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Recent Articles

Wood to sell built-environment unit to WSP for $1.9B

2 years ago

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John Wood Group Plc agreed to sell its built-environment consulting business to WSP Global Inc. for gross proceeds of about $1.9 billion. Montreal-based engineering-services firm WSP will finance the transaction with a new $1.81 billion term credit facility.

BIZ   •   • 

EverGen Infrastructure Corp. has acquired a 50 per cent interest in Project Radius, three Ontario renewable natural gas (RNG) developments which will almost triple its production.

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America’s electric power system is undergoing radical change. While the first decade of the 2000s saw huge growth in natural gas generation, early signs suggest the innovation of the 2020s may be a boom in “hybrid” power plants.

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Just like many other mineral exploration companies convinced they have an economically viable mineral deposit to be pursued, Canadian Premium Sand Inc. has been trying to develop its sand deposit near Seymourville, Man. since 2014.

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The lack of leadership from governments at Canada’s federal and provincial levels to either incentivize or mandate energy performance improvements in existing buildings means owners must be convinced to take action for their own sake.

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Water gives us life, but it can also create a perilous state for facility managers and condo-dwellers in buildings. It accounts for 70 per cent of all insurance claims by dollar value, with $7 billion spent annually in North America.

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Hershey achieved a 48 per cent reduction of its Scope 1 and Scope 2 GHG emissions; significant progress toward its 2030 goal of a 50 per cent absolute reduction, compared to a 2018 baseline.

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In response to heavy lobbying by institutional shareholders who see climate change as an existential risk, some 25 per cent of U.S. public companies include an ESG metric for their executive incentive plans, says proxy firm Glass Lewis & Co.

Building Lasting Change

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Two years after the pandemic emerged, COVID-19 and global migration emergencies continue to impact society. At the same time, the health of the planet is deteriorating, and trust in our most established institutions is eroding.

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Sustainability started as a way to measure and mitigate risk. When you consider it through that lens, one risk that has become front and centre throughout the pandemic is human capital management.

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Proterra is the second battery-powered bus manufacturer in California to enter into a collective bargaining agreement, giving a leg up to potential workers typically excluded from union jobs in manufacturing.

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Electric vehicle sales are poised to more than triple by 2025, and yet governments and manufacturers need to lean even harder into eliminating emissions from road transportation by the middle of this century, according to BloombergNEF.

Global Property Market

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The decision by Canada’s six biggest banks to sink another $10 billion into the Trans Mountain pipeline expansion is no surprise after a federal loan guarantee made it easy to back the project, says Stand.earth‘s climate finance director Richard Brooks.

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OPINION: Canada has spent more than a year aggressively opposing the New York Deforestation-Free Procurement Act, groundbreaking legislation that would align the state’s purchases with the protection of climate-critical forests and internationally recognized Indigenous rights.

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Ottawa is set to launch a new program in which it will attempt to work separately with each province and territory to build new low-carbon industries, as it seeks to overcome intergovernmental squabbling that has plagued climate and energy policy.

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Critics say new Alberta legislation aimed at reducing red tape could do just the opposite while threatening parks and protected areas. Last week, the United Conservatives passed a bill that changes the way rules are made on public lands.

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With a growing need for trained workers to help meet clean energy targets, Minneapolis is hoping that free and convenient training opportunities can inspire more people to join the clean energy workforce.

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Shipping must align with the Paris Agreement temperature goal and be run entirely on net-zero energy sources by 2050. Over 200 signatories to the industry-led Call to Action to decarbonize shipping firmly believe the goal is reachable — if this happens.

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More than two-thirds (64 per cent) of U.K. business owners admit they’ve made the switch to partner with an environmentally conscious vendor when it comes to refurbishing technology, shows a new study by EuroPC.

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Rising energy costs have small businesses in the United Kingdom assessing how they use energy and what they can do to implement more efficient transitions, according to research from Novuna Business Finance.

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