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Lion Electric sells new Mirabel facility to BTB REIT for $28M

1 year ago

Lion Electric sells Mirabel plant to BTB REIT for $28M

Saint-Jérôme, Que.-based electric vehicle manufacturer Lion Electric Company has completed a sale-leaseback transaction with Montreal's BTB Real Estate Investment Trust for its new battery factory in Mirabel, Que. for $28 million.

BOMA BEST building certifications to expand into U.S.

Building Owners and Managers Association (BOMA) International and BOMA Canada have signed a letter of intent to implement the BOMA BEST building certification program in the United States. 

Quebec's talks with EV battery makers 'advanced'

Quebec’s investment and financing agency is confident of luring an electric vehicle (EV) battery maker as part of a multi-billion-dollar effort to create a major supply hub for the car industry. Discussions are at an “advanced” stage.

Alberta has Canada’s biggest Indigenous solar project

Terry Hui, CEO of Concord Pacific and Allan Adam, Chief of Alberta’s Athabasca Chipewyan First Nation (ACFN) announced the completion of a $143-million solar energy project anchored in a trio of towns in Southern Alberta.

Investor action lacking on climate commitments: report

A report from Investors for Paris Compliance raises questions about how well some of Canada’s biggest investors are meeting their climate commitments. It looks at the voting records on shareholder proposals by 19 Canadian members of Climate Action 100+.

Oil, gas emissions cap needed for 2030 goal: NZAB

The Net-Zero Advisory Body (NZAB) has declared Canada is “unlikely to attain its 2030 emission target” without an oil and gas emissions cap, just days after senior oil sands executives insisted they can’t invest any faster in decarbonization.

Power Nickel to explore for mines with satellites

Fleet Space Technologies is forming a partnership with Canadian metal exploration company, Power Nickel, the company announced Feb. 1. This system aims to enable faster, more environmentally-friendly exploration for high-grade nickel deposits at Power Nickel’s flagship NISK project in Quebec. 

Ottawa’s Greenbelt is not federally protected

Wrapping around the city of Ottawa is a horseshoe-shaped green space taking up 20,000 hectares of land. Known as the Ottawa Greenbelt, it’s been managed by the National Capital Commission, a federal Crown corporation, since the 1950s.

P.E.I. suspends new shoreline protection projects

Prince Edward Island is imposing a moratorium on new shoreline protection projects after a controversy over a large, rock breakwater built around a beachfront home. It will freeze projects until a new coastal zoning policy is created.

Vancouver commits to Healthy Waters Plan

Vancouver City Council approved a key milestone in its Healthy Waters Plan, with the confirmation of the plan’s guiding principles and objectives. It approved a $656-million investment in sewer and drainage systems over the next four years.

McDonald’s renewables strategy for its supply chain

McDonald's 189-megawatt virtual power purchase agreement with five logistics partners is the first time a corporation has served as an anchor buyer for an aggregation deal specifically for its suppliers, according to Enel, the company executing the arrangement.

Italy pushes back against EU greener buildings plan

Italy is pushing back against a major European Union directive aimed at improving the energy efficiency of buildings, seeking to delay and offer exemptions to renovations it says neither the government nor homeowners can afford.

What Lego can teach us about energy project snags

A new book looks at why big projects fail and finds that solar, wind and transmission lines are some of the best kinds of big projects, while nuclear power is among the worst.

Biden's electric vehicle surprise

The Biden administration's plan to jump-start a domestic supply chain for electric vehicles is on track to shatter expectations. Some experts say the value of those tax credits may be four times higher than Congress' budget experts anticipated.

Staying ahead of mandatory carbon disclosure rules

Carbon disclosure is being spotlighted on the international stage, with Belgium, Canada, Chile, France, Japan, New Zealand, Sweden and the United Kingdom among those requiring financial disclosures aligned with the Task Force on Climate-Related Financial Disclosure.

The coming wave of climate legal action

Companies and governments face a growing wave of legal action over the consequences of climate change. Plaintiffs are utilizing laws traditionally used to target organized crime groups, or going after environmental marketing claims and backing themselves up with better science.

Ukraine war sped up transition out of fossil fuels

When Russia launched its invasion of Ukraine last winter, it looked like it would derail the global green energy transition from fossil fuels. Despite a spending frenzy on natural gas, oil and coal, the world wants out.

A sea change for carbon capture

How much more CO2 can the ocean swallow, without harming sensitive ecosystems and further accelerating the acidification endangering coral reefs, mollusks and other sea life? A school of early-stage entrepreneurs is fishing for answers, through both technological and biological means. 

U.S. emissions of top GHG higher than expected: study

While emissions of sulfur hexafluoride, the world’s most potent greenhouse gas (GHG), have fallen sharply in the U.S. in recent decades, actual emissions are significantly higher than the official government estimates, a new study concludes.

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