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CarbonCure raises $100M for concrete carbon removal
CarbonCure raises $100M for concrete carbon removal
CarbonCure Technologies, a Halifax-based company specializing in trapping carbon in concrete, has raised over $100 million in a funding round led by Switzerland-based investment firm Blue Earth Capital to support its growth.
 | The 360 on Energy and Carbon The circular economy: What it is and why it mattersDavid ArkellOwner, CEO, 360 Energy Inc. |
Ivanhoé Cambridge issues its first sustainability bond
As part of its sustainable finance program, Ivanhoé Cambridge announced the successful issuance of its first sustainability bond, in an amount of $300M. The issue carries a coupon rate of 4.994 per cent and matures on June 2, 2028.
Canada announces $450M Green Climate Fund
This contribution, unveiled at the Ministerial on Climate Action in Brussels, is a 50 per cent increase from Canada’s 2019 pledge. This funding, part of Canada’s $5.3B climate finance commitment, will support developing countries’ clean energy transitions.
A $239M fund for overlooked climate tech startups
Prime Coalition and Azolla Ventures have launched a $239M fund to invest in startups that are unlikely to lure traditional investors for their climate technology solutions. The platform underscores the rush among investors and policymakers to seek climate solutions.
Alta. energy minister told to incentivize oil well cleanup
Direction from Alberta Premier Danielle Smith to her energy minister suggests the provincial government hasn’t given up on a program that would see taxpayers backstop the cleanup of old oil and gas wells that companies are legally required to do.
Alta. files criminal charges against carbon offset firm
For the first time ever, a Canadian province has filed criminal charges against a business, Amberg Corp., for providing false information related to carbon offsets, underscoring the sometimes murky activities of companies in a rapidly growing industry.
NOVA considers major pyrolysis plant in Canada
Calgary-based plastic producer NOVA Chemicals is exploring a partnership to build a pyrolysis plant in Sarnia, Ont. to process up to 146 million pounds of scrap plastic each year. The plant would be the largest of its kind in Canada.
Hydro-Québec faces skepticism on green power supply
Doubts about Hydro-Québec’s ability to meet rising local demand for green electricity has some concerned that not only will power rates in the province rise, but attempts to decarbonize and meet climate-related goals will be impeded as well.
Doubts cast on EverWind's N.S. hydrogen project
Germany’s largest business magazine has published a feature story delving into EverWind Fuels’ “green hydrogen” project in Point Tupper, Nova Scotia. The report found the green hydrogen claims confusing and overblown, to put it kindly.
NYSE to delist Caisse-backed Azure Power Global
The Azure investment has been a governance nightmare for Caisse de Depot et Placement du Quebec, Canada’s second-largest pension manager, which acquired 56 per cent of the company at a cost of about $630M, according to Bloomberg calculations.
Ont. to seek new wind, solar sources to fill power need
Ontario is working toward filling all of the province's quickly growing electricity needs with emissions-free sources, including a plan to secure new renewable generation, but isn't quite ready to commit to a moratorium on natural gas.
NEO Battery Materials to expand into Canada
Vancouver-based NEO Battery Materials, a silicon anode materials developer, has kicked off its Canada Expansion Strategy by appointing Dr. Luc C. Duchesne as vice president of government relations to secure government grants and non-dilutive funding initiatives.
Toyota, Edmonton Airport partner on hydrogen EVs
Edmonton International Airport (YEG) announced 100 Toyota Mirai hydrogen fuel cell electric vehicles will soon be on Alberta's roadways thanks to a partnership with Toyota Canada. The initiative will contribute to YEG's goal of being net-zero by 2040.
How Canada can get in on the EV battery gold rush
If we can sustainably mine and supply metals to EV manufacturing hubs in North America, Canada will be spinning green gold. But there’s a catch: most of the mineral deposits required to fuel this transition lie in the far North.
N. America’s first hydrogen-powered passenger train
Tourists can catch a ride on the hydrogen fuel cell-powered train during a four-month demonstration project between Quebec City and Baie-Saint-Paul. Alstom, a leading French manufacturer specializing in smart and sustainable mobility solutions, built the train, known as Coradia iLint.
Feds give beef industry $12M to support sustainability
Ottawa is investing more than $12 million into the nation’s beef industry, aiming to support the growth and increasing sustainability of Canada’s cattle producers. The funding will go to the Canadian Cattle Association’s Beef Cattle Research Council.
U.S. launches $20B programs for carbon cutting projects
The initiatives, part of the $27 billion Greenhouse Gas Reduction Fund established by President Joe Biden’s Inflation Reduction Act last year, are the latest move by his administration to support projects that reduce planet warming emissions.
Shell explores selling renewable power stake
The deliberations come as chief executive officer Wael Sawan focuses the company’s investments on fossil fuels in a bid to increase shareholder returns and narrow the valuation gap with Shell’s (RYDAF) U.S. peers.
EU passes nature restoration law in knife-edge vote
The EU has narrowly passed a key law to protect nature – a core pillar of the Commission president Ursula von der Leyen’s European Green Deal – after months of fiery debate and an opposition campaign scientists criticised as misleading.
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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