environmental-investments

Competition Bureau investigating Lululemon over greenwashing allegations

by

Canada’s Competition Bureau has opened a formal investigation into Lululemon’s environmental claims in its marketing campaigns, a spokesperson for the agency told CBC News on Monday. Marianne Blondin confirmed in an email that the Competition Bureau “has commenced an investigation under the Competition Act into the alleged deceptive marketing practices.” “There is no conclusion of wrongdoing at this time,” she wrote. “As the Bureau is … Read more

U.S. eases vehicle emissions rules, but overall reduction targets remain unchanged

by

The Biden administration on Wednesday slashed its target for U.S. electric vehicle adoption from 67 per cent by 2032 to as little as 35 per cent after industry and autoworker backlash in the political battleground state of Michigan. The Environmental Protection Agency (EPA) instead adopted a “technology neutral” regulatory scheme that allows automakers far more freedom … Read more

Big Canadian banks may be making misleading claims on sustainability, says securities complaint

by

Canada’s big five banks are potentially misleading investors with their use of terms like sustainable finance, according to a complaint to securities regulators by a climate advocacy group. Banks are using the term “sustainable finance” too broadly and not backing up the claims with data, Investors for Paris Compliance said in its submission Tuesday to … Read more

Who benefits most from Canada’s ambitious EV targets? Maybe China

by

Flavio Volpe, head of the Automotive Parts Manufacturers’ Association, believes the recent electric vehicle targets set out by Canada’s environment minister also carried this pointed message to Canada’s domestic auto industry: “Let them eat cake.” Volpe says he has come to this conclusion because he believes those goals, which include a national target of 100 per cent zero-emission vehicle sales by 2035, cannot be … Read more

The environmental costs of EV batteries that politicians don’t tend to talk about

by

Along with the massive recent manufacturing investments in electric vehicle (EV) technology and talks of a greener, decarbonized future, there are some not-so-green problems.  In its latest New Energy Finance report, Bloomberg News predicts there will be some 730 million EVs on the road by 2040. The year before, Bloomberg predicted half of all U.S. vehicle sales would be battery electric by 2030.  … Read more