Québec receives $371M from Nov. cap-and-trade auction

BIZ  Finance  •  Technology  •  International

The Province of Québec has received $371 million in revenue from the 29th auction of greenhouse gas emission units recently held jointly by the Ministère de l’Environnement et de la Lutte contre les changements climatiques and the California Air Resources

OSFI joins the global Greening the Financial System

Finance  •  Canada Newswire

The Office of the Superintendent of Financial Institutions (OSFI) continued deliberate steps and acceleration of actions to address climate-related risks now including its new membership to The Network of Central Banks and Supervisors for Greening the Financial System established in 2017.

Sorry, carbon offsets still aren’t settled

Finance  •  GreenBiz  •  Bloomberg

The Article 6 deal reached at COP26 is expected by some people, including Mark Carney, the U.N. Special Envoy for Climate Action and Finance to jumpstart a carbon offset buying spree by businesses looking to reach net-zero or other voluntary targets.

How banks can achieve net-zero pledge by 2050

Finance  •  GreenBiz  •  Corporate Knights

The U.N. convened group the Net-Zero Banking Alliance brings together 53 banks from 27 countries with $37 trillion in assets, part of the Glasgow financial alliance representing $70 trillion in assets. Their pledge is to reach net-zero carbon emissions across their lending portfolios by 2050.

Teachers acquires 50% of U.S. clean energy portfolio

BIZ  Energy  •  Clean Energy  •  Ontario, International

Ontario Teachers’ Pension Plan Board has announced an agreement with NextEra Energy Resources, LLC, a subsidiary of NextEra Energy, Inc. to acquire a 50 per cent interest in a portfolio of high-quality wind, solar and energy storage assets across the

B.C.’s General Fusion raises US$130-million for building

Real Estate  •  Globe and Mail  •  Business in Vancouver

One of Canada’s most promising clean technology startups, General Fusion Inc. has raised US$130-million as it prepares to build a prototype nuclear fusion energy plant to further its quest to bring a carbon-free source of electricity to the world.

EV charging stations at ONroute stops for 2022

Real Estate  •  Globe and Mail  •  Canada Newswire

Electric vehicle charging stations are set to be installed at most ONroute rest stops in Ontario by next summer. Energy Minister Todd Smith and Transportation Minister Caroline Mulroney will make the announcement later today and say each site will have at least two chargers.

Pickering microgrid community, example for developers

Real Estate  •  Daily Commercial News

Opus One Solutions, Elexicon Energy, Marshall Homes and the Independent Electricity System Operator have partnered to build new smart microgrid community in Pickering, Ont. that demonstrates how developers, communities and hydro companies can create more energy-efficient housing developments.

B.C.’s floods, fires put pressure on building design

Real Estate  •  Daily Commercial News

Chief Patrick Michell of the Kanaka Bar in B.C.’s interior initiated a comprehensive resiliency plan for his community in the early 2000s. Kanaka Bar’s importance has become outsized after being awarded the Clean50 organization’s Top Project of the Year for 2022.

Vancouver fire hall achieves zero carbon certification

Energy  •  ReNews Canada

Vancouver’s Fire Hall 17 reflects the city’s design challenge to meet the requirements of the CaGBC’s Zero Carbon Building Program and it is one of 16 such pilot projects. If approved it will be the first N.A. Passive House certified fire hall.

Vertical farm under construction in southeast Calgary

Real Estate  •  Calgary Herald

Ontario-based company GoodLeaf Farms is building its biggest indoor farm in Calgary’s southeast after receiving a $2.73-million grant becoming the first project to receive financial support from the Alberta government’s new investment and growth fund.

Protecting farmland through rural land planning

Real Estate  •  Canadian Cattlemen

20,000 to 25,000 hectares of Canada’s agricultural land is lost annually to urban development and needs protection including the practice of creating land severances on agricultural land to build a house according to Wayne Caldwell, professor of rural development, University of Guelph.

OMERS commits to Net Zero 2050 emissions goal

Finance  •  Globe newswire  •  A summary of OMERS sustainability plan

The Ontario Municipal Employees Retirement System (OMERS) advanced its Sustainable Investing efforts by committing to net-zero greenhouse gas emissions across its total portfolio by 2050. Currently, OMERS has about $18-billion of its $114-billion in net assets globally invested in green assets.

ESG investments poised to reach $30-trillion by 2030

ESG  •  PR Newswire

Broadridge Financial Solutions, a global Fintech leader, reported that assets in dedicated environmental, social, and governance (ESG) mutual funds, ETFs, institutional mandates, and private funds are on track to grow from $8 trillion today to $30 trillion by 2030.

Canada’s natural gas delivery and net-zero by 2050

Energy  •  Canada Newswire

The Canadian Gas Association (CGA) launched a digital hub dedicated to sharing the gas delivery industry’s work and ongoing efforts to meet Canada’s net-zero by 2050 target. Details of the industry’s role are highlighted on CGA’s new website at Net-Zero Hub.

Capital Power, Enbridge partner on carbon capture

Real Estate  •  Regina Leader-Post

Capital Power Corp and Enbridge agreed to partner on a carbon capture and storage project that would aim to capture up to three million tonnes of carbon dioxide emissions annually serving the Capital Power’s Genesee Generating Station near Warburg, Alberta.

JetBlue has ben busy with sustainability targets

Transportation  •  Sustainable Brands

N.L. oil refinery sold to produce renewable fuels

Real Estate  •  Globe and Mail

An idled oil refinery in Come By Chance, N.L., has sold to Texas-based, Cresta Fund Management and will be rebranded to Braya Renewable Fuels.  The facility is expected to produce renewable diesel and sustainable aviation fuel by mid-2022.

BP plans green hydrogen plant in northeast England

Real Estate  •  Globe and Mail

BP announced Monday it plans to set up a large-scale green hydrogen production plant in northeast England.  The facility is expected to produce 60 MWe (megawatt electrical input) of so-called “green” hydrogen, which is derived from renewable sources, by 2025.

Iceland’s cabinet raises climate goal as glaciers melt

Real Estate  •  Bloomberg

Iceland’s new government decided to stop granting oil exploration licenses around Iceland and upgraded its climate target to a 55% reduction in greenhouse-gas emissions by 2030, compared with 2005.  It already aimed for carbon neutrality by 2040.