Tesla planning additional gigafactories

By CK Staff
Up to three new factory announcements expected in the year ahead

American automaker Tesla is making plans for an additional two or three more factories in the years ahead.

“Later this year we expect to finalize locations for Gigafactories 3, 4 and possibly 5,” CEO Elon Musk and CFO Jason Wheeler explained in a February note to investors. The new facilities are likely to be geared towards supporting Tesla’s highly anticipated Model 3 electric car, scheduled to begin production in July.

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Heroes & zeros: Unilever and Korindo

By CK Staff
Unilever embraces ingredient transparency, while Korindo is caught up in an environmental scandal.

Hero: Unilever

Anglo-Dutch consumer goods company Unilever announced a new transparency initiative in February intended to provide a detailed breakdown of all ingredients in each of its personal care products. Product lines include household names like Lever 2000 and Dove.

[caption id="attachment_14014" align="alignleft" width="300"]unilie1 Illustrations by Ben Tardif[/caption]

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Carbon sinking

World’s biggest tropical peatland found in Congolese basin

On the border of the Republic of the Congo and the Democratic Republic of the Congo lies the largest tropical peatland in the world, according to new field research completed by a U.K.-Congolese research team.

[caption id="attachment_14001" align="alignright" width="300"]mappeat1 The peatlands lie on either side of the Congo River, spanning an area more than 500 kilometres across.[/caption]

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The Future 40 turns four

Shifting the spotlight to medium-sized corporate sustainability leaders across Canada

On March 2, the Bank of Canada became the latest central bank to weigh in on the monumental impact that climate change will have on humanity’s economic future. At a speech to the Finance and Sustainability Initiative in Montreal, deputy governor Timothy Lane laid out a series of challenges and opportunities that lie ahead for Canada.

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Irish take big step towards divestment

By CK Staff
Ireland set to ban sovereign wealth fund from investing in fossil fuels

A bill requiring Ireland’s €8 billion sovereign wealth fund to divest itself of all coal, oil and gas holdings moved one step closer to ratification after passing a second stage reading in the Irish lower house of parliament in January.

Irish lawmakers voted 90-53 in favour of moving the legislation forward, with all but the largest party, Fine Gael, supporting the bill. Brought by independent representative Thomas Pringle, the bill would require the Ireland Strategic Investment Fund (ISIF) to sell off all investments in fossil fuel industries over the next five years. ISIF’s mandate already includes a strong commitment to sustainability and transitioning to a low-carbon economy, but a 2015 study identified €100 million in legacy fossil fuel assets still held by the fund. The bill will now be reviewed by the financial committee, but is expected to emerge through that process without major changes.

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