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Sustainable luxury 1 Hotel now open in Toronto
Sustainable luxury 1 Hotel now open in Toronto
1 Hotel is now open at 550 Wellington Street West in Toronto, bringing a sustainable urban retreat to the city. The hotel is attempting to prove sustainability is possible without having to skimp on luxury.
BHP to spend $7.5B on Saskatchewan potash mine
• Globe and Mail • Financial Post • CTV
The world’s largest mining company, BHP Group Ltd., signalled its future is focused on sustainable industries by committing $7.5-billion to a massive Saskatchewan potash project while exiting the oil and gas business.
Greening AI: Environmental harms of machines
“Green AI” research is more environmentally friendly and explores AI’s carbon footprint and ways to reduce it. Researchers see a trend in machine learning toward programs that require increasing power, resulting in a larger digital carbon footprint.
Central banks gird against threat of climate change
Monetary authorities of the world’s largest economies, including the Bank of England, are gauging how climate change could rock the financial system. Though long committed to being “market neutral,” some are starting to push greener investments.
FEMA overhauls National Flood Insurance Program
• CNBC
Climate change and its devastating impact are accelerating faster than ever: Hurricanes are becoming stronger, rainfall heavier and flood risk higher. Yet, America’s National Flood Insurance Program has not changed at all since its inception. But it is about to.
Canada $60B short on financing for climate change
Canada must make it more profitable for investors to back transition to low emissions in large polluting industries such as oil and gas if the country is ever going to hit its greenhouse gas targets, according to a new report.
Climate displacement concern in B.C. due to weather
Tens of thousands of British Columbians have been displaced from their homes due to wildfires and floods over the past five years, as climate-related disasters become more intense. There isn’t enough data to determine how many people are still displaced.
Barrie tornado causes $75M in insured damage
• Barrie Today • Cision • Daily Commercial News
The insured damage caused by multiple tornadoes, one of which devastated a Barrie neighbourhood, is about $75 million, according to the Insurance Bureau of Canada. In total, officials say 2,200 insurance claims have been made for damage to personal and commercial property.
Lloyd’s is crafting insurance for clean energy, EVs
• GreenBiz
Lloyd’s of London has announced it will expand its insurance coverage to better support the “greener energy sector” and create new insurance products for electric vehicles (EVs), as part of an effort to drive progress towards a more sustainable economy.
Scanning the road ahead for EV-ready condos
As the country moves to accelerate electric vehicle adoption and ban new gas-powered car sales by 2035, questions are brewing among people living in multi-unit dwellings regarding installation of EV infrastructure in parkades, costs allocated to owners and power needs.
Automakers need to walk the talk on EVs
General Motors has committed to phase out gas-powered vehicles by 2035 – a full five years before a ban by the Canadian federal government is set to come into effect. In response, Volvo announced it would sell only electric vehicles by 2030.
Montreal announces plan for electric transportation
• Montreal Gazette • CBC • CTV
Cutting transportation emissions is essential if Montreal and Quebec are to meet their climate goals, Mayor Valérie Plante said. That necessity is the cornerstone of the city’s $885-million, three-year plan to boost the use of electric vehicles.
Farmers may not be able to overcome climate change
• The Star
Extreme weather conditions have become so frequent and severe in regions throughout the world that there may not be many climate-change deniers in the farming industry. Farmers are exasperated and struggling to adapt to what may be the new normal.
1,000KM of B.C.’s shoreline slated for cleanup
Three new projects, in partnership with coastal Indigenous Nations, will target marine debris along B.C.’s shoreline. The Clean Coast, Clean Waters initiative will distribute $3.6 million to three organizations, which will clean up more than an additional 1,000 kilometres of shorelines.
The impact of climate change on the water cycle
• GreenBiz
The impact of climate change on extreme water-related events is becoming increasingly evident. In its international climate assessment, the IPCC warns that the water cycle has been intensifying and will continue to intensify as the planet warms.
U.S. declares 1st Western reservoir water shortage
For the first time, U.S. officials declared an official water shortage for the massive Lake Mead reservoir, triggering supply cuts to parts of the drought-stricken Southwest, as 10 Western governors appealed for federal drought disaster aid.
IKEA to sell renewable energy to homes in Sweden
IKEA, the world’s biggest furniture brand, is branching out into selling renewable energy to households, starting in Sweden this September. Consumers will be able to buy renewable electricity from solar and wind parks, and track their usage through an app.
Solar could supply more than 40% of U.S. power by 2035
Solar could supply more than 40 per cent of the U.S.’s electricity by 2035 – up from 3 per cent – if Congress adopts policies like tax credits for renewable energy projects and component factories, according to a memo published by the Department of Energy.
Endurant enters high-tech AG sector with $30M microgrid
Endurant Energy jumped into the controlled environment agriculture (CEA) sector with a roughly $30 million microgrid project for Bluehouse Greenhouse, a company building a high-tech 62-acre greenhouse in Southern California. Endurant will own, operate and maintain the 13.2-MW microgrid.
New campaign urges kids to ditch single-use plastics
Sustainable soap startup Gelo has launched an anti-single-use plastic campaign with a fresh angle: It gives kids the power to use the internet with ads that constantly urge them to ditch single-use plastics and live more sustainably at home.
Industry Events
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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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