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Aduro Clean Technologies files plans for IPO on NYSE American

1 month ago

Aduro files plans for IPO on NYSE American

Aduro Clean Technologies Inc. (ACT-CN) has filed a registration with the U.S. Securities and Exchange Commission for a possible initial public offering (IPO) on the New York Stock Exchange (NYSE) American.

E3 lays out plan to operate lithium brine site by 2027

Lithium brine developer E3 Lithium Ltd. (ETL-X) hopes to start operations at its Clearwater project in Alberta by the second half of 2027, according to a webinar breaking down the project's pre-feasibility study.

Cipher Neutron takes on 2 key barriers to green hydrogen

Gurjant Randhawa, the president and CEO of Toronto-based electrolyzer developer and manufacturer Cipher Neutron, intends to tackle two problems he sees as critical barriers to the process of making clean hydrogen fuel from water.

Canada’s ESG fund flows negative in Q2: Morningstar

Sustainable funds in Canada saw their highest quarterly net outflow of $1.4 billion US in Q2, but most of that total came from a single fund, the BMO MSCI USA ESG Leaders Index ETF (ESGY-T), Morningstar reported.

Volt Lithium scales up DLE production capacity

Volt Lithium (VLT-X) has achieved a milestone in its journey to commercialize its direct lithium extraction (DLE) technology. The company has scaled up its production capacity to 96,000 litres per day, representing a 100-fold increase in its processing capabilities. 

PyroGenesis changes name of subsidiary Drosrite

Montreal-based PyroGenesis Canada Inc. (PYR-T), a firm that uses plasma for environmentally friendly applications, says its U.S.-based subsidiary Drosrite International will henceforth be named PyroGenesis International. PyroGenesis purchased 100 per cent of Drosrite on July 8.

Nine B.C. cleantech firms to share $7.6M in grants

Nine B.C. cleantech companies are getting $7.6 million in grant funding from the B.C. Centre for Innovation and Clean Energy to help fast-track the companies’ technology development, commercialization and adoption.

P.E.I. sees 'exponential growth' in solar energy production

Two large-scale solar farms, Summerside's Sunbank and the Slemon Park Microgrid, have come fully online since the beginning of the year, and P.E.I. is suddenly producing more than twice as much solar energy as it was.

Canada seeks feedback on ‘greenwashing’ crackdown

Canada’s Competition Bureau is seeking public comments on a new law that aims to crack down on so-called greenwashing, after major players in the oil industry complained about the Trudeau government initiative.

Lithium byproducts can be used in cement production: study

Rock Tech Lithium Inc. (RCK-X) has shared the findings of a peer-reviewed study published by the German Lithium Institute. The study finds byproducts from Rock Tech's lithium conversion process can be used as precursor material in the cement industry.

You’ll save on gas in your EV, but likely pay more for repairs

Replacing an electric vehicle (EV) battery can cost between $5,000 and $20,000, depending on “the pack, size and manufacturer” of the vehicle, according to Recurrent, a website that publishes information and research on EV batteries. 

Porsche says EV transition will take 'years'

Luxury carmaker Porsche expects the transition to EVs to take longer than it thought, it said on Monday, having previously said its aim was for 80 per cent of sales to be all-electric by 2030.

JLL, IBM launch ESG data management and reporting solution

IBM (IBM-N) and real estate and investment management-focused professional services provider JLL (JLL-N) announced the launch of an ESG data management and reporting solution targeted at the commercial real estate sector, with the goal of creating more low-carbon offices.

HSBC opens new unit for low-carbon finance

Global financial services group HSBC is launching a new business unit, HSBC Infrastructure Finance, to focus on infrastructure financing and project finance advisory opportunities tied to the transition to a low-carbon economy. 

BlackRock overhauls climate voting policy

U.S. asset manager BlackRock is overhauling its voting policies for funds with climate objectives in order to tackle conflicting agendas in the U.S. and Europe. The new guidelines will apply to 83 Europe-based funds representing approximately $150 billion US.

UN rejects carbon credits as emission reduction tool

A United Nations task force is opposing the idea that companies use carbon credits and offsets outside government-regulated emissions markets to claim emissions reductions, according to a draft document seen by the Financial Times.

China greenlights massive offshore wind project for Shanghai

China’s central government has approved Shanghai’s plan to build 29 gigawatts of offshore wind capacity, as the city works to cut emissions to meet Beijing’s ambitious climate targets. China's offshore wind capacity is set to reach 129 gigawatts by 2030.

India has ramped up wind and solar energy. It now needs places to store it

India’s lithium-ion battery storage industry makes up just 0.1 per cent of global battery storage systems. But battery storage is growing fast, with around a third of India’s total battery infrastructure coming online just this year.

South Africa enshrines climate targets into law

South African President Cyril Ramaphosa has signed a landmark bill that will compel all levels of government to take climate considerations into account when setting budgets and making decisions. The bill is designed help meet ambitious emission-reduction targets by 2030.

Young people are swapping clothes to save the environment

Fast fashion is out, sustainability is in, according to research from Concordia University that finds 18- to 35-year-olds are swapping clothes "on a large scale." The research finds clothing swaps have changed from an individual activity to a collective practice.

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