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H2O Innovation, Cycle Capital launch $30M watertech fund
H2O Innovation, Cycle Capital launch $30M watertech fund
Water treatment technology firm H2O Innovation Inc. has launched a venture capital fund with Montreal-based climate-tech investor Cycle Capital, aiming to provide $30 million for innovators in healthier, sustainable water use.
Francis Pomerleau joins CarbiCrete's board
Francis Pomerleau believes low-carbon concrete producer CarbiCrete is part of “the future of construction”, so the director at Quebec construction giant Pomerleau has accepted a similar role with its board of directors.
Why real estate can't stop making ESG investments
PODCAST: When asked whether the economy has impacted their ESG commitments, representatives from Fiera Real Estate, Slate Asset Management and Colliers agreed: No, it hasn’t. While each company is doing its due diligence, they continue to “hold the line”.
Legal win for Saskatchewan in carbon tax case
The Saskatchewan government says its application for a court injunction to stop the Canada Revenue Agency from collecting the federal carbon tax from the province has succeeded. The issue will now go for a full hearing.
Alberta, companies push back against greenwashing rules
The Alberta government is aiming to soften new rules against greenwashing that led Canadian oil and gas groups to scrub their websites of climate pledges. Alberta Environment Minister Rebecca Schultz said the changes caused "a lot of concern for industry."
Manitoba announces $4,000 EV purchase rebate
Electric vehicle (EV) sales in Manitoba may see a boost following the announcement of a $4,000 provincial rebate for new EVs and $2,500 for used EVs. Manitoba is the seventh province in Canada to offer an EV rebate.
Hexagon Purus to receive up to $8.5M for EV tech
Norway's Hexagon Purus (HPURF) has secured up to $8.5 million from The Commercial Vehicle Innovation Challenge in B.C. The funds will support labour and capital expenditure to develop its battery EV technology for the Tern RC8.
Canada is missing the renewables building bonanza
Thanks to abundant hydro power, Canada has the second highest share of renewable energy in the G20. But according to a new report, Canada risks squandering that advantage as other countries have embarked on a wind and solar building spree.
Melting sea ice may not help Arctic shipping
New research suggests that rapidly melting sea ice in the Canadian Arctic is making shipping routes less accessible, contrary to previous research that suggested it would create new, shorter routes that could become cheaper alternatives to traditional routes.
How Google, Meta, Salesforce fund climate action
Actions such as Salesforce joining Frontier, an advance market commitment from over a dozen companies for the purchase of carbon credits, are the latest signs of rapid growth of advance market commitments to accelerate climate action.
Amazon accused of ‘distorting’ clean-energy claim
Last week, Amazon (AMZN-Q) claimed it reached its goal of sourcing all its power from clean energy sources in the past year. But environmental experts warn the company is “misleading the public by distorting the truth.”
Carbon credits from BP-owned firm have little value
Some forest carbon offsets sold by the biggest offsetting company in the U.S. offer little or no benefit, a satellite analysis has found. Finite Carbon is responsible for over a quarter of U.S. carbon credits.
Las Vegas-sized carbon offsets project wins court reprieve
One of the companies behind the world’s biggest carbon offsets project, PT Rimba Raya Conservation, won a key court battle in Indonesia as it attempts to resume activity at a vast site in Borneo.
Just 19 Chinese EV brands to be profitable by 2030
Just 19 of China’s 137 current electric car brands will be profitable by the end of the decade, leaving the rest to exit the industry, consolidate or battle for a minor market share, according to consultancy Alixpartners.
Apparel businesses struggle in sustainability index
Only a small sliver of apparel businesses are reducing emissions and eliminating waste through circular product design, resale or reuse, according to Kearney’s 2024 Circular Fashion Index. Levi's, Patagonia and The North Face fared the best.
U.S. offers $1.2B loan to expand battery supply chain
The U.S. government offered a conditional $1.2 billion US loan to Entek Lithium Separators. Entek plans to use the loan to back the financing of a $1.5-billion US separator factory it is building in Indiana.
First solar-covered canal in U.S. to go online
Work is nearly complete on a pilot project erecting solar canopies over a canal on tribal land south of Phoenix, Ariz. When finished, it will be the first solar-covered canal in the U.S.
World not on pace for 2030 renewables goal: report
Despite growing at an unprecedented rate last year, renewable energy sources are still not being deployed quickly enough to put the world on track to meet an international goal of tripling renewables by 2030, new data shows.
The comedian who wants to make the climate funny
Climate change isn’t known for giving anyone the giggles. But Esteban Gast, a Los Angeles-based standup comedian, hopes to raise awareness and stimulate action with a paid fellowship for comedians to learn from climate experts.
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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