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Li-Cycle seeks to steady cash position after tumultuous 2023
Li-Cycle seeks to steady cash position after tumultuous 2023
Li-Cycle Holdings Corp. (LICY-N) has taken steps to steady its finances and increase cash on hand by cutting its workforce and progressing on its loan with the U.S. Department of Energy, the company announced in its Q1 results.
Quebec's Deep Sky opts for Alberta
Deep Sky – partly financed by Quebec – will lay the foundations of its carbon capture and storage project in Alberta, La Presse has learned. Co-founder Frédéric Lalonde said it was mainly regulatory reasons that prompted the Montreal company to head west.
Hydro-Quebec looks to leave JV with Dana TM4
Faced with the colossal investments that await it over the next decade, Hydro-Quebec has decided to exercise its option to sell the 45 per cent stake in its joint venture (JV) with Dana TM4, which specializes in transportation electrification.
CAPREIT to retrofit 60 rental buildings
CAPREIT (CAR-UN-T) has received approval on a $70-million loan through the Canada Infrastructure Bank to finance deep energy and decarbonization upgrades at rental buildings across Canada. The upgrades include high-efficiency electric heat pumps, lighting retrofits and sub-metering.
Stantec’s net income rises 22.3% in Q1
Edmonton-based sustainable design and engineering company Stantec (STN-T) has reported a net income of $79.4 million for the first quarter of 2024, marking a 22.3 per cent rise from $64.9 million in the same time last year.
New pipeline to supply Edmonton-area net-zero plant
Canadian Utilities Ltd., a subsidiary of Calgary-based holding company ATCO Ltd. (ACO-X-T), plans to build a new $2-billion natural gas pipeline in Alberta that will supply a massive net-zero petrochemical project being built northeast of Edmonton.
E3 expands lab to include lithium carbonate production
E3 Lithium Ltd. (ETL-X) has announced it is expanding its Calgary-based lab to incorporate the equipment to complete the polishing and production of battery products, such as lithium carbonate and lithium hydroxide.
Maple Leaf Green World signs lease to build solar farm
Maple Leaf Green World Inc. (MGW-CN) has signed a 40-year ground lease agreement with Coronation, Alta. for the development of a 12-megawatt solar farm. The solar farm is expected to generate clean electricity for the Alberta Power Pool.
GreenPower closes $3.1M underwritten public offering
Vancouver-based electric vehicle maker GreenPower Motor Company Inc. (GPV-X) has announced the closing of its previously announced underwritten public offering. The offering consisted of 1.5 million common shares and warrants to purchase 1.5 million common shares.
Honda to ramp up R&D spending as it expands hybrid push
Honda (HMC-N) will increase R&D spending this financial year by nearly a quarter to boost its competitive edge in hybrid and other electrified vehicles, as it forecast a 2.8 per cent rise in operating profit for 2024 to 2025.
Motiv delivers 55 electric trucks to Purolator
California-based Motiv Power Systems has completed the delivery of 55 electric trucks to Purolator. The new trucks bring Purolator’s total Motiv truck count to 60, which have been deployed across Canada in Richmond, B.C., Quebec City, Montreal and Vancouver.
Cancelled Alta. carbon-capture project sets off alarm bells
Canada’s energy minister is defending carbon capture and storage as both effective and affordable, after an Alberta power company walked away from one project and a study found that another got subsidies to cover more than three-quarters of its costs.
3 Canadian firms named XPRIZE Carbon Removal finalists
Three Canadian companies are up for the $50-million XPRIZE Carbon Removal award: Vancouver-based carbon mineralization company Arca; Quebec carbon removal company Skyrenu; and Dartmouth, N.S.-based Planetary Technologies, which uses the ocean to remove carbon from the atmosphere.
Canadian investors make cautious return to sustainable funds
Canadian investors are putting more money into sustainable funds, though so far they are doing so gingerly. In Q1, inflows to ESG-themed funds increased after a net decrease in the final three months of 2023, according to Morningstar Inc.
Is Cda. on course to meet our clean electricity goals by 2035?
OPINION: Studies agree that Canada will need to double or even triple our electricity system in the coming decades. Those studies also agree that the vast majority of new growth in electricity capacity will come from wind and solar.
Solar panel world record broken in huge boost for renewables
Scientists have broken the world record for solar panel efficiency. A research team from Chinese firm LONGi Green Energy Technology achieved an efficiency level of 27.3 per cent, breaking the previous record of 27.1 per cent set in November.
Poland set to accelerate energy transition
The biggest state utilities in Poland are preparing for a surge in clean energy investments in 2025, hoping the government will proceed with a plan to spin off coal assets that have been restricting their access to financial markets, executives said.
A drug for cows could curb methane emissions from meat and dairy
The methane emitted by cows, sheep, goats and other livestock does more short-term damage to the climate than the world’s passenger vehicles, by some estimates. Boston-based startup ArkeaBio says its vaccine could take a big bite out of their emissions.
Wireless earbuds can be built to last — if companies want them to
Mostly glued-together, closed systems with tiny lithium-ion batteries, wireless earbuds contribute to the 62 billion kilograms of electronic waste generated every year. Worse, those batteries can cause fires if they end up in a recycling company's shredder.
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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