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Kevric transforms Montreal landmark into sustainable smart building

3 weeks ago

Kevric transforms Montreal tower into sustainable building

Kevric Real Estate Corp.'s ambitious retrofit of the former National Bank head office building at 600 De La Gauchetière W. in Montreal constitutes a blueprint for future sustainable urban development.

Mangrove secures $35M for EV battery materials refinery

Mangrove Lithium has closed a $35-million investment to begin construction of its lithium refinery in Delta, B.C., which will produce enough battery-grade materials for approximately 25,000 electric vehicles (EVs) per year.

Solar to supply 50% of world's energy by 2035: expert

Solar power will supply around half of the world’s energy by 2035 at current growth rates, U.K.-based academic Andrew Crossland and entrepreneur Andrew Birch predict. It's a trend Birch believes Canada will also follow.

Repsol to invest in Enerkem's renewable methanol project

Spain's Repsol has approved a US$834-million investment in Montreal-based Enerkem's Ecoplant project. Located in Tarragona, Spain, Ecoplant will be the first plant in Europe to produce renewable methanol from waste through gasification.

Brookfield invests $389M in Vermont solar developer Encore

Encore Renewable Energy, a clean power developer, lined up US$389 million in loans and tax equity financing from Brookfield Asset Management Ltd. (BAM-T) to expand its portfolio of community-scale solar and battery storage projects.

Manulife raises $480M for carbon credit-generating fund

Manulife Financial’s (MFC-T) global wealth and asset management business announced that it has raised $480 million in commitments at the final close of its Manulife Forest Climate Fund LP, with carbon as the primary value driver.

Canada spends $41M on ‘carbon-neutral’ Saskatchewan mine

The federal government is spending $41 million on a critical minerals mine in Saskatchewan to make it the first “carbon-neutral” copper and zinc mine in Canada. The funds will be delivered through the Strategic Innovation Fund.

N.S. biomanufacturing plant should be running by spring

A $13-million Cape Breton biomanufacturing plant that would essentially replace an oil refinery by turning living molecules into commercial materials, is expected to be in production by the spring. 

Li-Cycle inks recycling agreement in Germany

Toronto-based Li-Cycle Holdings Inc. (LICY-N) is partnering with a high-performance, luxury automaker to recycle lithium-ion battery manufacturing scrap at the company’s Germany Spoke facility. The agreement furthers Li-Cycle's plan to supply the facility with feedstock from Germany.

Ecolomondo begins installation of its new milling line

Montreal-based tire recycler Ecolomondo Corp. (ECM-X) has begun the installation of its new milling line at its Hawkesbury, Ont. plant. Once installed, the line is expected to have capacity to process 2,200 pounds of recovered carbon black per hour.

Shell exits oilsands, boosts stake in carbon facility

Shell Canada Ltd. is exiting the oilsands in a deal with Canadian Natural Resources Ltd. in an agreement that will see it increase its stake in the Scotford upgrader and Quest Carbon Capture and Storage facility near Edmonton.

Sweden’s Northvolt sells stake in battery unit to Volvo

Northvolt agreed with Volvo Cars on Wednesday to sell the battery maker’s stake in their joint venture NOVO Energy for an undisclosed sum and explore potential collaborations in North America.

Volkswagen cancels all-electric ID.7 for Canada

Following a protracted game of will-they-or-won’t-they, Volkswagen has confirmed it will not be bringing its ID.7 all-electric sedan to Canada, citing an overall downturn in EV sales. According to Guide de L’Auto, dealers received the news earlier this week.

Honda eyes launching sub-$30,000 EV in N. America: Nikkei

Honda Motor plans to launch a small EV priced below US$30,000 in North America by as early as 2026, the Nikkei newspaper said on Tuesday, as it plays catch-up in the battery-powered car market.

The U.S. EV industry faces a bumpy road ahead

On one hand, the EV sector is coming off record-high sales. On the other, manufacturers are walking back their plans, anti-EV sentiments are spreading around, and U.S. President Donald Trump is taking a sledgehammer to the U.S.’s pro-EV policies.

Tesla shares rise on plans for cheaper EVs, autonomous car

Tesla (TSLA-Q) shares rose about three per cent before the bell on Thursday as plans to roll out cheaper EVs and paid autonomous car services by the automaker that missed Wall Street expectations for Q4 lifted investor sentiment.

Climate group publishes guide on the dollar value of nature

A climate change think tank, the University of Waterloo’s Intact Centre on Climate Adaptation, has released a guide encouraging municipalities to assign specific dollar values to natural assets ranging from wetlands to coastal dunes.

ESG funds hit by worst-ever redemptions as backlash deepens

ESG fund managers are facing one of the toughest moments in the strategy’s history, as clients pull record amounts of money. In the U.S., ESG fund managers suffered almost US$20 billion of withdrawals last year, according to Morningstar.

Climate change made L.A. 35% more primed to burn: scientists

Climate change made Southern California’s dangerous wildfire conditions in early January 35 per cent more likely than they would have been before the industrial era, according to a new analysis by the scientific group World Weather Attribution.

Walmart turns its food waste into compost now sold in 100 stores

ReCirculate, a premium compost product made from unconsumed food sourced from thousands of grocery stores by Denali, a Russellville, Ark.-based recycler of organics, is now available for purchase at more than 100 Walmart (WMT-N) locations in eight U.S. states. 

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