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Northland CEO, president Mike Crawley to step down
Northland CEO, president Mike Crawley to step down
Northland Power Inc. (NPI-T) has announced CEO and president Mike Crawley will be leaving his positions in September. Northland has named Ian Pearce, the chair of its governance and nominating committee, as lead independent director.
National Bank still carbon neutral, but emissions rose in 2023
National Bank of Canada's (NA-T) operational emissions reached a four-year high in 2023, but the sixth-largest Canadian bank still beat its 2025 target for the metric, according to its 2023 ESG Report.
PyroGenesis regains rights to battery material process
PyroGenesis Canada Inc. (PYR-T), a Montreal-based company that uses plasma for sustainable applications, has reacquired the rights to its process that generates silicon-based powder for potential use in lithium-ion batteries and green hydrogen production.
Canada Growth Fund to invest $50M in Idealist Capital
The federal government’s new cleantech funding agency, Canada Growth Fund, is investing $50 million in Montreal’s Idealist Capital, an impact fund that concentrates on commercial-scale technology developers focused on the shift to a low-carbon economy.
Li-Cycle closes $101M strategic investment from Glencore
Li-Cycle Holdings Corp. (LICY-N) said Glencore plc has completed its previously announced $101-million investment in Li-Cycle through the purchase of a senior secured convertible note. The note has a five-year term and is convertible into Li-Cycle common shares.
AtkinsRéalis awarded contract for Que. green hydrogen plant
AtkinsRéalis (ATRL-T), formerly SNC-Lavalin, has been awarded the engineering contract for the Projet Mauricie green hydrogen hub in Quebec. The development is the latest milestone for the $4-billion Mauricie project, which is being developed by TESCanada H2 Inc.
Enbridge cuts off green home renovation rebate
When the Greener Homes Program ended in February, Ottawa said homeowners who were accepted would receive their grants. But Enbridge isn't honouring that statement, saying homeowners who didn’t apply through its website cannot get the company’s portion of the rebate.
Committee releases report on Nova Scotia offshore wind
The Committee for the Regional Assessment of Offshore Wind Development in N.S. has released its Interim Report. It proposes six areas for potential offshore wind development: Sydney Bight, Canso Bank, Middle Bank, Sable Island Bank, Emerald Bank and Eastern Shore.
Quebec’s move to end EV incentives ups scrutiny on Ottawa
Quebec’s government said it plans to end its purchase rebate for electric vehicles (EVs) by 2027 in its Budget 2024. Starting Jan. 1, 2025, the current $7,000 incentive offered to those buying full battery-electrics will fall to $4,000.
Stellantis laying off hundreds to cut costs in EV transition
Jeep maker Stellantis NV (STLA-N) is laying off about 400 white-collar workers in the United States as it deals with the transition from combustion engines to EVs. The workers are mainly in engineering, technology and software.
Tesla trims car output in China as EV sales growth slows
Tesla Inc. (TSLA-Q) has reduced production at its plant in China, according to people familiar with the matter, amid sluggish growth in EV sales and intense competition in the world’s biggest auto market.
Shell to close 1,000 gas stations, focus on EV charging
Fuel giant Shell (RYDAF) plans to close 1,000 gas stations across 2024 and 2025, while scaling up its network of public EV charging stations, according to its latest Energy Transition Strategy 2024 report.
U.S. announces $8B to clean up heavy manufacturing
The first new U.S. aluminum smelter in 45 years may be built as part of about $8 billion in grants the Biden administration is awarding to companies to clean up hard-to-decarbonize industries including metal, paper and glass.
Calgary startup aims to produce SAF on the Prairies
Calgary-based startup Cap Clean Energy wants to produce sustainable aviation fuel (SAF) in Alberta, Saskatchewan and Manitoba using crop residue, such as wheat straw and other byproducts of grains and oil seeds.
Building a sustainable construction giant
In less than four years, Saint-Gobain has doubled its size in Canada and increased its size by 50 per cent in the U.S., making it the largest player in the construction materials market, excluding cement manufacturers.
Investigation shows environmental gaps in Rio Tinto's record
Documents obtained by Radio-Canada reveal more than 100 environmental infractions doled out to Rio Tinto's (RTPPF) aluminum division in Quebec over the past 15 years. The company has also paid $2.1 million in fines in that same period.
U.S. lithium laws fail to keep pace with rapid development
Washington's drive to make the United States a major global lithium producer is being held back by a confusing mix of state regulations that are deterring developers and hampering efforts to break China's control of the critical minerals sector.
Copenhagen is a sustainability success story — now what?
Few cities stir as much hope in our eco-friendly hearts as Copenhagen — a utopia of bike lanes, pedestrian thoroughfares and swimmable waterways. But architect Dan Stubbergaard of the local firm Cobe remembers a time when that wasn’t the case.
Spanish startup's high-tech hops to protect beer from climate change
Stretching at almost 10 metres high, Spanish startup Ekonoke’s hydroponically grown, indoor hop plants are flowering under multicolour LED lights — and the company says these vegetable cathedrals will shield beer from the impacts of climate change.
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Sustainable Finance Forum 2024
Nov 28 2024
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