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RBC exits $500B sustainable finance goal, cites anti-greenwashing law

1 week ago

RBC exits $500B sustainable finance goal

RBC (RY-T) is abandoning its commitment to facilitate $500 billion in sustainable finance by 2025 and its methodology for measuring progress toward the goal, according to its 2024 sustainability report.

Landscaping critical for real estate sustainability: Strathmore

Commercial buildings with green roofs and gardens on their grounds can contribute to climate resiliency and biodiversity while reducing maintenance costs, said Jessica Milligan, president of Montreal-based Strathmore Commercial Landscape Management.

Carney’s win seen as bullish for renewable energy stocks

The federal election results are expected to have a significant impact on energy stocks. In his victory speech, Prime Minister Mark Carney pledged to “build Canada into an energy superpower in both clean and conventional energy.”

Hypercharge to deploy hundreds of EV chargers in W. Canada

Vancouver-based Hypercharge Networks Corp. (HC-X) has announced the launch of a new electric vehicle (EV) charging project with Auctus Property Fund LP to deploy 444 Level 2 charging stations across 16 rental communities in Western Canada by fall 2027. 

Ontario logistics centre achieves ZCB design certification

Industrial real estate provider Pure Industrial said its 1.2-million-square-foot Lakeridge Logistics Centre in Ajax, Ont. has achieved the Canada Green Building Council’s Zero-Carbon Building (ZCB) Design certification, one of the largest Canadian industrial properties to do so.

Passive House Canada announces CEO transition

Passive House Canada has announced the upcoming departure of CEO Chris Ballard, effective May 9, and the appointment of incoming CEO Michael Quast, who officially assumed the role on April 28.

B.C. cleantech sector goes global amid trade uncertainty

The director of growth for ClimateDoor Partners Inc., a Vancouver-based climate venture builder, helped lead a trade mission to Australia in February. It was one of the largest trade missions ever conducted between Canada and Australia.

Renewable energy seen as force for sovereignty in the North

For the First Nation that owns the wind farm atop Haeckel Hill, overlooking Whitehorse, the facility bolsters hard-won sovereignty – a concept Canadians everywhere are contemplating as U.S. President Donald Trump talks of annexing the country.

Thermal Energy Q3 revenue falls to $5.8M

Ottawa-based heat recovery equipment designer and manufacturer Thermal Energy International Inc. (TMG-X) saw its Q3 revenue decrease 4.1 per cent year-over-year to $5.8 million, mainly due to lower revenues from heat recovery projects.

RecycLiCo terminates joint venture with Zenith Chemical

Surrey-based lithium-ion battery recycler RecycLiCo Battery Materials (AMY-X) and its joint venture partner Zenith Chemical Corporation have decided to abandon the construction of a battery recycling facility in Taiwan. RecycLiCo will sell its entire interest in the project to Zenith.

B.C.’s ZEV mandate on collision course with consumer reality

B.C.’s legislated mandates for zero-emission vehicle (ZEV) sales in the province will push ownership costs higher with help from U.S. and Canadian trade action, the industry association that represents new car dealers in British Columbia said.

Will Canadians buy EVs without rebates?

EV sales have dropped by more than half since the federal government slammed the brakes on its $5,000 EV rebate earlier this year – and they likely won’t rebound without it, an industry analyst said.

Why predicting battery performance is like forecasting traffic

How much energy lithium-ion batteries store and how well they work depends on a tangle of factors, including the temperature, physical structure of the battery and how the materials age over time.

Porsche reassesses battery ambitions amid slower EV uptake

Porsche is reassessing its battery strategy in response to the slower-than-expected ramp-up of electric mobility. The German carmaker has confirmed a strategic realignment of its battery activities and has also issued a profit warning.

Netherlands invests $726M in CCS project

The Dutch government has committed US$726 million to the Aramis carbon capture and storage (CCS) project, the largest of its kind in the Netherlands. The investment comes after Shell and TotalEnergies reduced their financial support for the project.

American Battery Technology gets LOI for $900M financing

American Battery Technology (ABAT-Q) said on Tuesday it received a letter of interest (LOI) from the U.S. Export-Import Bank for US$900 million in financing to support the construction of its Nevada-based lithium mine and refinery.

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