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Canadian companies see sustainability success, struggles remain: IBM survey
Cdn. companies see sustainability success, struggles: survey
A survey from IBM’s (IBM-N) market research arm found nearly a third of Canadian executives are successful in executing on sustainability plans, but more than half are struggling to finance the investments.
Innergex signs Chilean renewable energy supply contract
Quebec-based Innergex Renewable Energy Inc. (INE-T) is expanding its global renewable energy portfolio after concluding a long-term deal to supply clean energy to Codelco, Chile's state-owned copper mining company. Innergex will provide 350 gigawatt-hours annually to Codelco for 15 years.
Exro CEO outlines company priorities in letter to shareholders
The planned merger between Exro Technologies Inc. (EXRO-T) and SEA Electric is a sign of Exro’s faith in the electric vehicle (EV) market’s promise on the commercial side, according to a shareholder letter from Exro’s CEO Sue Ozdemir.
U.S. SEC signs off on landmark climate disclosure rules
The new rules, approved by the U.S. Securities and Exchange Commission, will force roughly 2,800 U.S. companies and about 540 foreign companies with business in the U.S. to disclose Scope 1 and 2 greenhouse gas emissions for the first time.
RBC plans to triple renewable funding
Royal Bank of Canada (RY-T) has set a goal to triple renewable energy funding to $15 billion by 2030 and plans to direct $1 billion to climate solutions by the end of the decade.
NRCan giving up to $16.7M to IESO for clean energy
Natural Resources Canada (NRCan) is providing up to $16.7 million to Ontario's Independent Electricity System Operator's (IESO) Enabling Resources Program. The funding will help the IESO expand its access to new and emerging technologies to advance grid decarbonization.
EverGen sets RNG record at Fraser Valley biogas facility
EverGen Infrastructure Corp. (EVGN-X) says following enhancements at its Fraser Valley Biogas facility in B.C., it has achieved new new single-day and monthly renewable natural gas (RNG) production records, supporting the growing demand for RNG in the province.
Cenovus blasts Ottawa for lack of support for carbon capture
Cenovus Energy Inc. (CVE-T) blasted the federal government for not providing enough financial support for the oilsands industry’s proposed $16.5-billion carbon capture system. The federal government has proposed tax credits covering about half of the project's capital costs.
Stellantis to produce electric muscle cars in Windsor
Stellantis (STLA-N) says its electric Dodge Charger will be built at its Windsor, Ont. assembly plant. The Charger will be the first passenger EV formally unveiled and slated for production by any major automaker in Canada.
GreenPower delivers e-bus to Phoenix school district
Vancouver-based EV company GreenPower Motor Company Inc. (GPV-X) has announced the delivery of the first all-electric, purpose-built Type D BEAST school bus in the state of Arizona to the Phoenix Elementary School District.
VW faces lawsuits claiming Porsche EV sparked ship fire
Volkswagen AG faces a pair of lawsuits in Germany over claims it was the battery in a Porsche EV that triggered the 2022 fire onboard a massive cargo ship that eventually sank with thousands of cars on board.
Ballard announces 15 MW order for stationary power market
Burnaby, B.C.-based Ballard Power Systems (BLDP-T) announced an order for 15 megawatts of fuel cell systems from a U.K.-based company specializing in renewable off-grid power generation. Ballard expects to deliver 150 FCmove-HD+ systems beginning in late 2024.
Housing rules must change to meet climate targets: task force
The Task Force for Housing and Climate is calling on governments to change the way homes are built in Canada, including by ending zoning restrictions that discourage urban density, avoiding new construction in flood-prone areas, and subsidizing prefabrication.
Alberta regulations could impact 7 solar projects
Seven solar projects could be affected by the Alberta government’s new “agriculture-first” renewable energy regulations, including two major developments carrying several hundred megawatts of electricity. Among them are the 300-megawatt Dolcy Solar project in the Municipal District of Wainwright.
Cape Breton arena converting to solar-powered sports facility
Tomorrow’s Legends, a non-profit organization based in Sydney, N.S., will convert Centennial Arena into a solar-powered facility through a $2.1-million federal investment. The retrofit will include rooftop solar panels and a new exterior, creating an energy-efficient, net-zero facility.
Chevron shutters biodiesel plants amid market challenges
Chevron Corp. (CVX-N) recently confirmed the indefinite idling of two biodiesel production facilities in the U.S. Midwest due to weakening economics for renewable fuels. The idled plants have a combined processing capacity of 189 million litres per year of biodiesel.
S&B completes U.S. green hydrogen plant
S&B says construction has been completed on the largest electrolytic liquid hydrogen production facility in the United States for Plug Power. The facility, in Woodbine, Ga., features the largest operating proton exchange membrane electrolyzer deployment in the U.S.
Amazon is funding a recycling robots startup
Amazon’s (AMZN-Q) climate tech venture fund announced backing for its 25th venture, an early-stage, female-led San Francisco startup called Glacier that makes next-generation, AI-guided recycling robots. Market revenue for recycling robots is forecast to exceed $10 billion by 2030.
Pemex approves emissions plan, opening door to ESG investors
Petroleos Mexicanos (Pemex) approved a sustainability plan through 2030 that includes reducing methane emissions by 30 per cent, a move that may pave the way for ESG investors to return to the world’s most indebted oil producer.
Recycling wind turbine blades can solve the industry’s biggest problem
Taiwan's Swancor Holding Co., is one of several firms globally trying to develop new products that mimic the physical properties of current blade material but can be chemically recycled, allowing their energy-intensive components to be reused in other products.
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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