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Vancity investment bank financing projects that lead to 2040 net-zero goal

1 week ago

Vancity financing projects that lead to 2040 net-zero goal

Financing clean energy projects and green retrofits are the incremental steps paving the path to Vancity Community Investment Bank's net-zero aspiration, vice president Jennifer Hutcheon told Sustainable Biz Canada.

Cda. could benefit from climate-driven shift to deglobalization

The shift toward deglobalization is partially influenced by environmental considerations, and Canada can profit from the transition to greener, cleaner, friendlier economies, according to an executive at Mackenzie Investments.

Taiga Motors sells to British electric boat entrepreneur

Taiga Motors Corp. (TAIG-T) says the Superior Court of Québec has approved its sale to a British electric boat entrepreneur. The Montreal-based maker of electric snowmobiles and watercraft says it will be purchased by Stewart Wilkinson.

Hyundai Canada partners with Lithion for EV battery recycling

Hyundai Canada has appointed Quebec-based Lithion Technologies as its primary partner for the collection of electric vehicle (EV) batteries and modules for recycling.   Lithion will support Hyundai and Genesis dealers and distributors in managing the life cycle of EV batteries.

Toyota’s hybrid bet paying off in Canada

Over the past decade or so, Toyota has mainly focused on hybrids instead of battery EVs, arguing that even though hybrids produce some tailpipe emissions, they are a better way to reduce emissions overall since more people can afford them.

GM China’s EV, hybrid sales top gasoline cars for first time

General Motors Co. (GM-N) sold more EVs and plug-in hybrids than conventional gasoline cars in China for the first time last quarter, though the milestone comes as total deliveries continue to fall.  

Uber needs some help to pull off its climate goals

Uber (UBER-N) embarked on a challenge four years ago to transform itself into a fully zero-emission platform by 2040. To help reach this goal, it recently partnered with BYD to get 100,000 of the Chinese company’s cars onto its platform.

Northvolt in talks for $218M in short-term funding

Northvolt is in talks with investors and lenders to secure about US$218 million in short-term funding, three sources familiar with the matter said, as the Swedish maker of EV batteries seeks to stabilize its finances.

‘In order to have clean energy, we need good energy’

Young and distinguished Indigenous leaders, representing almost every region of Canada, were summoned to Inuit territory last week, where the warming Arctic threatens the Inuit way of life. It’s also where a key to transforming the future might exist.

Toronto, Montreal are cracking down on fossil fuel ads

Canada's two largest cities have both taken steps to limit advertising for oil and gas on their subways, buses and streetcars. Toronto city council is also considering a motion to restrict fossil fuel advertising on city property.

Green hydrogen far costlier than estimated: Harvard scientists

The actual cost of using green hydrogen, touted as a future low-carbon solution, is at risk of being higher than projected, according to a new study by Harvard University researchers. That would limit its utility to effectively replace fossil fuels.

Canada’s 2025 Clean50 list released

The Clean50 award recognizes leaders from across Canada who have done the most to advance climate action and develop climate solutions. This year's recipients include Exro Technologies CEO Sue Ozdemir and IKEA Canada CEO and chief sustainability officer Selwyn Crittendon.

Why is home solar generation limited to personal use in Alta.?

Thanks to decreasing costs and accessible grant programs, the number of Albertans with home solar panels has grown exponentially. New customers often wonder if they can max out their home and become a net supplier of electricity.

World could triple renewable energy by decade’s end

Renewables are growing at a blistering pace, offering hope the COP28 target to triple renewable energy capacity by 2030 is still within reach, according to the International Energy Agency’s annual report on renewables.

Solar-powered desalination system requires no extra batteries

MIT engineers have built a new desalination system that runs with the rhythms of the sun. The solar-powered system removes salt from water at a pace that closely follows changes in solar energy.

China faces the limits of its solar supremacy

Massive investment has allowed China to dominate the global solar energy market. However, this lead is now translating into major economic challenges amid overproduction, trade wars with Europe and the U.S., and internal tensions.

U.K. rolls out funding for projects to store renewable power

The U.K. government is launching a new funding program to unlock investment in long-duration storage, a key part of its drive to optimize the expansion of renewable energy. Under the program, energy storage developers will be guaranteed minimum revenues.

Carbon credits' future role in institutional portfolios

The use of carbon credits in net-zero strategies has received a fair share of criticism, but as more institutional investors incorporate nature into their portfolios, could carbon credits become integral to institutional net-zero strategies?

Double-punch storms thrust climate into U.S. presidential race

Back-to-back catastrophic strikes by Hurricanes Helene and Milton in the southeastern U.S. are reshaping the presidential race, putting climate disasters front and center in the final stretch of Vice President Kamala Harris and former president Donald Trump’s dueling campaigns.

Plastic waste as currency on the shores of the Pacific

In Buenaventura, Colombia, children receive coins in exchange for plastic waste they collect from tourist-filled beaches. The coins are then used to purchase items like clothes, school supplies, toys, books or popcorn to eat while watching movies.

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