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SolarBank to acquire Solar Flow-Through Funds in $45M deal
SolarBank to acquire Solar Flow-Through Funds in $45M deal
SolarBank Corporation (SUNN-NE) has announced it will acquire Vancouver-headquartered solar developer Solar Flow-Through Funds Ltd. (SFF) in a transaction which values SFF at $45 million. SFF’s portfolio includes 70 operating solar power projects in Ontario.
Proposed CSSB climate reporting rules go to public
The first draft of the Canadian Sustainability Standards Board's (CSSB) corporate reporting standards for sustainability and the climate has been opened for public consultation, with the aim of building a framework that matches Canada's needs.
Sustainable finance pledges may not slow emissions: banks
Some of Canada’s biggest banks – Scotiabank (BNS-T), CIBC (CM-T) and TD (TD-T) – have admitted for the first time that their climate-related finance efforts may not necessarily curtail emissions growth. Many Canadian banks have pledged billions to decarbonize high-emitting sectors.
NGen launches $100M Sustainable Manufacturing Challenge
Hamilton, Ont.-based NGen has launched a new project proposals call for its Sustainable Manufacturing Challenge. These projects will aim to accelerate the application of Canadian cleantech and other advanced technologies to improve the environmental sustainability of Canadian manufacturing.
National Bank grants green loan for T.O. sustainable building
National Bank (NA-T) announced it has granted a green loan to Capital Developments for the construction of Olive Residences in Toronto. This new residential project, which is currently underway, has been designed with sustainable development in mind.
 | 360 Energy and Carbon Insights Meet the man who has mapped Canada’s net-zero carbon futureDavid ArkellOwner, CEO, 360 Energy Inc. |
Canadian businesses worried about ESG fraud: KPMG poll
In a new survey, KPMG in Canada found that 89 per cent of respondents say they’re facing intense scrutiny to demonstrate progress on ESG targets. The majority of respondents say they’re worried these pressures increase the risk of ESG fraud.
Most passive funds labeled ESG finance new oil, gas fields
More than two-thirds of passive funds marketed as sustainable are helping finance growth in the fossil-fuel industry, a trajectory that the International Energy Agency has said is incompatible with limiting global warming to the critical threshold of 1.5 C.
Audi sticking to EV strategy despite challenges, CEO says
Audi CEO Gernot Doellner said the automaker was sticking to its electric vehicle (EV) strategy despite facing challenges this year. Audi wants to earn as much money from EVs as from combustion engines by the end of the decade.
The struggling battery factory behind GM’s EV problems
GM's (GM-N) Factory Zero in Detroit is the auto industry’s first attempt to scale up a fully automated assembly line with pouch-shaped battery cells. But GM bypassed its own best practices to rush the battery packs into production.
A look at what's behind cooling EV sales growth
Several automakers are pulling back on plans to expand the amount of EVs they produce in response to slowing sales that aren't expected to hit previous forecasts. At the same time, more models are coming to market.
Electric tugboats multiply in B.C. waters
After last month’s delivery of two HaiSea Marine electric tugboats to SAAM Towage, the number of all-electric, Canadian-designed tugboats set to start operating in B.C. coastal waters is up to five.
SaskEnergy launches rebates for energy-efficient new homes
SaskEnergy has launched the Homes Beyond Code Program that aims to help customers build new homes at higher energy efficiency levels than required by current standards. The program gives homebuyers up to $9,000 for energy-efficient homes.
New Brunswick dairy farm offsets electric bill with solar power
N.B.'s Rothiemay Farms is a dairy and egg farm with more than 100 head of cattle and 3,000 chickens. Its solar farm is a ground-mount 100-kilowatt system that offsets all the electricity for the farm.
Carbon pricing has become our national dumpster fire
OPINION: While the current federal government introduced carbon pricing, it has recently undermined the coherence of the policy. Carbon pricing works at low cost to reduce greenhouse gas emissions precisely because it lets the market – not politicians – identify low-cost actions.
How will a 318,000-barrel-a-day refinery meet net-zero goal?
While oil refineries in N.B., N.S. and N.L. created high-paying jobs and fired the region's economy for decades, one of them has since shuttered, another is being converted and the biggest — Irving Oil's Saint John Refinery — faces an uncertain future.
World’s top solar firm plans thousands of job cuts
China’s Longi Green Energy Technology Co., the world’s largest solar manufacturer, is cutting almost one-third of its staff to slash costs in an industry struggling with overcapacity and fierce competition.
Texas schools fund pulls $11.5B from BlackRock over ESG policies
The Texas Permanent School Fund said it told BlackRock (BLK-N) on Tuesday it would terminate a contract to manage around $11.5 billion of state money due to the energy investment policies of the world's largest asset manager.
It was a 'monumental' year for renewables in Europe
Europe’s electricity grid is getting much cleaner – fast. Power sector emissions were down a whopping 19 per cent in 2023 compared to 2022, according to a recent report by Ember, an independent energy think tank.
U.K. emissions in 2023 fell to lowest level since 1879
The U.K.’s greenhouse gas emissions fell by 5.7 per cent in 2023 to their lowest level since 1879, according to a new Carbon Brief analysis. The last time U.K. emissions were this low, Queen Victoria was on the throne.
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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