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Ford consortium to build $1.2B EV battery materials plant in Quebec
Ford JV to build $1.2B Quebec battery materials facility
Ford Motor Company (F-N) and South Korean battery companies SK On and EcoProBM will invest $1.2 billion to build a cathode manufacturing facility in Bécancour, Que. that will supply Ford with battery materials for its electric vehicles (EVs).
Li-Cycle is on the cusp of a revenue jump
Li-Cycle Holdings Corp. (LICY-N) has reported revenues of approximately $4.8 million in Q2 2023, a figure it expects to begin increasing significantly when a major facility starts to come online late this year.
Deep Sky to offer test site for Musk’s XPRIZE teams
Carbon removal company Deep Sky will partner with Elon Musk’s XPRIZE so carbon capture teams submitting to the final round can pilot their solution at its commercialization project in Quebec. The partnership is XPRIZE’s first with a carbon removal company.
Occidental to acquire Carbon Engineering for $1.5B
Houston-based hydrocarbon explorer and producer Occidental Petroleum Corp. (OXY-N) has an agreement to acquire Squamish, B.C.-based Carbon Engineering Ltd. for approximately $1.5 billion to accelerate its direct air carbon capture (DAC) capabilities.
Suncor will no longer have a chief sustainability officer
Suncor Energy's (SU-T) new CEO Rich Kruger wants the company to focus on low-cost oil production and profits, rather than the longer-term energy transition. Moving forward, sustainability will be rolled into the duties of a new senior vice-president.
Invenergy-led group buys renewables portfolio for $2B
Invenergy announced IRG Acquisition Holdings, a partnership between Invenergy, CDPQ and funds managed by Blackstone Infrastructure Partners, has closed on the acquisition of American Electric Power's 1,365-megawatt unregulated, contracted renewables portfolio. Export Development Canada acted as coordinating lead arranger.
Strategic, Cipher Neutron ink green hydrogen pact
Strategic Resources (SR-X) and Cipher Neutron have announced they have executed a collaboration agreement to study supplying the Strategic-owned BlackRock Project's metallurgical facility, located in Saguenay, Québec, with anion exchange membrane electrolysers, designed to produced green hydrogen.
Will electrifying cars and home heating break the grid?
The government is encouraging Canadians to switch from gas to EVs and from fossil fuels to electric heat pumps as part of Canada's plan to reach net-zero by 2050. That's prompted the question: won't that break the grid?
After Nasdaq debut, VinFast worth more than Ford, GM
Vietnamese EV maker VinFast's (VFS) shares jumped after its U.S. trading debut, vaulting its total market value past some of the world’s largest automakers such as Ford and GM. Following Tuesday's debut, VinFast was worth $115B, according to CNBC.
NFI Group reports $65 million quarterly loss
Winnipeg-based sustainable bus maker NFI Group (NFI-T) reported a loss of $65M in its latest quarter compared with a loss of $75.7M in the same quarter last year as it looks to ramp up production.
EVgo adds Rivian models to Autocharge+ program
U.S. charging network EVgo announced Tuesday that Rivian (RIVN-Q) R1S and R1T owners can now use its Autocharge+ program. At the end of June, EVgo had over 3,200 DC fast-charging stalls in operation or under construction across the U.S.
Hydrogen truck demo lets Alta. carriers conduct test
The Alberta Motor Transport Association (AMTA), a non-profit representing carriers and suppliers in Alberta’s transportation sector, is trialling three Class 8 vehicles as part of the initiative designed to offer AMTA members a chance to test drive the vehicles.
Google joins one of world’s largest SAF programs
American Express Global Business Travel, the world’s leading B2B travel platform, and Shell Aviation announced Google (GOOGL-Q) has joined its sustainable aviation fuel (SAF) program. The program launched in 2022 with one million gallons of SAF available for corporate customers.
Shipping's greener fuel quest runs into complications
Some scientists have linked the regulation that banned cheap, dirty marine fuel to warmer ocean temperatures which can ultimately kill marine life, help melt sea ice and lead to stronger hurricanes. But establishing cause and effect isn't easy.
U.S. Inflation Reduction Act is fueling a factory frenzy
More than 100 new clean energy manufacturing facilities or factory expansions were announced in the U.S. since President Biden signed the law last August, adding up to nearly $80 billion in new investment.
Alberta electricity prices more than double
The 128 per cent surge in the province’s power prices was the primary cause of an 11.7 per cent increase in those costs nationwide, Statistics Canada reported in consumer price index data released Tuesday.
Renewables shift ‘moving faster than people think’
The shift from fossil fuels to renewable energy is surging faster than policy-makers imagined and energy transition advocates dreamed, several news reports say, with China, the United States, and the European Union leading the way.
A look at Sweden's visionary wood city
The plan for a development made of mass timber — a class of wood building components fabricated to be extremely strong — could become a global model, ushering in wider use of the material, which proponents say can significantly shrink carbon footprints.
E-bike manufacturers are fighting right-to-repair
A recent string of dangerous fires sparked by e-bike batteries is having an unexpected impact on conversations about the right to repair a bicycle, something generations of bicycle owners have taken for granted. For right-to-repair advocates, this represents a problem.
Absolut to test selling vodka in a paper bottle
Absolut is testing sales of a 500-millilitre paper bottle sold in select Tesco stores in Manchester, U.K. The project is part of an ongoing collaboration between four consumer brands — Coca-Cola, Carlsberg, Procter & Gamble and L’Oreal — and packaging venture Paboco.
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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