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CDPQ, Fonds FTQ invest $575M in Énergir to spur renewable projects

2 months ago

CDPQ, Fonds invest $575M in Énergir for renewable projects

The Caisse de dépôt et placement du Québec (CDPQ) and the Fonds de solidarité FTQ have made a fresh capital injection of $575 million into Énergir, the province's leading gas distribution utility formerly known as Gaz Métro. 

85% of Canadian execs deeply worried about climate: Deloitte

A Deloitte survey of business executives has found the number of Canadian organizations that have significantly boosted spending on sustainability has almost tripled from 2023, indicating a march toward greener businesses.

FortisBC puts out call for 1,100 gW-h of new renewable power

Regulated utility FortisBC is putting out the feelers for power providers that can help the company add 1,100 gigawatt-hours (gW-h) of renewable and low-carbon energy to B.C.’s Southern Interior by 2030.

TO exhibit shows best practices for building sustainably

COLUMN: Addressing the challenges of long-term development and creating complete, sustainable communities has been at the forefront of discussions in the Greater Toronto Area for many years. A new exhibit, Smart Density, illustrates how cities worldwide are tackling these issues.

Irish company plans renewable energy megaproject for N.S.

Irish renewable energy firm Simply Blue is gearing up for a multibillion-dollar project on Nova Scotia's Eastern Shore that's meant to convert wind, solar and biomass energy into jet fuel. The megaproject would include two sites in Guysborough County.

Northstar, CVW close $14M royalty investment

Northstar Clean Technologies (ROOF-X) and CVW CleanTech (CVW-X) have closed the $14-million royalty transaction announced on Aug. 7. The funding will entitle CVW to receive royalties from revenues generated by Northstar's next two shingle reprocessing plants.

R-Zero acquires sustainable HVAC company SecureAire

U.S.-based smart building technology developer R-Zero has acquired sustainable HVAC company SecureAire. The move is aimed to bolster R-Zero's decarbonization capabilities with the ability to reduce energy consumption for building owners and operators focused on achieving net-zero emissions.

Canadian investors say there’s still life in ESG: study

ESG isn’t dead, it’s just gone mainstream. That’s one of the key observations from a new semi-annual survey of Canadian institutional investors, which points to a focus that goes beyond data gathering and on to impact.

EV sales are growing. Why are carmakers pulling back?

Some of the headlines about electric vehicles (EVs) lately might give the impression that the market is headed for a crash. But new data shows EV sales are still growing in Canada, and have hit a record high.

Calgary launching pilot to fund installation of EV chargers

Calgary is launching the first phase of a pilot program that provides funding to residents of multiresidential buildings to install EV chargers. Starting Sep. 24, residents can apply for up to $4,000 to develop an EV charger installation plan.

First station in Jolt's national EV charging network now open

EV drivers in Richmond Hill, Ont., can access a new fast-charging station starting today — and the first seven kilowatt-hours are free. Australia-based Jolt has partnered in Canada with telecommunications company Telus (T-T) on an ad-based charging model.

Who’s going to win in the EV game?

OPINION: Car buyers are about to be bombarded with new EV brands from around the world fighting for their cash. But can legacy brands keep up with the competition? One thing’s for sure: not everyone will survive. 

U of M to get $7.6M to research net-zero farming

The University of Manitoba (U of M) is getting $7.6 million in federal funds to study net-zero farming systems. The Sustainable Agriculture Initiative Grant aims to support the Canadian agricultural sector as it moves to a net-zero economy.

A fifth of the methane from Sask.’s oil and gas escapes

One-fifth of all the methane produced using conventional oil and gas methods in Saskatchewan is escaping into the atmosphere, according to new scientific research. The finding raises fresh questions about the effectiveness of provincial and federal regulatory oversight.

BP to sell its U.S. onshore wind energy business

BP (BP-N) plans to sell its U.S. onshore wind energy business, it announced on Monday, saying the assets were not aligned with its growth plans. BP Wind Energy has interests in 10 operating onshore wind energy assets across seven states.

DuPont membranes named sustainability tech of the year

DuPont's (DD-N) FilmTec nanofiltration membrane portfolio was named 2024 Sustainable Technology of the Year at the Global Sustainability & ESG Awards. In addition to water purification, the technology is used to recover, recycle and concentrate solutes in a variety of applications.

India gets $386B financing pledge for green energy push

India’s renewable energy ministry received combined investment commitments of $386 billion US from banks and financial institutions, as it seeks to shore up funding to decarbonize. India is the world’s third-biggest carbon emitter after China and the U.S.

Exowatt repurposes old tech to deal with AI power demand

Miami-based Exowatt has developed a combination heat collector, heat battery and heat engine meant to provide emissions-free energy for power-hungry AI firms. Exowatt aims to ​“eventually” offer firm, clean electricity for one cent US per kilowatt-hour without subsidies.

How Crocs is reducing the carbon footprint of its clogs

Crocs is progressing at a steady pace to increase the bio-based materials in the 150 million pairs of shoes it sells annually. A quarter of the material in its shoes is now “bio-circular”, up from 17.3 per cent in 2023.

Switching California from gas to electricity, one neighbourhood at a time

Over the next few years, residents of select California neighbourhoods may start getting phone calls and mailers from gas utilities and community organizers offering an unexpected proposition: Would you like to ditch gas and switch to all-electric appliances instead?

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