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Canada's skilled job gap to meet net-zero housing goal? 57,000 workers
Cda. will need 57,000 workers to meet net-zero housing goal
Canada will need to fill a construction jobs gap of almost 57,000 positions to meet the country’s 2050 net-zero target for housing, according to Building a Greener Future, an analysis by BuildForce Canada.
Borealis Foods cooks up sustainable, healthy instant noodles
With its cups of its instant noodles, Borealis Foods, an Oakville, Ont.-based food technology company, hopes to bring sustainable, healthy meals to millions of people. Borealis snagged celebrity chef Gordon Ramsay as a shareholder and advisor in 2023.
Brookfield Renewable reports record Q1 results
Brookfield Renewable Partners (BEP-UN-T) reported funds from operations of $296 million in the quarter, or $0.45 per unit for the three months ended March 31, 2024, an eight per cent increase compared to the prior year.
J.D. Irving gets into wind farms with $550M N.B. project
Conglomerate J.D. Irving Ltd. is moving into the green energy business with plans for a 58-turbine wind farm. The Brighton Mountain wind farm in Carleton County, N.B. will break ground in 2025, pending regulatory approval, the company said.
TransAlta reports first quarter 2024 results
TransAlta Corporation (TA-T) reported its financial results for the first quarter ended March 31, 2024. Highlights include: adjusted EBITDA of $328 million; earnings before income taxes of $267 million; and a pause in greenfield growth projects in Alberta.
GIP, CPP near deal for utility group Allete: source
U.S. investment management company Global Infrastructure Partners (GIP) and CPP Investments are nearing a deal to buy clean energy company Allete (ALE-N), and a deal could be announced soon, a source familiar with the matter told Reuters.
Amendments made to DevvStream-Focus Impact agreement
DevvStream (DESG-NE) has amended terms of the merger agreement between itself and Focus Impact Acquisition Corp. The amendment provides for a reverse split of the Class A common stock of Focus Impact and the share consideration payable to DevvStream shareholders.
Clean Energy Canada releases zero-emission MHDV catalogue
Clean Energy Canada has released its medium- and heavy-duty vehicle (MHDV) catalogue. The model availability document showcases over 150 different zero-emission buses and trucks currently being sold in Canada by 34 original equipment manufacturers.
NFI announces first quarter 2024 results
Winnipeg-based vehicle maker NFI Group Inc. (NFI-T) announced its unaudited interim condensed consolidated financial results for Q1. Highlights include: quarterly revenue of $987 million; quarterly net loss of $12 million; and 201 battery- and fuel cell-electric buses delivered.
Elon Musk fires Tesla's entire Supercharger team
Elon Musk has shut down the division that runs Tesla Inc.‘s (TSLA-Q) Supercharger business, dismissed two senior executives and fired hundreds more staff as the electric-car maker continues its restructuring amid a sharp downturn in the electric vehicle market.
Harbour Air to buy 50 battery-electric engines for fleet
Richmond, B.C.-based floatplane airline Harbour Air has signed a letter of intent with Washington state-based MagniX to acquire 50 Magni650 battery-electric engines, enabling it to swap out the fossil fuel-powered engines in their existing aircraft for new all-electric engines.
Solar, wind energy systems installed on fishing boats in N.S.
Twenty-four fishing boats in the southwestern Nova Scotia fleet are now outfitted with solar and wind turbine-powered energy systems as a way to reduce fossil fuel consumption and greenhouse gases. The Fisheries and Aquaculture Clean Technology Adoption Program provided funding.
Canada's GHGs climbed in 2022, after pandemic slowdown
Canada's greenhouse gas (GHG) emissions rose in 2022, as the economy rebounded from the COVID-19 pandemic slowdown, according the new National Inventory Report. Data shows emissions reached 708 megatonnes in that year, compared with 698 megatonnes in 2021.
Alberta funding study for geothermal test site in the province
The Alberta government announced it is putting $750,000 into the Alberta Drilling Accelerator, a feasibility study for an open-access geothermal drilling test site. The province says it would be the first in Canada and leverage Alberta's drilling expertise.
U.S. mulls first green-bond sales to tap $2.6T market
An advisory group of U.S. securities dealers and investors said the Treasury could consider exploring the sale of green bonds, which would put the U.S. among nations that have been marketing their debt to funds focused on environmental causes.
Biden paves way for U.S. corn to profit from SAF
The U.S. Treasury Department this week released guidance on the tax credit available for producers of sustainable aviation fuel (SAF), a measure established as part of President Joe Biden’s landmark climate law.
Holland America Line enters long-term biofuel test project
Holland America Line will extensively test biofuels during its sailings in the Norwegian World Heritage Fjords in 2024. The biofuel used by its flagship, Rotterdam, is sourced from organic waste and residues such as fats, oils and grease.
Carbon-eating bacteria may hold the key to decarbonization
U.S.-based biotechnology firm LanzaTech is using carbon-eating bacteria to turn emissions from steel mills, refineries and other heavily polluting industrial processes into ethanol and chemicals, helping reduce carbon emissions and make recycled, sustainable products.
12 innovative circular economy startups to watch this year
Upcycling waste, refillable containers, what to do with leftovers and zero-waste hygiene products are just some of the fields covered by these 12 startups that are innovating in the sustainability and renewables space in 2024.
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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