Canada’s largest bank said it will reduce emissions intensity from oil and gas financing between 11 and 35 per cent by 2030. It plans to reduce emissions intensity from power generation and the automotive sector by 54 per cent and 47 per cent, respectively. Emissions intensity reflects the amount of CO2 a borrower produces per unit of energy; not its overall emissions. (The Logic)
The Quebec telco will need to keep Freedom’s wireless licences for at least 10 years and offer cellphone service across Canada at the comparatively low prices it offers in Quebec, Innovation Minister François-Philippe Champagne said late Tuesday. No problem, Videotron’s Pierre Karl Péladeau promptly replied. (The Logic)
The philanthropic venture founded by Eric Schmidt and his wife Wendy announced that the US$148 million will fund 160 postdoctoral fellows at nine universities every year. The first cohort includes the University of Toronto and other schools in the U.S., U.K. and Singapore. (The Logic)
The pension fund, which manages $25 billion in assets for the OPSEU Pension Plan’s 100,000 members, said its portfolio will achieve net-zero emissions by 2050 “to manage the risks and seize the opportunities of a transitioning global economy.” It’s the eighth pension fund manager to set a net-zero target. (The Logic)
The Calgary-based gas station and fuel company said the deal with California-based FreeWire’s will speed up the rollout of EV chargers, mostly at its On the Run convenience stores and Triple O’s restaurants. The companies didn’t disclose the terms of the deal. (The Logic)
A package of land-use reforms proposed by the Progressive Conservative government includes allowing three units on every residential lot, slashing development charges, forbidding community groups to appeal municipal planning decisions and assigning construction targets to 29 municipalities, including in the Golden Horseshoe and Ottawa. (The Logic)
The telecom said Bell Ventures will invest in early-stage and growth companies that are developing technology solutions that could help differentiate its 5G and fibre networks. (The Logic)
Dean Skurka, previously head of exchanges at the Vancouver-based crypto company, has been named president and interim CEO. (The Logic)
Zordel’s resignation comes just seven months after she was appointed as the first chair under the regulator’s modernized structure, which separates the enforcement tribunal from the board. (The Globe and Mail)
The federal agency is supporting preparation work for Canada’s first commercial small modular nuclear reactor, a 300-megawatt unit from GE Hitachi to be installed on the grounds of Ontario Power Generation’s existing Darlington nuclear station east of Toronto. The goal is for it to generate power for the provincial grid by 2028. (The Logic)