Hydro One announces 50/50 equity partnership model with First Nations
The Ontario utility said it will offer First Nations a 50 per cent equity stake in new capital transmission line projects with a value of more than $100 million. (The Logic)
The Ontario utility said it will offer First Nations a 50 per cent equity stake in new capital transmission line projects with a value of more than $100 million. (The Logic)
The bank said in a release it is launching a carbon advisory practice that will offer various services including risk assessments of carbon assets, project acquisition advice and carbon offset portfolio structuring. TD also announced a $10-million investment into a project that aims to conserve up to 1,500 square kilometres of boreal forest in Ontario. The bank will claim its own carbon offset credits from the investment. (The Logic)
The Toronto-based platform, which allows people to invest in startups, listed its own campaign Wednesday as it aims to raise between $2.5 million and $5 million. (The Logic)
The chatbot platform is making 78 workers redundant, primarily in marketing, sales and recruitment, CEO Mike Murchison said in an internal note on Tuesday, which he also posted on LinkedIn. The firm said it is offering laid-off employees—59 of whom are based in Canada—two-and-a-half months severance, extended benefits and outplacement services. (The Logic)
The Canadian-raised investor, who was dubbed the “king” of special-purpose acquisition companies, said two of his vehicles will return their money to shareholders after failed assessments of over 100 potential targets. (The Logic)
The second-largest U.S. stock exchange will offer "custody"—that is, secure storage—of digital assets, along with other crypto services aimed at institutional clients. (The Logic)
The Paris-based International Energy Agency, International Renewable Energy Agency and the UN Climate Change High-Level Champions’ study says the “world remains far off track” to meet its environmental targets and that better collaboration will be “critical” in closing the gap. (The Logic)
The trading firm co-founded by crypto billionaire Sam Bankman-Fried will return about US$200 million worth of Bitcoin and Ether it had borrowed from Voyager, in an agreement reached as part of the TSX-listed firm’s bankruptcy proceedings. (Bloomberg)
Set to open in 2024, the 457,000-square-foot facility will serve as a hub for both the province and Atlantic Canada. It’s expected to create 225 permanent jobs after construction. The retail giant will also spend $330 million on renovating more than 80 of its stores across the country. (The Logic)
Opto Investments’s goal is to give individuals chances to buy into private-capital opportunities like the ones Mark Machin got to see as CEO of the Canada Pension Plan Investment Board, he said in a news release. With him as CEO, and Palantir co-founder Joe Lonsdale as chair, Opto has raised US$145 million in a Series A round. (The Logic)