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Horizon New Energy sees bright future for renewables in Canada
Horizon New Energy sees bright future for renewables in Cda.
The strong potential for renewable energy in Canada has led to the establishment of Horizon New Energy in Calgary, an offshoot of renewables investor Copenhagen Infrastructure Partners. Horizon is an independent power producer with 1.37 gigawatts of projects under development.
Active Impact targets $120M for climate startup fund
Vancouver-based Active Impact Investments has set out to raise $120 million for Canadian and international climate tech startups in its biggest fund to date. The firm has already received over $70 million in commitments for its third fund.
Electric bus, truck maker Lion Electric cuts 10% of its staff
Electric bus and truck manufacturer The Lion Electric Company (LEV-N) is cutting 150 jobs in Canada and the U.S. The Saint-Jérôme, Que.-headquartered company’s job reductions will impact approximately 10 per cent of its workforce.
A Que. battery sector project falls through, another lies in wait
The president and CEO of Investissement Québec has indicated German company BASF will not manufacture electric vehicle battery cathodes in the Bécancour industrial park. On the other hand, a manganese manufacturer is in discussions to establish itself there.
Ottawa poised to announce new methane regulations
The federal government is poised to announce new regulations and funding around methane – a greenhouse gas that’s 85 times more potent than carbon dioxide – heading into COP28 on Thursday. These regulations will be the cornerstone of Canada’s COP28 climate plan.
IEA says oil, gas cos. shouldn't bank on carbon capture
Carbon capture and storage has become a key plank of the Canadian oil and gas sector's decarbonization goals, but a new report from the International Energy Agency (IEA) warns against banking on the technology as the planet continues to warm.
Métis Nation of Alberta solar farm could power 1,200 homes
The Métis Nation of Alberta is setting the stage to become net-zero with the launch of a solar farm in Smoky Lake County. The project will produce 4.86 megawatts of energy, enough to power about 1,200 homes.
Biomass is latest fuel source to get clean tech tax credits
Ottawa plans on expanding its cleantech and electricity tax credits to include heat and electricity produced by burning biomass – pellets created by pressurizing leftover wood or agricultural materials from processing lumber or crops – as outlined in its fall economic statement.
Invert to co-develop large-scale, nature-based projects
Invert Inc., a carbon reduction and removal company, has partnered with carbon offset company Carbonethic to co-develop improved forest management projects in cooperation with Kaska Dena Council Nations in British Columbia, the Yukon and the Northwest Territories.
N.S. wind farm proposals lead to allegations of vandalism
Large wind farms to power a proposed green hydrogen plant in Point Tupper, N.S. have not been built yet, but they're already generating allegations of threats and vandalism in Colchester County, where the turbines are expected to be located.
Runoff spill reported at Suncor oilsands site
A spill of surface runoff from a containment pond at Suncor Energy’s (SU-T) Fort Hills oilsands site may have spanned more than a year. On Nov. 24, Suncor informed the Alberta Energy Regulator the spill was likely larger than reported.
Hydrogen: A big piece of the clean-energy puzzle
Hydrogen gas gets talked about a lot these days because it’s a clean alternative to natural gas. When burned as a fuel or used in a fuel cell, it emits no carbon-dioxide gas, often just producing water as a byproduct.
Emily Charry Tissier named CEO of the year by Les Affaires
Emily Charry Tissier's company, Whale Seeker, sells its services to governments, shipping companies and offshore wind power producers who need impact studies, and to research or nature conservation groups. Whale Seeker's software uses AI to locate marine mammals.
Giant batteries drain economics of gas power plants
Giant batteries that ensure stable power supply by offsetting intermittent renewable supplies are becoming cheap enough to make developers abandon scores of projects for gas-fired generation world-wide. But the long-term economics of gas-fired plants are changing quickly.
Why government mandates on electric cars will not work
OPINION: Ottawa has mandated that in 2035, no internal combustion engine cars and light trucks can be sold in Canada. But in 2021, only 66,800 fully electric vehicles were sold in Canada, a 0.04 per cent of the vehicle stock.
Little Brown Jug brews up carbon-capture technology
Winnipeg's Little Brown Jug has become part of the first handful of breweries in the country to install carbon-capture technology. The advantage of a brewery making such an investment is that the off-gassed CO2 can be reused by the brewery.
UAE planned to use COP28 to make oil deals
The United Arab Emirates planned to use its role as the host of COP28 as an opportunity to strike oil and gas deals, the BBC has learned. Leaked briefing documents reveal plans to discuss fossil fuel deals with 15 nations.
Maersk signs its largest-ever green fuel deal
Global shipping giant Maersk has signed what it calls a milestone deal for the offtake of green methanol fuel from China for its fleet. The deal, with China's Goldwind, will see Maersk receive 500,000 metric tonnes of green methanol annually.
Australia to drive additional 32GW of renewable capacity
The Australian Department of Climate Change, Energy, the Environment, and Water has unveiled a strategy to add 32 gigawatts of renewable energy and clean dispatchable capacity to the grid by 2030. Australia will offer revenue support to the chosen projects.
South African plan paves way for $80B energy transition
An $80-billion South African investment plan to begin transitioning the economy away from fossil fuels over five years sets out how billions of dollars in climate finance will be tracked and details potential investments.
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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