article thumbnail

BMO exiting retail auto finance trade

Baua Electric

The Store of Montreal is exiting the retail auto finance trade, because it seems to redeploy sources to farmlands the place its “competitive positioning is strongest.” The Montreal-based lender will stop making client car loans, however proceed providing financing for sellers, BMO spokesperson Jeff Roman showed Sept.

article thumbnail

Government of Canada releases framework for ending fossil fuel subsidies

Green Car Congress

Canada is also committed to phasing out public financing of the fossil fuel sector. This refers to financing beyond the scope of the fossil fuel subsidies commitment. definition of subsidies as a reference. Canada is the only G20 country to phase out inefficient fossil fuel subsidies ahead of the 2025 deadline.

Canada 150
article thumbnail

“Project Volt Gas Volt” proposes long-term financing plan to support widespread implementation of power-to-gas systems

Green Car Congress

Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. The concept is the same embodied in Audi’s e-gas project ( earlier post ), to which the VGV proposal makes continued reference.

Volt 334
article thumbnail

Chinese steel group Tsingshan investing $375M to build lithium plant in Argentina with Eramet

Green Car Congress

interest, and will retain operational management responsibility; its partner Tsingshan is financing the plant construction in exchange for 49.9% It is a key milestone in the deployment of our strategic roadmap which aims at positioning Eramet as a reference player in metals for the energy transition. interest in the project.

Argentina 335
article thumbnail

INEOS Bio JV Closes $75M in private financing under USDA loan guarantee program for advanced BioEnergy Center in Florida

Green Car Congress

INEOS Bio announced that its joint-venture project, INEOS New Planet BioEnergy (INPB), has finalized $75 million in private financing utilizing the US Department of Agriculture (USDA) loan guarantee program for its new Indian River BioEnergy Center located in Florida. Earlier post.)

Florida 186
article thumbnail

UC Davis report urges policy actions to accelerate equitable transition to ZEVs in Global South

Green Car Congress

In the report, the Global South is an economic term that refers to low- and middle-income countries in Africa, Eastern Europe, Latin America, the Caribbean and Asia.

Davis 210
article thumbnail

Waste-plastic-to-crude company Agilyx obtains $25M Series C financing

Green Car Congress

Chrysalix Energy Venture Capital and Reference Capital. Agilyx economically converts difficult to recycle waste plastic into synthetic crude oil. Earlier post.).

Waste 210