Calgary-based Volt Lithium Corp. (VLT-X) is nearing the first field deployment of its direct lithium extraction technology, which could open up more supplies of the key battery mineral in North America.
Creative sustainable strategies for luxury fashion brands
GUEST SUBMISSION: Sustainability continues to be top of mind across industries, trickling down and influencing how consumers make purchase decisions. In fact, 69 per cent of Canadians are reportedly paying more attention to the environmental impact of what they consume.
Greenlane Renewables reports Q2 results
Vancouver-based Greenlane Renewables Inc. (GRN-T) announced its financial results for the quarter ended June 30, 2024. Highlights include: revenue of $14.6 million; net loss and comprehensive loss of $400,000; and gross profit of $3.8 million.
Anaergia reports Q2 financial results
Anaergia Inc. (ANRG-T) announced its financial results for the three- and six-month periods ended June 30. Quarterly revenues decreased by 45 per cent, or $18.9 million, to $23.6 million, and gross profit margin increased to 17.6 per cent.
Bison finishes evaluation for Alta. carbon storage project
Calgary-based Bison Low Carbon Ventures Inc. has announced the completion of the Meadowbrook Carbon Storage Hub evaluation phase activity and the granting of an initial 15,360-hectare carbon sequestration agreement from Alberta's Minister of Energy and Minerals.
Millbank to change name, focus on natural hydrogen
Vancouver-based Millbank Mining Corp. (MILL-X) intends to shift its focus from precious metals mining to the exploration and development of opportunities in clean energy, specifically natural hydrogen. The company also plans to change its name to Primary Hydrogen Corp.
Deal for Terrace Bay solar park could be finalized this year
When your town is desperately in need of revenue, a chance to get $200,000 a year during a long-term lease looks pretty appealing. That's the opportunity being presented to Terrace Bay, Ont. by EDF Renewables.
Alberta green jobs forecast to increase over next decade
With a generation of workers set to retire and a growing green economy, Alberta's environmental workforce is forecast to grow significantly over the next decade. But challenges, such as ongoing labour shortages and regulatory uncertainty, are likely to remain.
Will Mackenzie River turbine project mean 'bye bye diesel'?
A N.W.T. service centre is looking at using a submersible turbine to harness the power of the Mackenzie River and turn it into electricity. If all goes well, two turbines would generate more power than the service centre needs.
FortisBC offers rebate for switch to dual heating system
FortisBC announced a new rebate last week for homeowners who replace older gas heating systems with energy-efficient electric heat pumps and high-efficiency gas furnaces. The rebate will provide eligible homeowners with upward of $10,000 if they make the switch.
Nikola ramps up deliveries, trims losses in Q2
Nikola grew its top line revenue 318 per cent in Q2, generating $31.3 million US, while wholesaling 72 hydrogen fuel-cell-electric trucks in the quarter. That marked an 80 per cent increase in wholesaled trucks from Q1.
United Airlines set to start using low-carbon jet fuel
Last week, United Airlines (UAL-Q) announced it’s purchasing up to one million gallons of sustainable aviation fuel from Neste, a major producer of the fuel, to use at Chicago O’Hare International Airport through the end of 2024.
U.S. offers $1.45B in financing for Georgia solar plant
The Biden administration is offering South Korea-based Qcells as much as $1.45 billion US in conditional financing to construct the biggest U.S. plant that will produce silicon ingots and wafers, the building blocks of solar panels.
One-time solar icon SunPower files for bankruptcy
SunPower, a Silicon Valley solar pioneer, filed for bankruptcy in Delaware yesterday, marking the collapse of a one-time icon of American solar. SunPower identified assets and liabilities between $1 billion and $10 billion in its Chapter 11 petition.
High emissions is making debt more expensive for companies
Europe’s biggest carbon polluters are paying increasingly higher interest rates on their bonds, according to the Dutch central bank. What’s more, polluters investing in technologies to cut emissions get a break in the bond market, compared with peers that aren’t.
Do carbon credits really funnel money to poor countries?
Proponents of the voluntary carbon market say it’s a mechanism not only to advance sustainability goals, but also to funnel much-needed cash to some of the world’s poorest countries. It’s increasingly unclear, however, whether that narrative holds up to scrutiny.
Using activism to hold companies accountable for climate pledges
Matt Price and his climate advocacy group, Investors for Paris Compliance, have elbowed their way into corporate Canada over the past three years using the tools of shareholder activism to push for more rigorous disclosure and tougher net-zero targets.
Plastic-eating fungi offers glimmer of hope in cutting ocean pollution
Scientists at Germany's Leibniz Institute of Freshwater Ecology and Inland Fisheries have identified plastic-eating fungi that could offer some hope in tackling the problem of millions of tonnes of waste polluting the world’s oceans every year.
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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