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Power Sustainable fund gets $806 million in new capital
Power Sustainable fund gets $806M in new capital
Power Sustainable has obtained an $806 million capital commitment from subsidiaries of Great-West Lifeco. This sum will be made available to the investment fund under the direction of the Power Sustainable Infrastructure Credit unit led by Tom Murray.
Next Hydrogen, Casale partner on electrolyzer tech
Next Hydrogen Solutions Inc. (NXH-X) and Lugano, Switzerland-based Casale SA have signed a non-exclusive memorandum of understanding to integrate Next Hydrogen’s electrolyzer technology into green ammonia and methanol plants.
Convertus plans Ontario organic waste processing site
Convertus Group, a London, Ont.-based organic waste processor, plans to build an organic waste facility in York Region expected to be its next flagship site. Convertus has signed a 20-year, $490-million contract with York Region.
Feds pledge $175M for clean energy projects in Alberta
The federal government announced a total pledge of more than $175 million toward 12 new wind, solar and smart-grid projects in Alberta. The funding is expected to create thousands of jobs, including many in First Nation communities.
CaGBC panel outlines the path to grid-friendly electrification
Distributed energy resources can aid the journey to grid-friendly, clean electrification, according to participants in a Canada Green Building Council (CaGBC) webinar. Distributed energy resources refer to non-grid power sources which can be connected to the grid if necessary.
Canada ahead of West in climate battle: Rio Tinto CEO
Rio Tinto (RTPPF) CEO Jakob Stausholm said Canada is a “decade or two” ahead of other western countries in terms of addressing climate change. He hopes to further invest in Canada as the company works to reduce its carbon emissions.
Inuvik wind turbine achieves major milestone
In mid-September, Inuvik, N.W.T. celebrated the first power produced by a 3.5-megawatt wind turbine rising 150 metres into the sky about 12 kilometres east of the town of 3,000 people. The project was developed by NT Energy.
Humber uses digital twins to make buildings smarter
A collaboration between Humber College and Siemens Canada that developed a sustainable microgrid and renewable technology lab will be used to teach students about microgrids – systems that reliably manage the generation, storage and consumption of energy.
Why producing oil in Sask. creates such high emissions
Producing a barrel of oil in Saskatchewan causes much higher emissions compared to the rest of western Canada, and the province's emissions intensity is getting worse, according to data compiled by Enverus Intelligence Research.
Aviation will need govt. help to decarbonize: WestJet
Alexis von Hoensbroech, the CEO of WestJet, says the global push to decarbonize the aviation sector by 2050 will lead to a major increase in ticket prices unless governments step in to offer support.
Carbon Streaming to provide carbon credits to Microsoft
Carbon Streaming (NETZ-NE) will provide Microsoft (MSFT-Q) with carbon removal credits from the Waverly Biochar project in Waverly, Va. The project is expected to deliver up to 10,000 tonnes of carbon dioxide removal credits per year towards Microsoft’s target.
Norway’s $1.9T sovereign fund tightens climate rules
Norway’s $1.9 trillion sovereign wealth fund, the world’s largest, now requires companies to move from target setting to transition planning. Among the sharpened criteria, companies must establish key performance indicators to measure the delivery of their climate transition plan.
How the shift to EVs is fueling the UAW strike
For the first time in history, the United Auto Workers (UAW) union initiated a strike targeting all of the Big Three automakers. Electric vehicles (EVs) and their impact on labour loom large over the picket line.
Toyota, a hybrid pioneer, struggles to master EVs
Once the leading brand for environmentally conscious car owners, Toyota (TOYOF) has failed to keep up with changing consumer preferences and a global government push to reduce the burning of fossil fuels, the main cause of climate change.
Bill Clinton, Israeli billionaire launch $1.3B climate fund
Former U.S. President Bill Clinton is teaming up with Israeli billionaire Ziv Aviram to launch New York-based climate fund EcoBridge Impact with about $1.3 billion of start-up capital. EcoBridge will focus on later-stage companies competing globally.
IRA spurs $286 billion in clean tech investments
A new report, The Clean Investment Monitor: Tracking Decarbonization Technology in the United States, identified $286 billion in new clean investments across the U.S. in the past year thanks to the Inflation Reduction Act (IRA).
Germany on track to pass 50% renewable power this year
Germany says renewables will need to account for 80 per cent of power generation by 2030 to meet its target of net-zero emissions by 2045. However, the country warned it is not currently on track to meet this goal.
No nation fully on track to phase out fossil fuels: report
Climate Action Tracker's analysis of national fossil fuel phase-out plans and renewable energy adoption found none of the countries examined possess explicit fossil gas phase-out plans, and the fossil gas pipeline currently surpasses that of coal.
Toronto may ban gas-burning Uber, Lyft, taxis by 2031
Toronto’s city council could soon consider a recommendation that all vehicles-for-hire, including Ubers (UBER-N), Lyfts (LYFT-Q) and taxis, must produce zero emissions by 2031. The recommendation is included in a report from Toronto’s Municipal Licensing and Standards division.
Toronto property owner bans e-vehicles at its buildings
Tenants' rights advocates are raising legal concerns about a Toronto building complex owned by Oberon Development Corporation that's banning electric transportation vehicles from the property, including in units, the garage, parking spaces and lockers.
Industry Events
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Sustainable Finance Forum 2024
Nov 28 2024
to Nov 29 2024
Shaw Centre, Ottawa
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Zero Carbon Building Standards Interactive Workshop
Dec 10 2024
to Dec 12 2025
Online
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FCM’s Sustainable Communities Conference 2025
Feb 10 2025
to Feb 13 2025
Fredericton, NB
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GlobeXchange
Feb 11 2025
to Feb 14 2025
Sheraton Centre Toronto Hotel
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BuildGreen Atlantic 2025
Apr 28 2025
to Apr 29 2025
Halifax, NS
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Building Lasting Change
Jun 18 2025
to Jun 20 2025
Vancouver, BC
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