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Trane to acquire Montreal’s BrainBox AI

4 days ago

Trane to acquire Montreal’s BrainBox AI

Climate control equipment manufacturer Trane Technologies Plc (TT-N) will be acquiring Montreal-based BrainBox AI, a company optimizing the performance of buildings with artificial intelligence (AI), reducing energy consumption and greenhouse gas emissions.

VW to make $69M investment in lithium explorer Patriot

Volkswagen Group will be investing $69 million into Vancouver-based Patriot Battery Metals Inc. (PMET-T) for a 9.9 per cent stake in the company and a lithium offtake deal to supply its Ontario electric vehicle battery factory.

Deep Sky gets $40M commitment from Bill Gates’ Catalyst

A US$40-million grant commitment from Bill Gates’ Breakthrough Energy Catalyst for Deep Sky’s carbon removal facility in Alberta caps off a year that saw the Montreal-based company make strides toward commercialization of its ambitious climate solution.

HPQ settles $4.9M debt with PyroGenesis

Montreal-based HPQ Silicon Inc. (HPQ-X) has approved the settlement of outstanding debts of approximately $4.9 million owed to PyroGenesis Inc. (PYR-T), its technology supplier. PyroGenesis develops plasma-based technologies for sustainable manufacturing and waste destruction.

CSSB issues first climate-reporting rules for companies

The Canadian Sustainability Standards Board (CSSB) has issued its first standards, sticking closely to international guidelines, but giving companies extra time to adopt some contentious provisions for emissions reporting, scenario analysis and timing of disclosures.

Science is key to structuring, preparing for new PFAS rules

GUEST SUBMISSION: In the realm of environmental management, few topics have garnered as much attention as the contamination of environments with per- and polyfluoroalkyl substances (PFAS), which present significant challenges due to their persistence and potential health risks.

Federal government softens Clean Electricity Regulations

The Canadian government is pressing ahead with its contentious new rules, the Clean Electricity Regulations, to limit greenhouse gas emissions from provinces’ electricity grids, although they have been softened from the original proposal.

Alberta's AI plans could bring a big emissions challenge

Earlier this month, Alberta unveiled plans to see $100 billion worth of AI data centre infrastructure built in the province. And though the opportunity could be immense, so too could be the challenges tied to Alberta's climate goals. 

Lion Electric granted creditor protection by Quebec court

Saint-Jérôme, Que.-based Lion Electric Co. (LEV-T) has been granted protection from creditors under the Companies’ Creditors Arrangement Act by the Superior Court of Quebec. Deloitte Restructuring has been appointed to oversee the restructuring efforts at the company.

Que. to ban sale of most new gas-powered vehicles by 2035

The Quebec government has adopted regulations banning the sale of most new gasoline-powered vehicles as of 2035. The rules, adopted Monday, apply to all “light-duty” vehicles, which the province describes as cars, light trucks, pickup trucks and most SUVs.

Biden OKs California gas-car ban, sets up clash with Trump

The Biden administration has authorized California regulations that compel the sale of zero-emission vehicles over the next decade and ultimately ban the sale of gasoline-powered cars in 2035. U.S. president-elect Donald Trump has vowed to “terminate” electric vehicle (EV) mandates.

Honda, Nissan said to be in merger talks

According to a recent report in Nikkei Asia, Honda and Nissan are exploring a merger deal. It’s a significant development from joint releases put out by the companies that hinted at collaboration with respect to EV and autonomous technology development.

BMW's EV transition: Jobs will disappear and new ones added

Unlike many other carmakers, BMW said it won’t cut jobs during the transition to EVs. Chief executive officer Oliver Zipse made the pledge in 2021 and BMW officials confirm that is still the goal.

EV owners increasingly looking to switch back to gas

McKinsey & Co.’s 2024 Mobility Consumer Pulse survey found 46 per cent of current EV owners in the U.S. would likely switch back to gas. The Canadian figure is “in the same ball park”, a partner at McKinsey's Toronto office said.

Four tips for renting an EV for holiday travel

Renting an EV is a great way to take one for an extended test spin. Here’s what you need to know before you drive off the lot with a car that runs on electrons.

Flygreen, 4AIR partner on private aviation sustainability

Montreal-based Flygreen, a provider of jet charters, has announced a partnership with 4AIR, an organization dedicated to sustainability in private aviation. Flygreen customers will have the opportunity to purchase sustainable aviation fuel and carbon credits through 4AIR.

Could tariffs fight climate change?

Canada and the U.S. are among those discussing carbon tariffs as a way to protect local industry and simultaneously achieve climate goals. But do they work? And what will that do to trade and the cost of living?

Qcells says technology could reduce space needed for solar panels

Hanwha Corp.'s Qcells said on Wednesday it had made a breakthrough in an emerging solar technology that has the potential to reduce the amount of space required by panels that generate power from the sun's rays.

Why Barclays is one of the main targets of U.K. climate activists

Though a smaller player than U.S., Canadian and Japanese banks, Barclays has provided more bonds and loans to fossil fuel companies than any European rival over the past three years, according to data compiled by Bloomberg.

10 good news stories on climate and clean energy in 2024

2024 was better for climate action and the green transition than many people realize. Canada and the world made enormous strides addressing climate change and building a cleaner economy. Here are some encouraging signs for an accelerating path to decarbonization. 

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