Sustainability

The storied North American automotive industry, the ultimate showcase of Canada's high-tensile trade ties with the United States, is about to navigate a dramatic hairpin turn.

Alimentation Couche-Tard Inc.

Carbon emission projects to start amid significant austeritySuncor Energy Inc.

The cancellation of the Keystone XL oil export pipeline has resulted in a second oilsands company posting a multimillion-dollar impairment charge in its fourth quarter earnings report.

Company sees no room for fossil fuels in cars and light trucks beyond 2035 General Motors is the latest among major automakers to announce they will cease production of petroleum burning vehicles.

PepsiCo and Beyond Meat are creating a joint venture to develop snacks and drinks made from plant-based proteins.

Oil and gas giant Shell is buying ubitricity, a major provider of electric vehicle charging points in Europe.Shell said Monday that it would buy a 100% stake in the Berlin-based startup, without disclosing the price."The move represents a further step in Shell's efforts to support drivers as they switch to lower-carbon transport,'' the company said.The deal, which is subject to regulatory approval, will give Shell ownership of the biggest public EV charging network in Britain with more than 2,700 charge points.Ubitricity also has smaller public networks in Germany and France, and has installed over 1,500 charge points for fleet customers across Europe.The company's focus has been to integrate charge points into existing street infrastructure such as lamp posts, to reduce the cost of laying new power lines down streets.Experts say easier access to charging facilities is key to the successful rollout of electric vehicles.Shell has said it wants to achieve net zero emissions by 2050 or sooner. 

The market for battery-powered delivery vehicles and equipment has so much potential that General Motors is forming a new business unit to serve it, a move that lifted the automaker's stock to a multiyear high.