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$100M CIB, Scotiabank venture to decarbonize commercial properties

1 week ago

CIB, Scotiabank to decarbonize commercial properties

The Canada Infrastructure Bank (CIB) has formed a $100-million partnership with Scotiabank (BNS-T) to finance energy efficiency retrofits for Scotiabank's Canadian real estate clients.

Cyclic Materials to develop $25M recycling site in Kingston

Cyclic Materials has announced a US$25-million investment to develop a 140,000-square-foot facility in Kingston, Ont. that will host a commercial-scale magnet recycling unit and research and development labs focused on rare earth metals recycling.

$30B needed to meet Canada's critical mineral demand

A newly released report estimates Canada will need at least $30 billion in new capital investments by 2040 if it wants to meet domestic demand for the critical minerals key to a green economy transition. 

Lululemon signs 10-year deal to secure 20% recycled fibres

Lululemon (LULU-Q) plans to source nearly one-fifth of its fibre mix from material recycled from used clothing and scraps by 2035. It will purchase content from Australian startup Samsara Eco, which specializes in AI-powered enzymatic recycling.

Anaergia to equip two more biomethane plants in Italy

Anaergia Inc. (ANRG-T) says its Italian subsidiary has amended an existing agreement with engineering firm Techbau S.p.A. to cover two additional biomethane plants, lifting the total number of joint projects in Italy to seven.

British Columbia power grid under pressure

B.C. is accelerating efforts to shore up its electricity system as demand for clean power surges. BC Hydro has issued two requests for expressions of interest as it prepares for a wave of new expansion and electrification of transportation.

Some Newfoundland hydrogen companies behind in bills

Newfoundland and Labrador is owed millions of dollars in fees from green energy companies, underlining growing doubts about whether promises of major projects and multi-billion dollar investments will pan out. 

Canada’s love affair with EVs has stalled

The market share for electric vehicles (EVs) tumbled in the first quarter of the year to the lowest level since early 2023, new numbers show, raising doubts about the federal government’s aggressive targets for battery-powered vehicles.

Toronto - an EV manufacturing hub for over a century

From 1893 to 1913, four Canadian companies and one American company built or tried to build EVs in the Greater Toronto Area. Two of these companies still exist, though most people likely wouldn’t recognize them today.

Hydro-Québec secures PPA with 22 MW biomass plant

Hydro-Québec has entered into a new long-term power purchase agreement (PPA) with a 22-megawatt (MW) biomass-fuelled power plant located in Saint-Félicien, Que. The facility is owned and operated by the Société en commandite Bioénergie AE Côte-Nord Canada.

Ottawa City Council backs rural west battery project

A proposed 250-megawatt battery storage installation in Ottawa’s rural west won a resounding vote of confidence Wednesday as Ottawa City Council approved a municipal support resolution for the project on a 20-3 vote.

‘Clean energy CEO’ becomes Canada’s top bureaucrat

Veteran Ottawa watchers are mostly hoping for an acceleration in Canada’s clean energy transition after Prime Minister Mark Carney announced Wednesday afternoon that Michael Sabia, most recently the president and CEO of Hydro-Québec, will head up the Privy Council Office.

Study sheds light on solar farm impacts to property values

As solar energy becomes more affordable and widespread, farmland has emerged as a prime location for large-scale solar development. But with this expansion comes a persistent question: Do nearby property values suffer when solar farms move in?

Amazon’s secret weapon for cooling data centres

Amazon plans to use recycled water to cool more than 120 U.S. data centres by 2030, a move that the technology company said will save more than 530 million gallons of freshwater annually.

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