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‘AltCrest 2.0’ begins with CRE heavyweight board, seed funding
‘AltCrest 2.0’ begins with CRE heavyweight board
The founding of a board of directors with three prominent names in Canadian commercial real estate (CRE) and a seed raise begins a second phase for AltCrest Energy, according to founder and CEO Ben Gilbank.
Bird Canada solidifies spot as country's largest e-scooter firm
Bird Canada is poised for another record year of earnings growth in 2024 as it consolidates its position as the largest e-scooter operator in Canada. The Toronto-based company says it holds a 60 per cent share of the market.
Canada Nickel planning $1B processing plant in Ont. for EVs
The plant would have capacity to produce over 80,000 tonnes of nickel annually to fill a gap in North America's electric vehicle (EV) supply chain, and should begin operations by the start of 2027, Toronto-based miner Canada Nickel (CNC-X) said.
Que. per-capita energy consumption among world's highest
Government efforts to decarbonize the economy have done little to reduce per-capita energy consumption in Quebec, which remains among the highest in the world, a new report from HEC Montreal’s energy management chair shows.
SolarBank executes leases on N.Y. ground-mount sites
SolarBank (SUNN-CN) has executed lease agreements on two closed landfill sites located in Skaneateles, N.Y. and Lewiston, N.Y., with plans to develop three ground-mount community solar projects across the two sites with a capacity of 19.3 megawatts DC.
Carbon Streaming announces new agreement with Mast
Toronto-based Carbon Streaming Corp. (OFSTF) says it has entered into a streaming agreement with Mast Reforestation for the Baccala Ranch project in California. This is the third stream under its previously announced agreement with Mast.
PlasCred begins trading on Frankfurt Stock Exchange
Calgary-based plastic waste upcycler PlasCred Circular Innovations Inc. (PLAS-CN), in its 2023 overview, has announced that its shares are now trading on the Frankfurt Stock Exchange under the symbol XV2.
TELUS moves forward on copper-to-fibre upgrade
Vancouver-based telecom TELUS (T-T) says the upgrade has already enabled the reduction of over 7,400 tonnes of greenhouse gas emissions since 2018. According to a release, TELUS' PureFibre is 85 per cent more energy efficient than copper.
Are Cdn. banks greenwashing on sustainability-linked debt?
OPINION: Lack of clear standards has created a rush of companies looking to use sustainability-linked debt to lower their financing costs at a time when many banks are keen to issue such debt to burnish their sustainability reputation.
Wind power giants find little shelter from sector troubles
The world’s three biggest wind power groups – Siemens Energy AG, Orsted A/S and Vestas Wind Systems A/S – this week gave a sober view of the year ahead for an industry buffeted by project delays, equipment problems and inflation.
LG Electronics expands EV charging business to Canada
This business expansion offers charge point operators and commercial property owners additional solutions in the Canadian EV market, initially with Level 2 chargers manufactured at LG Electronics' recently announced EV charger facility in Fort Worth, Texas.
GM signs $18.6B EV cathode supply deal with LG Chem
LG Chem Ltd. has agreed to provide $18.6 billion of cathode materials to General Motors Co. (GM-N) under a long-term supply deal. The agreement will see LG provide more than 500,000 tonnes of cathode materials to GM from 2026.
Toyota boosts spending on EV production in U.S. by $1.3B
Toyota Motor Corp. is boosting investment at a plant in Kentucky by $1.3 billion as it prepares to start U.S. production next year of a three-row, all-electric SUV. The investment brings total outlays at the factory to nearly $10 billion since 1986.
Ford sees new 'reality' for EV sales
Ford's (F-N) latest quarterly results out Tuesday were the latest to underscore the challenge facing an auto industry moving towards an electric future — high prices. Ford's CEO added, as subsidies for EV purchases rolled off, pricing "quickly converged to hybrids."
Do EVs actually cost more? The psychology of sticker shock
Imagine you’re shopping for a new SUV. You’re shown prices for two very similar models, one gas-powered and the other electric. However, the EV costs $20,000 more. Do you immediately write the EV off as being too expensive?
Barclays to adopt fresh curbs on oil and gas financing
Barclays, Britain's biggest lender to the oil and gas industry, told Reuters it will stop direct financing of new oil and gas fields and restrict lending more broadly to energy companies expanding fossil fuel production.
Mass timber has a 'chicken-and-egg' problem
With 767 mass timber projects underway across the U.S., there is more demand than ever for the product that is seen as a more sustainable alternative to traditional building components. But this surge is causing issues in the supply chain.
World’s biggest public hedge fund puts focus on ESG returns
The best defence against attacks on ESG is to persuade naysayers that the investing strategy can actually help financial performance, according to Rob Furdak, the chief investment officer for responsible investment at Man Group.
Dow debuts green bonds to slash emissions
Dow Inc. (DOW-N), a maker of plastics for packaging, has tapped the green-bond market for the first time to borrow $1.25 billion as it looks to reduce its carbon emissions and plastic waste.
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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