Sustainable Business News (SBIZ)
c/o Squall Inc.
P.O. Box 1484, Stn. B
Ottawa, Ontario, K1P 5P6

thankyou@sustainablebiz.ca
Canada: 1-855-569-6300

Li-Metal sells lithium metals business to Arcadium

2 months ago

Li-Metal sells lithium metals business to Arcadium

Arcadium Lithium plc (ALTM-N) has acquired the lithium metals business of Toronto-based Li-Metal Corp. (LIM-CN) for $11 million US, unveiling the buyer following a non-binding letter of intent announced by Li-Metal in June.

EVSX’s Ont. recycling facility to produce fertilizer components

A battery recycling facility in Thorold, Ont. owned by EVSX Corp. will churn out thousands of tons of fertilizer per year from an unlikely source: consumer batteries. The approximately 35,000-square-foot facility started operations mid-July.

Healthier, greener bldgs. needed for warming climate: report

A warming climate that increases the likelihood of stronger storms, wildfires and extreme heat will demand greener buildings that protect their residents and keep them safe, a report from the Pembina Institute says.

Imperial Oil remains confident in renewable diesel project

Imperial Oil Ltd. (IMO-T) provided an update on what will be Canada's largest renewable diesel facility, saying construction of the $720-million complex near Edmonton is going well and should be completed sometime next spring.

N.S. hopes to cash in on Canada-Germany hydrogen deal

Brenda Chisholm-Beaton, mayor of Port Hawkesbury, N.S., hopes last week's $600-million announcement to begin exporting hydrogen from Nova Scotia to Germany will mean hundreds of jobs for her community and others.

Altius Renewable Royalties reports Q2 results

Altius Renewable Royalties Corp. (ARR-T) has reported its financial results for Q2. Highlights include: its 50 per cent-owned Great Bay Renewables joint venture recorded $3.1 million in revenue for the quarter; and proportionate revenue of $2.4 million.

Magna cuts sales outlook as carmakers scale back EV plans

Swamy Kotagiri, Magna International Inc.’s (MG-T) chief executive officer, said electric vehicle (EV) delays, cancellations and volume reductions at several of Magna’s customers will reduce Magna’s sales by about $4 billion US in 2026.

NFI subsidiary New Flyer lands $338M in FTA grants

Electric bus maker NFI Group's (NFI-T) subsidiary New Flyer of America will receive over $338 million US of competitive grant awards through the U.S. Federal Transit Administration’s (FTA) 2024 Low- or No-Emission and Buses and Bus Facilities programs. 

Potential China EV tariffs welcomed by GM Canada

The potential of tariffs on Chinese EV imports is being welcomed by the Canadian head of General Motors (GM-N), as major producer BYD looks to enter the market. Unifor and the Canadian Chamber of Commerce have also expressed support.

Lucid gets up to $1.5B in funding ahead of electric SUV rollout

Lucid Group (LCID-Q), said on Monday its largest shareholder, Saudi Arabia's Public Investment Fund, will inject up to $1.5 billion US in cash, as the EV maker looks to ramp up production of a new SUV.

It’s a good thing that EVs haven’t caught on yet

OPINION: Although EV prices have tumbled from previous highs, they still create sticker shock for ordinary people. Big-budget prices, coupled with costly charges for insurance, repairs and maintenance suggest Canada’s EV mandate risks stoking inflation at exactly the wrong time.

Electric Ford F-150 trucks are powering homes in Baltimore

For the first time ever, electric Ford F-150 drivers are getting paid to run their homes from their pickup truck batteries during peak hours to help meet grid demand in Baltimore.

Toronto building gets solar panel balcony railings

Instead of the typical glass on the balcony railings, the owners of a 1960s-era apartment block on Toronto's Wilson Avenue opted to install specially designed solar panels that will generate electricity, lowering the building's carbon footprint.

Particles linked to hundreds of deaths in Toronto, Montreal

Ultrafine — and unregulated — air particles from vehicle emissions and industries in Canada’s two largest cities are linked to an estimated 1,100 premature deaths each year, a new study found, with 600 of those deaths in Toronto.

A third of all carbon credits fail to get key stamp of approval

The Integrity Council for the Voluntary Carbon Market has decided that its Core Carbon Principles label can’t be used on carbon credits issued under existing renewable energy methodologies. The move affects about 32 per cent of the market.

Goldman sees ‘complete break’ from EU carbon price norms

Europe’s carbon market — the world’s biggest — is about to see a major shift in its price development in a move that’s already drawing investor interest, according to the EMEA head of natural resources research at Goldman Sachs Group Inc.

Climate Impact Partners launches program to scale novel carbon removal tech

U.K.-based voluntary carbon market company Climate Impact Partners has launched its new carbon dioxide removal program, enabling companies – from small- and medium-sized enterprises to multinationals – to channel finance toward carbon dioxide removal technologies.

U.S. announces $2.2B in grants to boost power grid

The U.S. Department of Energy has offered $2.2 billion US to eight projects that could expand and strengthen the grid. They range from deploying technologies that boost the capacity of existing power lines to building brand-new high-voltage transmission cables.

Asia’s hotels need support, oversight to achieve sustainability

More than half of Asia’s hotels and resorts are run independently by local entities that struggle to green their operations because of a lack of government incentives or oversight to hold them accountable, experts said at Bloomberg’s Sustainable Business Summit.

How to keep conversations about climate change from going south

Conversations about climate change can get really uncomfortable, really quickly, whether they're happening in a meeting room or at your family's annual summer barbecue. Here's how experts say we can apply principles from conflict resolution to make those conversations easier.

Industry Events