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Recent Articles

Dow plans first net-zero petrochemical plant in Alberta

3 years ago

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Dow Chemical plans to triple the size of its Alberta facility and transition it to be the world’s first net-zero emissions petrochemical plant in a project costing upwards of $10 billion, the biggest capital investment in Alberta in 15 years.

BIZ   •   • 

Global real estate investor and operator Ivanhoé Cambridge says it will convert its corporate program of billions of dollars worth of term loans and lines of credit provided by financial partners by indexing them to its ESG performance.

BIZ   • 

The Pembina Institute has launched its Reframed Initiative to accelerate retrofits to help Canada meet its net-zero emissions target by 2050. The company has dropped energy from the deep energy retrofit labelling as one of the key components of the initiative.

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The astronomical cost of housing in Canada’s urban centres is a key driver of growing suburban sprawl. Many would-be homeowners end up driving up to three times more than urban households, expanding carbon footprints and exacerbating the housing crisis.

Canada Green Building Council

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In 2019, Vaughan declared a climate change emergency. This year southern Ontario has witnessed rainfall and heatwave records. Despite the declaration and Vaughan having its own environment master plan since 2009, environmentalists say citizens need to lobby to combat climate change.

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Environmental, social and governance litigation will soon be flooding Canada’s courts. More than 425 lawsuits seeking relief from climate change, which is but one aspect of ESG litigation, have been filed in countries including Canada, France and Britain.

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In the last year, the world’s major accounting and auditing standard setters, including the International Accounting Standards Board, have stated existing standards require that all material risks — including climate-related ones — must be addressed in the accounts.

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The Securities Exchange Commission (SEC) will likely propose disclosure requirements related to climate change before the end of 2021 or in early 2022. ESG disclosures — particularly climate change, human capital and diversity disclosure — are among the most prominent, sensitive disclosures companies make.

Yardi Pulse

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Koch Strategic Platforms — a subsidiary of U.S. industrial conglomerate, Koch Industries — has partnered with Mississauga-based Li-Cycle Holdings Corp., purchasing a US$100 million five-year convertible note. The Canadian company collects lithium-ion battery scrap to convert into feedstock for electric vehicle batteries.

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One of the world’s top electric-vehicle battery makers has struck a supply deal with Vancouver’s Sigma Lithium Corp. South Korea’s LG Energy Solution agreed to buy up to 100,000 tons a year of battery-grade lithium as part of a six-year agreement.

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Daimler Truck and Volvo Group have partnered to create a new venture in the hydrogen fuel cell industry – cellcentric. The joint venture aims to cut the cost of hydrogen fuel cells and make them commercially viable.

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Aviation is responsible for about two per cent of global emissions; however, it is also a force for good — moving people around the planet, delivering vaccines and getting critical supplies to Canada’s North. It just needs to be done sustainably.

Anchor Corporation

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More companies aren’t incorporating microgrids into their climate disaster plans because they don’t know what microgrids are. That’s one of the findings from Schneider Electric‘s research, revealing how organizations are transforming their business models in response to climate change.

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Star Refrigeration is releasing an app to help temperature-controlled storage facilities compare their energy use across the industry to help them find their most efficient use of power. The UK company’s app can track refrigeration plants’ energy consumption and cost.

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Nova Scotia must keep energy savings at the top of its priority list and push to eliminate fossil fuel combustion to build a net-zero economy, concludes an assessment released by EfficiencyOne, the non-profit that runs the province’s energy efficiency programs.

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Investors need more sight of how mining groups in Canada are working with the country’s 600 indigenous communities, which are an important source of labour to the industry with many mines and projects located on traditional lands.

Energy Profiles

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Canada is on pace to fall short of its emissions goals, according to a new government-funded report that says the country’s current strategies will reduce its greenhouse gas output by only 16 per cent, relative to 2005 levels, by 2030.

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Rich countries are racing to close a climate-finance shortfall of at least $10 billion, with a handful of European nations planning to increase their pledges this month ahead of crucial talks in Glasgow, Scotland.

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Multibillion-euro lawsuits from fossil fuel investors is putting the Paris agreement on climate change at risk. Compensation claims from a pact allowing companies to sue countries over policies that affect their investments could amount to more than a trillion euros.

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Much of the world is unprepared for the floods, hurricanes and droughts expected to worsen with climate change, and needs better warning systems to avert water-related disasters, according to a UN report, which found global water management is “inadequate.”

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City councillors in Vancouver have narrowly rejected a proposal for citywide parking permits and a levy on certain vehicles, with Mayor Kennedy Stewart questioning the fairness of the plan and casting the tie-breaking vote.

Industry Events

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