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Judge OKs sale of Lion Electric to Quebec investors

2 days ago

Judge OKs sale of Lion Electric to Quebec investors

Bankrupt electric bus maker Lion Electric Co. will live on after a Quebec judge approved its sale to a consortium of Quebec-based investors. The consortium is led by company director Pierre Wilkie and Mach Group president Vincent Chiara. 

Aeon Blue finds welcoming home in Atlantic Canada

A technology that weaves sustainable fuel out of renewable energy, seawater and the air while capturing carbon dioxide is the dual-purpose creation of Sydney, N.S.-based Aeon Blue. Its system is designed to generate a one-to-one replacement for traditional fuels.

Designers tackle a Passive House industrial building

Air tightness, temperature and visual distractions were critical issues to overcome when designing a highly specialized, Passive House-certified manufacturing facility being built to anchor an industrial park on Prince Edward Island.

Fuelling a sustainable economy via flow-through shares

GUEST SUBMISSION: For nearly 30 years renewable energy companies in Canada have been using what are called flow-through shares, which allow companies to "flow" tax deductions to investors, who can gain a tax deduction up to 100 per cent.

Canada Pension Plan abandons net-zero target

The Canada Pension Plan Investment Board (CPPIB) has abandoned its net-zero carbon emission target, becoming the latest major business to backtrack on environmental commitments citing legal uncertainty. CPPIB manages $714.4 billion in assets on behalf of Canadians.

Comp. Bureau asked to probe RBC sustainable finance exit

Six individuals backed by environmental groups allege in a letter to Canada's Competition Bureau that RBC’s recent withdrawal of sustainability targets supports their initial claim that the bank contravened the Competition Act by misrepresenting its commitment to the Paris Agreement.

Duchess Solar secures $48M financing to build in Alberta

Duchess Solar, a proposed 19.8-megawatt solar project in Newell County, Alta., will be moving ahead with a financing package totalling nearly $50 million from the Canada Infrastructure Bank and private sector loans guaranteed by the Alberta Indigenous Opportunities Corp.

Solar Alliance announces loss decreases in 2024

Vancouver-based Solar Alliance Energy (SOLR-X) saw its net loss decrease to $684,134 in 2024, down from $1.8 million in 2023. Total expenses were reduced by 5.5 per cent to $2.9 million last year.

Stellantis pausing Windsor production of 2026 electric Dodge

Stellantis (STLA-N) will postpone production of the 2026 electric Dodge Charger R/T at its Windsor assembly plant because of the U.S. tariffs on Canadian-made cars. The company said there will be no impact on jobs at the plant.

Halifax adds 60 new electric buses to transit fleet

Halifax has officially launched its 60 new electric transit buses into service, a move the city says will save thousands of tonnes of carbon emissions each year. The city added 60 battery-powered Nova Bus electric vehicles to replace diesel models.

Taiga restarts production of electric watercraft

Quebec-based Taiga Motors Inc. has restarted manufacturing and started customer deliveries of its new MY25 Orca electric watercraft. The company was on the brink of bankruptcy last October before a strategic rescue by U.K. entrepreneur Stewart Wilkinson.

Northvolt to wind down battery making operation in Sweden

Swedish automotive battery maker Northvolt, which declared bankruptcy in March, plans to wind down its remaining battery cell production in the Nordic country by the end of June, its trustee said on Thursday.

Neo Performance Materials decides to stay the course

Toronto-based Neo Performance Materials Inc. (NEO-T) has wound up its strategic review process which was initiated in June 2024. Its board has decided to continue focusing on becoming a global supplier of rare earth magnets and critical minerals. 

U.S. tax bill would gut Biden-era clean energy tax credits

The multitrillion-dollar tax breaks package passed by U.S. House Republicans early Thursday would gut clean energy tax credits that Democrats approved three years ago, while supporting increased mining, drilling and other traditional energy production.

Is your neighbourhood contaminated with PFAS?

Invisible, toxic and slow to break down — per- and polyfluoroalkyl substances (PFAS), also known as forever chemicals, are contaminating our food and water. Here’s what we know about forever chemical hotspots in Canada.

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