Focus on Business
Four of Canada’s biggest banks leave climate alliance
The Net-Zero Banking Alliance aims to accelerate climate action among financial institutions.
EV startup Canoo files for bankruptcy, to cease operations
The EV startup has been facing rapid cash burn and a struggle to secure funding amid uncertain demand.
Biden boosts loan for ioneer’s Nevada lithium mine to nearly $1 billion
The U.S. DOE finalized a $996M loan for ioneer’s Rhyolite Ridge lithium project, boosting domestic EV battery material supply.
BMO becomes first Canadian bank to withdraw from Net-Zero Banking Alliance
BMO becomes the first Canadian bank to exit the NZBA, following similar moves by major U.S. lenders under political pressure.
US clean energy tax subsidies to cost $825 billion over 10 years, CBO says
U.S. clean energy subsidies under Biden's Inflation Reduction Act to raise deficits by $825B over the next decade, CBO says.
Carmakers at India auto show unveil charging network plans, new EVs
India’s auto giants Maruti, Tata, and Hyundai unveiled plans at the New Delhi Auto Show to expand EV charging networks nationwide.
Federal Reserve withdraws from global regulatory climate change group
The Federal Reserve exits global climate risk group NGFS, citing its scope as beyond the Fed's statutory mandate.
Portugal keen to create offshore wind cluster, could reach 10 gigawatts
Portugal advances offshore wind plans with a 10 GW goal, approving four ocean zones for upcoming renewable energy auctions.
Biden protects 84% of IRA clean energy grants from being clawed back
Biden secures 84 per cent of $96.7B in clean energy grants under the IRA, shielding funds from Trump's planned clawbacks.
Procter & Gamble accused of ‘greenwashing’ in Charmin toilet paper, lawsuit says
Procter & Gamble faces lawsuit over alleged greenwashing in Charmin toilet paper sourcing from Canada's boreal forest.
