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Cadillac Fairview embarks on $9.5M decarbonization of Vancouver properties
CF embarks on $9.5M decarbonization of Van. properties
Cadillac Fairview has raised $9.5 million to fund the decarbonization of its Pacific Centre and Waterfront Properties in Vancouver. The upgrades are expected to cut up to 3,000 tonnes of carbon dioxide per year when complete.
Lester launches Canada's first biodiversity fund
Lester Asset Management, a Montreal-based portfolio management firm, has launched the Lynx Global Biodiversity Fund – billed as Canada’s first – betting that investing in nature will generate returns. Lynx has raised $8.5 million so far.
Sustainable investing firm Genus opens Toronto office
Vancouver-based sustainable investing pioneer Genus Capital Management Inc. is opening an office in Toronto, with the ambition of having its story told more intimately to a larger market. Genus first started a sustainable portfolio in 1994.
Alta. to ban renewables on prime land, declare no-build zones
Alberta will adopt an “agricultural-first” approach when deciding where new renewable energy projects can be built in the province — while creating 35-kilometre buffer zones around “pristine viewscapes” and requiring developers to put up remediation bonds.
Canada to sell $4B of green bonds under new framework
Canada is preparing to sell $4 billion of sustainable debt in its first issue since the government amended its sovereign green-finance framework in November 2023. The new deal is the second since Canada first sold green bonds in March 2022.
 | The 360 on Energy and Carbon The 360 On Energy and Carbon Leaders series featuring Staples CanadaDavid ArkellOwner, CEO, 360 Energy Inc. |
World Energy GH2, feds agree on green hydrogen project
Export Development Canada, on behalf of the federal government, and World Energy GH2 have signed agreements in connection with a $128-million credit facility to support the development of Project Nujio'qonik through to its financial close of its long-term financing.
Stantec to design $5.9B U.K. battery manufacturing facility
Edmonton-based sustainable design and engineering firm Stantec (STN-T) has been selected to provide integrated design services for Agratas, Tata Group’s global battery business, which is building a battery cell manufacturing facility in the U.K.
Canada charts path for Bay of Fundy tidal energy projects
The Government of Canada has released the Tidal Energy Task Force’s final report to clarify regulatory requirements for tidal energy projects in the Bay of Fundy, with the aim of defining the path for growth of the industry.
Cyclic Materials to begin recycling wind turbine generators
Kingston, Ont.-based metals recycling company Cyclic Materials has expanded its operations to accept two new feedstock streams: wind turbine generators and MRI machines. Both wind turbine generators and MRI machines contain valuable materials such as dysprosium, terbium and copper.
Jacob Homiller appointed CEO of CarbiCrete
Montreal-based CarbiCrete, a manufacturer of carbon-negative concrete, has appointed Jacob Homiller as its new chief executive officer. Homiller has more than 25 years experience with various global industrial companies and was most recently president and CEO of H.C. Starck Solutions.
B Corps, EDI training programs are booming in B.C.
Currently, 137 B.C. companies are B Corp certified, 91 of them certified after 2020. Overall, training and benchmarking programs related to ESG (environmental, social and governance), EDI (equity, diversity and inclusion) and Indigenous relations have seen increased demand in B.C.
Rio Tinto, feds to decarbonize iron ore processing
The federal government awarded $18.1 million from its Low Carbon Economy Fund to Rio Tinto’s Iron Ore Company of Canada to support the decarbonization of iron ore processing at its operations in Labrador West.
Apple to wind down EV effort after decade-long odyssey
Apple Inc. (AAPL-Q) is canceling a decade-long effort to build an electric vehicle (EV), according to people with knowledge of the matter, abandoning one of the most ambitious projects in the history of the company.
Feds, Toronto spending $10M to install 526 new EV chargers
A joint investment of $5 million each from the federal government and Toronto will see 526 new EV chargers installed for use by the city's municipal fleet. The chargers are set to be installed by December 2025.
Fervo raises $330M to deploy next-generation geothermal
Houston-based Fervo Energy says it has raised $330 million in new funding led by Devon Energy to aid in the deployment of commercially viable 24/7 carbon-free geothermal energy. The company says the investment will unlock its next phase of growth.
U.K. banking boss says ESG investing is good for business
Right-leaning populists and politicians are mounting a backlash against businesses that look beyond profits, but Standard Chartered’s CEO Bill Winters doesn’t care. To him, ESG investing is not only good for the health of the world — but also for business.
Green energy shift means caution on dividends: Petrobras
Latin America’s biggest oil company will be more cautious about issuing blockbuster dividends as it moves to become a renewable energy powerhouse, Petrobras chief executive officer Jean Paul Prates said in an interview.
T.O. single-use and takeaway item bylaw takes effect Friday
Starting Friday, Toronto businesses will be required by law to ask customers if they’d like a single-use “accessory food item,” such as utensils, straws, napkins, paper shopping bags, etc. before providing them. Businesses also must accept reusable bags and cups.
Industry Events
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Canada Green Building Council: Building Lasting Change 2024
Jun 05 2024
to Jun 06 2024
Toronto
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Global Conference on Renewable Energy and Environmental Sustainability
Aug 16 2024
to Aug 18 2024
Vancouver, Canada
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Greenbuild 2024: Built to Scale
Nov 12 2024
to Nov 15 2024
Pennsylvania Convention Center, Philadelphia, PA
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