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Canada can't miss chance to lead on climate economy: experts

14 hours ago

Cda. can't miss chance to lead on climate economy: experts

A lack of risk capital and policy gaps were identified as weaknesses in Canada’s cleantech sector by speakers at Toronto Climate Week. But they also praised the country for its world-class talent and funding sources.

CC&L acquires 49% stake in 3 Ontario wind energy projects

Connor, Clark & Lunn Infrastructure (CC&L) has acquired a 49 per cent interest in three Ontario wind projects from NextEra Energy Resources, raising its renewables portfolio to almost 2.4 gigawatts of capacity.

Inside Nova Scotia's $60B wind gamble

The team behind Nova Scotia’s $60-billion Wind West project aims to build 66 gigawatts of offshore wind, potentially supplying 27 per cent of Canada’s electricity. It could transform Canada’s clean energy future if prioritized nationally.

Ex-Carbon Streaming CEO hits back with $35.5M claim

Justin Cochrane, the former CEO of Vancouver-based Carbon Streaming who has been accused of misconduct in a US$40-million lawsuit, has countered with a US$35.5-million claim, alleging wrongful accusations and seeking damages.

CarbonCapture moves project to Canada from U.S.

CarbonCapture Inc. originally planned to build a direct air capture system in Arizona. As a result of U.S. government policy, the company made a quick decision to pivot, shipping all the equipment to a rural patch of farmland in Alberta.

PowerBank FY revenues drop 29% YoY

Toronto-based PowerBank Corp. (SUUN-Q) reported revenues of $41.5 million for the fiscal year ended June 30, a drop of 29 per cent year-over-year (YoY). Net loss for the period was $31.1 million.

Max Power moves headquarters from B.C. to Saskatchewan

Citing the province's regulatory framework for natural hydrogen, Max Power Mining Corp. (MAXX-CN) has relocated its headquarters to Saskatchewan from British Columbia. The company will maintain a presence in both Saskatoon and Regina.

Proposed submersible turbine project advances to next phase

A project that would generate hydroelectricity for Fort Providence, N.W.T. using a submersible turbine in the Mackenzie River instead of a dam, will receive just under $600,000 to fund the project's next stage: data collection. 

Ontario to miss emission reduction goal by wider gap

Ontario's environment ministry says it will miss its 2030 greenhouse gas emissions reduction target, but the auditor general said Wednesday the province will in fact likely miss that target by an even wider margin.

Canada’s green hydrogen gamble: Too risky, too late

COMMENTARY: Continuing down its path of unquestioning support for green hydrogen exports, Canada has fallen victim to fallacies and oversights that threaten to lock the country into high-cost, low-value-added exports.

The day I stopped saying fossil fuels

OPINION: A few months ago, I was at a dinner party. I said the words “fossil fuels.” Within seconds, sides formed, and whatever chance we had for a real conversation evaporated. I’ve had better luck talking about clean energy.

Net-Zero Banking Alliance folds in wake of member exodus

The Net-Zero Banking Alliance is to cease operations after a vote to wind up the group which had already lost many of its members amid allegations from some U.S. lawmakers that membership breached antitrust regulations.

Tesla deliveries rise 7% before EV tax credits expire

Tesla (TSLA-Q) reported quarterly vehicle deliveries up seven per cent over the year prior for Q3, the same day that a key tax credit for buyers of electric vehicles (EVs) in the U.S. expired.

New EV battery design promises upwards of 50% more range

U.S.-based 24M Technologies announced this week it has developed a battery manufacturing platform that costs less, adds up to 50 per cent more range, and works with all current battery chemistries. 

MIT scientists discover how to make batteries charge faster

Researchers at MIT have made a discovery that could lead to significantly faster-charging electric cars and devices. The breakthrough relates to the fundamental reaction at the core of all lithium-ion batteries.

Reddit’s former CEO wants you to buy a subscription for trees

This summer, restoration startup Terraformation – led by former Reddit CEO Yishan Wong — rolled out its latest product in beta: a subscription-based model where individuals can fund reforestation for the monthly cost of a streaming service.

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