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Purpose Investments ends energy transition fund
Purpose Investments ends energy transition fund
Purpose Investments Inc., a Toronto-based asset manager, announced it would terminate its energy transition fund because of management challenges from insufficient assets. As of Jan. 26, the fund held $2.9 million in assets under management
Hydro-Quebec selects 8 wind projects totalling 1,150MW
Following a call for tenders, Hydro-Quebec has chosen eight projects, mostly located in the southern part of the province. Boralex, Innergex and Kruger Énergie each had two projects accepted. Invernergy and Pattern Renewable Holdings Canada each had one project accepted.
Proposed Van. Island solar farm would power 20,000 homes
According to planning documents, Recurrent Energy is planning to construct a 235-hectare solar farm near Sooke, B.C., capable of providing energy for approximately 20,000 homes. The plant will generate up to 100 megawatts of renewable energy.
Questerre shares rally after Québec court ruling
Calgary-based Questerre Energy Corp. (QEC-T) says it supports a Québec Superior Court ruling on its application to halt provisions of Bill 21’s ending of petroleum exploration and production. Questerre shares were up more than 45 per cent early Friday.
Leader Lane innovating in mid-rise market with mass timber
Through the use of mass timber in the creation of more sustainable buildings, Leader Lane Developments is carving out a niche in crafting community-centric spaces that resonate within the Greater Toronto Area's multifaceted urban landscape.
 | The 360 on Energy and Carbon COP28, what’s next?David ArkellOwner, CEO, 360 Energy Inc. |
Toronto courthouse project earns LEED Gold certification
EllisDon’s highrise courthouse project in downtown Toronto has achieved LEED Gold certification, the builder said. The project involved the construction of a 17-storey tower on a four-storey podium, with two underground levels, located north of Toronto’s City Hall.
Saint John metal recycling operation wins property tax cut
The controversial scrap-metal shredding and export site in Saint John, N.B. that was at the centre of a major two-day fire last year is in line for a 5.8 per cent reduction in its municipal property tax bill in 2024.
Lion Electric begins deliveries of new e-school bus model
Quebec-based electric bus and truck manufacturer The Lion Electric Company (LEV-T) says it has commenced customer deliveries of its newly-launched LionD school buses in California. The LionD offers a range of up to 249 kilometres on a single charge.
Nova Bus secures order for up to 53 e-buses
Nova Bus, based in Saint-Eustache, Que., has been awarded a five-year contract for up to 53 e-buses by Regina, Sask. The first seven buses are scheduled to be delivered in 2025. Nova Bus is a member of the Volvo Group.
Ecolomondo's shares-for-debt agreement approved
Montreal-based cleantech company Ecolomondo Corporation (ECM-X) says the TSX Venture Exchange has accepted for filing the company's proposal to issue 25,917,430 common shares, retroactively to January 2, 2024, to settle outstanding debt of $3,498,853.
Anaergia announces further update to strategic investment
Burlington, Ont.-based renewable fuels company Anaergia Inc. (ANRG-T) says the closing of the $13.6 million first tranche of the previously announced equity investment of $40.8 million from Marny Investissement is now expected to occur on Jan. 29, 2024.
P.E.I. city walking the walk on green transition
Sixty-two per cent of the power used by Summerside, P.E.I. comes from local renewable sources like Summerside Sunback, a 68-acre solar farm that is is expected to produce enough electricity to power more than 2,500 homes each year.
Are heat pumps a climate solution in Canada's coldest cities?
A study by Natural Resources Canada found that while switching to electric heat pumps from gas or oil reduces greenhouse gas emissions in many provinces, cold-climate air-source heat pumps actually increase emissions compared to gas furnaces in Alberta and Saskatchewan.
UVic, Bombardier partner to develop lower-emission planes
Bombardier Inc. (BBD-B-T) unveiled the second stage of its new EcoJet aerodynamic prototype developed with the University of Victoria’s Centre for Aerospace Research as the aviation company seeks ways to reduce aircraft emissions.
World’s first ethanol-to-sustainable jet fuel plant opens
The plant in rural Georgia, which received U.S. government funds, plans to use biofuel made from both traditional raw materials, including American-grown corn, as well as from advanced technologies, according to LanzaJet CEO Jimmy Samartzis.
Why climate risk should also factor into where you live
Insurers in Florida have been taking the effects of climate change into account with greater diligence as climate-fuelled extreme weather gets worse. Canadian insurers are also watching the trends carefully and adjusting where needed.
IKEA sets new targets for emissions cuts
IKEA, the world’s biggest furniture brand, on Thursday said it aims to cut emissions by 50 per cent by its 2030 financial year, up from its previous target of 15 per cent, which it already exceeded in 2023.
HSBC unveils its first net-zero transition plan
Following through on its 2020 net zero ambitions, global bank HSBC has released its inaugural Net Zero Transition Plan, outlining its roadmap for financing and supporting the global transition to a low-carbon economy.
Clean energy was China's biggest driver of 2023 GDP growth
China’s clean energy sector accounted for the largest portion of the country’s economic growth in 2023, according to a report by a global research agency released on Thursday, contributing 40 per cent of the its economic expansion last 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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