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New cuts at Lion Electric, lays off 9% of workforce
New cuts at Lion Electric, lays off 9% of workforce
Heavy vehicle manufacturer The Lion Electric Company (LEV-T) will slash an additional 120 jobs in its latest round of financial cutbacks, affecting nine per cent of its employees. The moves will save approximately $40 million per year, Lion Electric says.
Grosvenor to focus on electrification, supply chains
Grosvenor’s net-zero pathway for its North American real estate portfolio prioritizes electrification in Canada and the long-term greening of its supply chain, according to the company's sustainability head Tanja Milosevic.
Targray expands headquarters, ramps up sustainability
Commodities and clean energy materials distributor Targray is using its headquarters expansion in Kirkland, Que. to signal its continuing commitment to sustainability. Targray has added a solar roof, motion-detecting light fixtures, electric vehicle chargers and an energy-efficient HVAC system.
Honda, Toyota in Canada's sights with new EV tax incentive
The federal government is offering more tax breaks to automotive firms to put their electric vehicle (EV) factories in Canada, as companies including Honda Motor Co. and Toyota Motor Corp. consider lucrative new investments.
PyroGenesis looks at novel use of plasma for decarbonization
Montreal-based PyroGenesis Canada Inc. (PYR-T) has entered into an agreement with a global leader in mining parts manufacturing to assess the applicability of PyroGenesis’ fully electric plasma torches in the client’s metal cast houses.
SolarBank hits milestone on New York projects
Toronto-based SolarBank Corporation (SUUN-Q) has completed mechanical construction of three ground-mount solar power projects in upstate New York for Honeywell International (HON-Q). Once completed, the projects will be operated as community solar projects with access to the local electricity grid.
Canadian Solar earns EcoVadis silver sustainability rating
Canadian Solar Inc. (CSIQ-Q) has been awarded a silver rating from EcoVadis, one of the world's largest providers of business sustainability ratings. EcoVadis evaluates a company's performance in terms of environment, labour and human rights, ethics, and sustainable procurement.
dynaCERT adds Tonya Rowntree to board
Toronto-based carbon emission technology company dynaCERT Inc. (DYA-T) has announced the appointment of Tanya Rowntree as a director of the company. Rowntree has held several leadership roles in the securities industry, including vice-president at TMX Group.
RIZON enters Canada with electric Class 4 and 5 vehicles
RIZON Truck, a commercial electric truck brand developed and manufactured by Daimler Truck, has announced the Canadian launch of its electric Class 4 and 5 vehicles, available for order starting in June 2024.
Nissan says it will make next-gen EV batteries by early 2029
Nissan expects to mass produce EVs powered by advanced next-generation solid-state batteries by early 2029, the company said this week. Volkswagen and Toyota have also announced efforts to produce solid-state EVs.
The true impact of EVs on collision claims
From the very start, an EV needs to be treated differently upon arriving at a collision repair facility. The mere presence of the high-voltage battery creates a significant safety risk for anyone not trained in proper protocols.
U.K. the most suited market in Europe for EVs
Oakville, Ont.-based transportation solutions company Geotab has found that two-thirds of vehicles operated by private and public sector organizations in the U.K. are ready to go electric — contrary to increasing industry and media pessimism around EV adoption.
A $9.5T ESG investor group wants private market reforms
The Net Zero Asset Owner Alliance, whose members include CalPERS, Zurich Insurance and Munich Re, is expanding its protocol to include all private asset classes. It previously excluded debt funds, directly held real estate debt funds and residential mortgage loans.
Chevron launches $500M fund to invest in cleantech
Chevron Corp.’s (CVX-N) venture arm launched a fund with a $500-million commitment to invest in clean energy technologies. The fund will help expand investment in low-carbon fuels and the transformation of carbon to higher-value products, Chevron said.
Shell urges investors to reject shareholder climate demands
Shell (SHEL-N) on Wednesday urged shareholders to vote against an independent resolution, co-filed by a group of 27 investors, that called on the energy company to set tighter climate targets.
BP’s gas and renewables boss steps down
BP (BP-N) said on Thursday its head of natural gas and low-carbon energy Anja-Isabel Dotzenrath will step down after just over two years, while CEO Murray Auchincloss announced plans to simplify its management structure.
Wawanesa announces new Climate Resilience Centre
Wawanesa Insurance has announced a new partnership with the Institute for Catastrophic Loss Reduction (ICLR). The partnership involves opening a new ICLR Climate Resilience Centre in downtown Winnipeg in the months ahead. Wawanesa will provide office space and operating funds.
N.Y. electric skyscraper promises luxury with lower emissions
There’s something unique about Alloy Block’s first phase, a 44-storey Brooklyn tower that opened this spring. Surrounded by buildings that rely heavily on gas and oil for energy, 505 State Street is New York’s first all-electric skyscraper.
Microplastics can travel to vital organs after ingestion: study
Researchers at the University of New Mexico discovered that microplastics in our food and water are able to cross the intestinal barrier to reach our most sensitive organs — and were among the first to detect their presence in the brain.
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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