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Sustainable Biz Canada's top stories of 2025
Opportunities abound for sustainability in 2026: investors
After a year of political tumult and economic headwinds, investors in the Canadian sustainability sector say the companies backed by solid fundamentals and a strong business case will prevail going into 2026.
CDPQ to acquire renewables company Innergex in $10B deal
Pension fund Caisse de dépôt et placement du Québec (CDPQ) announced in February an agreement to acquire Quebec-based renewable energy producer and developer Innergex Renewable Energy Inc. in a deal valuing Innergex at $10 billion, including debt.
Co-operators raise climate solution investments to $3B
Co-operators said in September it was raising its climate commitment by US$1 billion to show “how seriously this organization takes climate change as a strategic issue,” one of its sustainability leads told Sustainable Biz Canada.
RBC exits $500B sustainable finance goal
In April, RBC (RY-T) abandoned its commitment to facilitate $500 billion in sustainable finance by 2025 and its methodology for measuring progress toward the goal, as detailed in its 2024 sustainability report.
Sustainability sector retrenches after U.S. election
The global sustainability sector will carry on despite resistance from a new U.S. administration, panellists at the GLOBExCHANGE conference in Toronto said in February, shortly after the inaugration of U.S. President Donald Trump.
There's still spark in Canada's EV battery industry
A barrage of bad news hit Canada’s plans to grow its electric vehicle (EV) battery sector in 2024, but it's not all doom on the horizon. Linamar, NEO Battery Materials, Electra Battery Materials and Siemens made major announcements in 2025.
Lion Electric sold to group of Quebec investors
Bankrupt electric bus and truck maker Lion Electric announced in May it would live on after a Quebec judge approved its sale to a consortium of investors, led by MAC Metal co-owner Pierre Wilkie and Group Mach president Vincent Chiara.
Exro Technologies files for bankruptcy
Following a strategic review and the resignation of CEO Sue Ozdemir, Calgary-based EV power electronics company Exro Technologies announced in November it consented to the appointment of a receiver under the Bankruptcy and Insolvency Act (Canada).
Battery recycler Li-Cycle enters bankruptcy
In May, battery resource recovery company Li-Cycle Holdings filed for bankruptcy protection under the Canadian Companies Creditors Arrangement Act as it continued to seek buyers or investors to keep its business operating. Li-Cycle was acquired by Glencore in August.
FLO, Hypercharge, SWTCH advance EV charger installations
In August, Quebec-based FLO announced a partnership to bring EV chargers to 100 Tim Hortons locations across Canada. SWTCH, Hypercharge, United Chargers and Australia-based Jolt also made major Canadian EV charger projects in 2025.
Low-carbon concrete moves closer to the mainstream
In June, CarbiCrete and Isobloc partnered to create insulated, energy-efficient building blocks. In November, Progressive Planet made the first pour of its PozGlass cement component and Bio Graphene Solutions demonstrated its low-carbon concrete mix at Toronto's Exhibition Place.
Deep Sky forges ahead with carbon removal in Canada
Montreal-based Deep Sky started operations at its Innisfail, Alta. Alpha facility in August. There, the company is testing technologies to filter out carbon dioxide from the atmosphere for long-term underground storage. Deep Sky named Alex Petre as CEO in June.
Hydrogen continues to gain ground across Canada
Triple Point Resources released plans for a hydrogen storage facility; HTEC advanced a hydrogen liquifier; Charbone and ABB partnered to rollout modular green hydrogen plants; and QIMC announced plans to ramp up natural hydrogen extraction.
Nova Scotia paper mill closes financing for $450M wind farm
In January, it was announced that a $450-million wind energy project being developed by the sister company of Nova Scotia-based Port Hawkesbury Paper will be powering its mill and providing clean electricity to the provincial grid.
Energy storage projects surge in Ontario
The November start of construction on Canada’s largest battery energy storage system south of Ottawa is just one example of Ontario’s demand for grid reliability and resilience, a backbone of the clean energy transition.
SolarBank becomes PowerBank, maintains sunny outlook
PowerBank (SUUN-Q), which changed its name from SolarBank in July, told Sustainable Biz Canada in January that it expects sunny days ahead. CEO Richard Lu said the Toronto-based company looked forward to fulfilling a $1.5-billion project pipeline.
Industry Events
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ECO IMPACT 2026
Feb 19 2026
to Feb 20 2026
The Westin Calgary
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BuildGreen Atlantic
Apr 27 2026
to Apr 28 2026
Halifax, NS
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The Evergreen Conference
May 06 2026
to May 07 2026
Toronto, ON
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Building Lasting Change
Jun 17 2026
to Jun 19 2026
Montréal, QC
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Retrofit Canada Conference
Jun 24 2026
to Jun 25 2026
Halifax Convention Center
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