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Strathcona, CGF to develop $2B oilsands carbon capture project
Strathcona, CGF to develop $2B carbon capture project
Oil and gas producer Strathcona Resources Ltd. (SCR-T) has announced a unique oilsands carbon-capture deal with the Canada Growth Fund (CGF) worth up to $2 billion, which will result in the carbon being captured and stored at its production sites.
Airex Series D to expand biocoal, biochar production capacity
Airex Energy has closed the first tranche of funding for a Series D round that will be spent on developing the Montreal-based company’s biocoal and biochar projects. The funding is led by French water management company SUEZ Group.
Enerkem appoints Michel Chornet as CEO
Renewable fuels company Enerkem Inc. has named Michel Chornet as its next chief executive, returning the Montreal firm to its founding family roots as he takes over from Dominique Boies.
Electric snowmobile maker Taiga files for creditor protection
Electric snowmobile maker Taiga Motors (TAIG-T) filed for creditor protection as the Quebec company seeks to restructure, three months after it halted vehicle production and pared its workforce. The company also obtained permission to pursue a sale of its business.
Commercial operations start at Buffalo Atlee wind farms
Capstone Infrastructure and Sawridge First Nation have commissioned the Buffalo Atlee 1, 2, 3 and 4 wind farms in Alberta. The output of two of the plants has been contracted under a 15-year power purchase agreement with Gibson Energy (GEI-T).
B.C. hydrogen startup Ekona Power gets $1M from Ottawa
Ekona Power, the B.C. company developing turquoise hydrogen production technology, is getting a $1-million boost from the federal government. Ekona's xCaliber reactor produces hydrogen and solid carbon, which can be sold for various industrial applications.
Recurrent signs PPA with GKN Automotive for project in Spain
Recurrent Energy, a subsidiary of Canadian Solar Inc. (CSIQ-Q) has signed a 10-year power purchase agreement (PPA) with GKN Automotive. GKN will source renewable energy from Recurrent Energy's Rey I Project, a 115-megawatt-peak solar project in Seville, Spain.
Anaergia announces completion of strategic investment
Burlington, Ont.-based renewable fuel company Anaergia Inc. (ANRG-T) says the third tranche of the previously announced equity investment of $40.8 million from Marny Investissement SA has closed, for gross proceeds of $14.7 million.
Feds kick in $76M for York Region Transit electric buses
The federal government is investing $76 million into Ontario's York Region Transit's plan to electrify its fleet, bringing the total project budget to $389 million. York Region Transit will purchase 180 zero-emission buses, charging infrastructure and update its facilities.
Stagecoach orders 41 electric buses from Alexander Dennis
Alexander Dennis, a subsidiary of Winnipeg-based bus and coach manufacturer NFI Group Inc. (NFI-T), has received the first order from London operator Stagecoach for 41 next-generation electric buses. Stagecoach will receive 24 Enviro100EV buses and 17 Enviro400EV double-deckers in 2025.
Scientists denounce Toyota's promotion of hydrogen vehicles
Hydrogen vehicles are delaying the energy transition and should not be promoted by Toyota during the Paris Olympics, according to an open letter signed by 100 scientists sent to the International Olympic Committee.
Mass timber building to be heated and cooled by Lake Ontario
VIDEO: George Brown College's Limberlost Place in Toronto will be heated and cooled using a deep lake water cooling system, making it the first mass-timber, net-zero building to connect to this low-carbon system.
Will this be the end of carbon offsets?
In a significant collective effort, prominent organizations including ClientEarth, ShareAction, Oxfam and Amnesty International have issued a joint statement condemning carbon offsets. They argue that relying on offsets deflects attention from the critical need to curb emissions at the source.
BP warns of 'disorderly' clean-energy transition
The world is shifting too slowly from fossil fuels to avoid severe climate change, increasing the risks that the eventual transition to clean energy will be “disorderly,” BP Plc warned.
Google’s former carbon project gets $40M to trap CO2
Startup 280 Earth, a product of Google parent company Alphabet Inc.’s (GOOG-Q) moonshot factory, has signed agreements worth $40 million US to extract carbon dioxide (CO2) from the atmosphere at a newly completed facility in Oregon.
Lego sets stricter emissions requirements for suppliers
Lego’s new Supplier Sustainability Program requires its biggest suppliers (representing about 70 per cent of its overall emissions) share data about emissions generated by the production of goods and services they sell to Lego, starting in 2024.
Amazon to ‘prioritize’ suppliers who divulge emission reduction plans
Amazon (AMZN-Q) is pressuring its "highest-emitting" suppliers to demonstrate how they will reduce their emissions. The consequences of not following those plans "over time" could mean Amazon will reconsider a given supplier partnership and seek alternatives, the company said.
Vanuatu launches citizenship-by-sustainable investment program
Unlike traditional citizenship-by-investment programs, Vanuatu's plan directly supports sustainable development. Investors make a mandatory contribution of $115,000 US, plus a fully redeemable $50,000 US investment, to develop Vanuatu's coconut oil sector and renewable energy production.
Montreal suburb requires businesses to use reusable tableware
VIDEO: Terrebonne, north of Montreal, banned single-use plastics for people eating in at restaurants. It says more than 90 per cent of businesses have complied with the bylaw, believed to be the first in Canada.
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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