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Tidewater Renewables reports $367M Q3 loss as emission credit prices drop
Tidewater Renewables reports $367M Q3 loss
Tidewater Renewables Ltd. (LCFS-T) reported a Q3 net loss of $367.1 million, compared to a net loss of $9.4 million in the same quarter of 2023. The results come amid a decline in renewable diesel emission credit prices.
Gov't a critical partner to scaling up carbon removal: CRC
Canada is poised to be at the forefront of the nascent field of carbon removal — if the incentives and timing are met, Daniel Kelter, director of government relations at Carbon Removal Canada (CRC), said.
Families, foundations commit $405M to Cdn. climate action
Nine wealthy Canadian families and foundations are making the country’s largest-ever philanthropic commitment to climate action, pledging $405 million over the next decade to accelerate the shift to a low-carbon economy.
SolarBank quarterly revenue increases 108% YoY
Toronto-based SolarBank Corp. (SUUN-Q) has reported first quarter fiscal 2025 interim financial results. Revenue for the quarter increased 108 per cent to $16 million, compared to $7.7 million for the same period last year.
Base Carbon reports Q3 net income of $61M
Toronto-based carbon market financier Base Carbon Inc. (BCBN-NE) reported net income of $61 million for the three months ended Sept. 30, compared to a loss of $1.7 million for the same period last year.
Electra Battery Materials files Q3 results
Toronto-based Electra Battery Materials Corp. (ELBM-X) reported a net loss of $3 million for the three months ended Sept. 30. The company recorded a net loss of $9 million for the same period last year.
Capstone reports Q3 net loss of $30M
Toronto-based renewable energy company Capstone Infrastructure Corp. (CSE-PR-A-T) reported a net loss of $30 million for the quarter ended Sept. 30, compared to net income of $25 million for Q3 2023.
Anaergia wins contract to operate Calif. bioenergy facility
Anaergia Inc. (ANRG-T) subsidiary Anaergia Services LLC has entered into a long-term contract to operate and maintain Rialto Bioenergy Solutions' organic waste-to-renewable natural gas facility in California. Anaergia Services expects to operate the facility for the next 10 years.
Boralex's Tilbury energy storage project gets underway
Construction of the 80-megawatt Tilbury Battery Storage Project in the Municipality of Lakeshore, Ont. is officially underway. The project is a partnership between Walpole Island First Nation and Boralex Inc. (BLX-T) subsidiary Tilbury Battery Storage Inc.
Greenlane Renewables names Stephanie Mason CFO
Greenlane Renewables Inc. (GRN-T) has announced the appointment of Stephanie Mason as chief financial officer, effective Jan. 13, 2025. Mason has been with Greenlane for over four years, most recently as director of finance following a promotion from corporate controller.
Canada pledges $2B for climate resilience at COP29
Canada is launching a $2-billion climate platform as it vows to remain committed to promoting financing for the countries most vulnerable to climate change at this year’s COP29 summit in Azerbaijan.
Argentina leaves COP29 climate summit
Argentine President Javier Milei’s negotiating team has left Azerbaijan less than four days into the COP29 climate summit, while France’s climate minister said she wouldn’t return to the talks as political tensions rippled through the conference.
Less powerful EV chargers could be enough: study
A common perception among electric vehicle (EV) drivers is that more powerful and costly chargers are needed in their homes to keep their cars running. But a report from the University of Calgary is challenging that notion.
Feds partner with GHD Group to assist in fleet transition
The Canadian government is working with a new partner to help transition over 17,000 of its 40,000 vehicles to zero-emission. GHG Group will analyze data from the federal fleet, such as vehicle usage, idle times, fuel consumption and duty cycles.
Volkswagen boosts bet on Rivian’s EV tech by $800M
Volkswagen AG raised investment plans in Rivian Automotive Inc. (RIVN-Q) by US$800 million, signaling its commitment to the U.S. partner even as EV demand softens and the incoming Trump administration threatens to curtail supportive policies.
EIB to unveil $528M in bank guarantees for cleantech
The European Investment Bank (EIB) is set to pledge US$528 million in counter-guarantees to cleantech companies to help them compete with global rivals. The EIB’s program will help new and smaller companies.
Trump win no excuse to backtrack on climate commitments: McKenna
The world must work together to fight climate change regardless of who's in the White House, former environment minister Catherine McKenna said Wednesday at the United Nations climate conference. McKenna is chair of the UN's net-zero working group.
China starts first gigawatt-sized offshore solar project
China started generating power from its first gigawatt-level offshore solar project in the eastern province of Shandong. The massive open-sea photovoltaic plant made its first connection to the grid on Wednesday.
Amazon, IKEA and others boost demand for new green fuels
Amazon (AMZN-Q), IKEA and about three dozen other companies that depend on ocean freight will invite shipping firms for the first time to bid on a contract to move their cargo on vessels powered by near-zero emissions e-fuels.
Campaign aims to turn Swifties into climate fighters
"Unite the Swifties" is a campaign asking Taylor Swift fans to complete climate-focused actions like writing letters calling out RBC for "art-washing" the Eras tour — promoting the concert while spending billions to finance fossil fuel projects.
Industry Events
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Sustainable Finance Forum 2024
Nov 28 2024
to Nov 29 2024
Shaw Centre, Ottawa
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Zero Carbon Building Standards Interactive Workshop
Dec 10 2024
to Dec 12 2025
Online
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FCM’s Sustainable Communities Conference 2025
Feb 10 2025
to Feb 13 2025
Fredericton, NB
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GlobeXchange
Feb 11 2025
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Sheraton Centre Toronto Hotel
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BuildGreen Atlantic 2025
Apr 28 2025
to Apr 29 2025
Halifax, NS
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Building Lasting Change
Jun 18 2025
to Jun 20 2025
Vancouver, BC
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