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Epic, Windmill create One Planet Living investment fund

3 years ago

Epic Investment Services is partnering with Windmill developments to create the One Planet Living Real Estate Fund. The impact fund focuses on producing environmental, social and market financial returns with an initial pipeline of projects in Ottawa and the GTA.

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As Amazon builds its second headquarters in Virginia, the company is using concrete strengthened by one of the most quietly successful startups in Eastern Canada, CarbonCure Technologies which has developed a technique for injecting carbon dioxide into concrete.

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BlackRock has taken a minority stake in sustainability and impact data platform Clarity AI in a bid to boost the ESG performance of Aladdin, BlackRock’s flagship portfolio management platform.

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BlackRock Inc., the world’s largest fund manager, is accelerating its push to reduce the risks of climate change for clients, asking corporate leaders to disclose how their companies will fare in a “net-zero” economy and selling its stakes in those that fail to live up to heightened standards.

Energy Profiles

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Analysis of 338 companies, out of the 478 total companies with targets approved by the Science Based Targets initiative (SBTi), shows for the first time that companies with science-based targets are delivering emissions reductions in line with the Paris Agreement.

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General Motors is promising to go green by making all of its global operations and vehicles carbon neutral by 2040, including selling only zero-emission models by 2035. The pledge is a bold embrace by the automaker of emission-reduction goals set by California.

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Microsoft cut carbon emissions six per cent in its first year of trying to reverse the effect it’s had during its decades of existence. However, it said its approach so far won’t fix the broader problem of climate change.

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Over the next several years, solar power is primed to move beyond the familiar rooftop solar installations and to building-integrated photovoltaic (BIPV) materials, an architecturally unobtrusive form of solar power generation, becoming a more prevalent part of Toronto’s built environment.

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The first fully battery-electric bus line in Metro Vancouver will be up and running in 2022, according to TransLink, thanks to a $16 million investment from Canada’s gas tax fund which will be used to purchase 15 battery-electric buses from Canada’s Nova Bus.

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The electrification of transportation is going to explode and drastically change how and what the roadbuilding industry builds, Jim Harris, a futurist and management consultant on disruptive innovation, told participants during the Ontario Road Builders’ Association’s first-ever virtual summit.

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Lincoln Electric System, the public power utility serving greater Lincoln, Neb., has set up a microgrid with up to 29 MW of load to serve critical facilities that is based around an existing duel-fuel, 29-MW generating unit, its substation, and infrastructure.

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The International Energy Agency is launching a global commission to address the impact on employment and society from the transition to renewable energy from fossil fuels, chaired by Denmark, it will include energy ministers from Canada, Norway, Mexico and Oman.

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Steel production experts say current processes for decarbonizing steel are too expensive for most manufacturers. There also isn’t sufficient demand for decarbonized steel for manufacturers to justify investing several millions of dollars into lower-carbon steel facilities.

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Mining Shared Value a non-profit initiative of Engineers Without Borders announced four mining companies have now adopted the Mining Local Procurement Reporting Mechanism with two more set to confirm. Ivanhoe Mines became the first company to use the standard in 2019.

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A Canadian Press report on analysis of coal mine contamination in the Gregg and McLeod Rivers and Luscar Creek near Jasper, Alta., from the 1990s found toxic levels of selenium many times over the amount considered safe for aquatic life.

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The escarpment near Fort McPherson, a hamlet of 700 in the Northwest Territories, cracks and sloughs away amid some of the warmest years on record. Residents are worried a health centre, church and RCMP detachment are at risk of damage or collapse.

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Large U.K. pension funds will be required to commence climate reporting in line with recommendations from the Task Force on Climate-related Financial Disclosures (TCFD) from 2021, according to the latest proposals by the U.K. government.

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One of the narratives and unfolding developments in the world of ESG is that of its broadening to asset classes beyond public equity. A new frontier is that of collective investor engagement with sovereigns in particular environmental and social issues.

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The European Central Bank should consider climate risk when buying assets or accepting them as collateral, top ECB policy-makers said on Monday, though Bundesbank president Jens Weidmann cautioned that price stability – not saving the planet – remained the ECB’s top priority.

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The broad series of measures contained within President Biden’s new executive orders represent the action-oriented initiatives that environmental groups and sustainability-minded commercial real estate professionals say they have been waiting for, and they bring top-down leadership to property-based emissions.

Industry Events