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Sustainability sector retrenches, considers future after U.S. shocks

11 months ago

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Sustainability sector retrenches, rethinks after U.S. shocks

SBIZESG SBIZ

The global sustainability sector will carry on, as resistance from a new administration in the U.S. will demand a rethinking of tactics, panellists at the GLOBExCHANGE conference in Toronto said.

StormFisher receives $50M for projects for Canada, U.S.

Energy Energy Tech

Hydrogen-focused private asset investor Hy24 is committing US$50 million to startup StormFisher Hydrogen’s new project plans for North America. The funding will help StormFisher push forward on its planned facilities in Canada, Texas, Kansas and Minnesota.

T.O. adds $2B to climate programs in first carbon budget

Carbon The Energy Mix

Toronto City Council has adopted its first budget to include a carbon budget process, resulting in nearly three dozen new or enhanced climate actions intended to reduce carbon emissions by 244,615 tonnes per year once implemented.

New EVs hit the Canadian market in Q1

Transportation Electric Autonomy

As we enter 2025, new electric models are appearing in Canadian showrooms and on our roads. They include two small electric vehicles (EVs) from Volvo and Mini, an in-betweener SUV from Audi, and Cadillac’s hulking new Escalade IQ.

Lion Electric struggled to deliver big promises

Transportation Canadian Press SBIZ

Lion Electric, once hailed as a success story in the EV transition, has struggled to deliver on many of its most ambitious plans. Many of the company’s individual investors allege they were misled by the picture the company painted.

Will Quebecers still buy EVs if they have to pay full price?

Transportation CBC News

As of this month, if you buy an electric car in Quebec, you'll be paying for it entirely out of your own pocket. With fewer subsidies available, will Quebec's 2035 target of eliminating the sale of gas-powered cars happen?

Once proud Tesla fans are embarrassed by CEO Musk

Transportation Canadian Press

A Tesla (TSLA-Q) fan club in Quebec is hearing many of its members want to disassociate from the automaker's CEO Elon Musk, citing his politics. The Electric Vehicle Society expects a dip in Tesla sales because of anti-Musk sentiment.

Kelowna looking at hydrogen to decarbonize heavy-duty fleet

Transportation Castanet

The City of Kelowna is looking at ways to reduce its carbon footprint by potentially converting some heavy-duty vehicles to a dual blend of hydrogen and diesel fuel. The city plans to convert four dump trucks in its first phase.

Finland’s first green hydrogen plant starts production

Hydrogen Globe and Mail

Finnish company P2X Solutions has started commercial green hydrogen production at its facility, a first-of-a-kind in Finland and one of the first in Europe. The facility has a production capacity of 20 megawatts.

Innovators plan nonstop 9-day trip on green hydrogen plane

Transportation Associated Press

From a workshop on France’s Atlantic coast, Bertrand Piccard and partners are ramping up Climate Impulse, a project started last February to fly a hydrogen-fuelled, two-seater plane around the globe nonstop over nine days.

European EV battery startups make recycling breakthroughs

Waste Globe and Mail

Two European startups reported Thursday they hit milestones in recycling EV battery materials that will be needed to meet European regulations, reduce China’s dominance of the entire battery supply chain, and lower carbon dioxide emissions.

BYD in talks to supply carbon credits to European carmakers

Carbon Asia Financial

Chinese auto giant BYD is in talks to supply carbon credits to its European counterparts to help them offset their 2025 emissions and avoid hefty fines. BYD would form a pool with other European automakers to market surplus carbon credits.

Global clean industry investment fell sharply in 2024

Green Canary Media

Money for clean industry–related projects fell by nearly 60 per cent last year compared with 2023 — even as investment in the broader energy transition grew to a record $2.1 trillion in 2024, per BloombergNEF.

Sustainable investors flee references to climate change

ESG Bloomberg

Sustainable investors are changing their past talking points in increasing numbers. The election of Donald Trump, an avowed enemy on topics that fall under sustainable investing who has called global warming a hoax, may have sealed the deal.

JPMorgan launches climate note by ex-NOAA chief

Finance Bloomberg

The biggest U.S. bank launched a new climate communique, prompted by clients’ demand for information about the topic. Its author is Sarah Kapnick, a former chief scientist of the National Oceanic and Atmospheric Administration (NOAA).

EPA chief to seek return of $20B in clean energy grants

Energy Yahoo Finance

In a major reversal, the new head of the U.S. Environmental Protection Agency (EPA) said he will try to rescind US$20 billion in grants awarded by the Biden administration for climate and clean energy projects.

China’s coal plant boom undercuts its clean energy push

Carbon Bloomberg

China embarked last year on its biggest coal power boom in a decade, reinforcing the role of the dirtiest fossil fuel in its energy mix even as it aims to transition to renewables.

World likely to breach 1.5 C target, research finds

Global Trends Yale E360

The world is set to blow past its goal to limit warming to 1.5 degrees C, according to two new papers published in Nature Climate Change, putting the target of the Paris Agreement likely out of reach.

New Zealand a preview of retreat on climate action

Green Bloomberg

New Zealand, one of the first advanced economies to set a legally binding net-zero target, has ushered in a series of green reversals since Prime Minister Christopher Luxon’s centre-right coalition took office in late 2023.

Climate change a leading factor in skyrocketing chocolate prices

Global Trends CityNews

If your Valentine's Day chocolates are more expensive, you may want to blame global warming. A pair of recent reports are shedding light on the impact of climate change on the price of cacao.

Industry Events

ECO IMPACT 2026 Feb 19 2026 to Feb 20 2026

The Westin Calgary

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