Toronto-based lithium battery recycling firm Li-Cycle said on Wednesday that it has filed for bankruptcy protection in Canada and expects to start a formal sale for its business or assets.
The firm’s U.S. units have also commenced proceedings in the U.S. Bankruptcy Court for the Southern District of New York.
Li-Cycle has entered into a $10.5-million debtor-in-possession financing and a stalking horse credit bid for at least $40-million with London-listed Glencore, its largest secured creditor.
In 2023, Germany shuttered its last nuclear plant, and in 2024, wind energy became the nation’s largest single source of electricity, supplying 31.9%. But now it’s 2025, and as the staff at Remix News reported yesterday, “Germany’s wind lull is slamming electricity production” and creating losses in the millions.
Honda’s decision to delay its $15-billion Electric Vehicle project in Alliston, Ontario for two years is a reminder of the enormous financial stake federal and provincial governments have made in EVs, committing to larger taxpayer-funded incentives than the industry is investing in itself.
The Parliamentary press gallery is all aglow over Mark Carney’s new cabinet. It’s so much smaller than Justin Trudeau’s last cabinet, they beam. And its full of so many rookies. Surely that proves Carney intends a clean break with the Trudeau past.
24hr after Steven Guilbeault becomes a cabinet minister he SAYS NO PIPELINES
NO one wants to invest in them
we are at PEAK oil consumption. NO need for oil in future.
Meanwhile: $1 trillion gas deal
pic.twitter.com/o9Jt122qZL— Marc Nixon (@MarcNixon24) May 14, 2025
OTTAWA — Alberta Premier Danielle Smith didn’t hide her dismay at Prime Minister Mark Carney’s choice of Toronto-area MP Julie Dabrusin as his new environment minister on Tuesday.
“I am very concerned the prime minister has appointed what appears to be yet another anti-oil and gas environment minister,” said Smith in a statement on Carney’s cabinet picks.
h/t DS
Car use and meat consumption drive emissions gender gap, research suggests
Cars and meat are major factors driving a gender gap in greenhouse gas emissions, new research suggests.
Men emit 26% more planet-heating pollution than women from transport and food, according to a preprint study of 15,000 people in France. The gap shrinks to 18% after controlling for socioeconomic factors such as income and education.
Eating red meat and driving cars explain almost all of the 6.5-9.5% difference in pollution that remains after also accounting for men eating more calories and travelling longer distances, the researchers said. They found no gender gap from flying.
We must face an uncomfortable truth: Canada’s automotive and EV manufacturing strategy, touted as a generational opportunity to drive economic growth, jobs and environmental leadership, has failed quickly and dramatically.
The federal and Quebec governments made a bad $4.6-billion dollar bet on Northvolt, a Swedish EV battery manufacturer, which has entered bankruptcy less than two years since a $7-billion investment announcement. The $270-million invested by Quebec in Northvolt’s parent company in Sweden is now “lost,” confirmed the provincial government in March.
“The “climate change” movement is huge business; the billionaires pushing this scrofulous narrative have it all figured out. They have been investing in plant-based fake meat foodstuffs to reap the profits once the war on farmers has been won… If these highly processed foods are not healthy, too bad. The earnings will line the WEF elites’ pockets.”
The bankruptcy of a Volkswagen partner in electric vehicle battery production will not threaten the automaker’s St. Thomas investment, industry experts say.
The development does, however, demonstrate increasing volatility in the EV sector during this high-tariff automotive environment, and the $7-billion PowerCo EV battery plant in Southwestern Ontario may face future delays, they said.
h/t Mauser
Japan’s Honda Motor Co. forecast a 59 per cent profit decrease in the current financial year and said it would put on hold a plan to build an EV supply chain in Canada, amid the uncertainty stemming from U.S. President Donald Trump’s tariffs.
Honda’s forecast is the latest signal of the difficulty car makers are having navigating Trump’s tariffs on foreign-made automobiles at the same time the industry is being hit by the rise of Chinese EV producers.
Staying late in the shop that night cost Jean-Claude Amani his leg – but it may have saved his life. Then again, had he closed up a little sooner, maybe none of it would have happened at all.
It was about an hour after dusk, the end of the first working week of last month. The rain that had fallen earlier was clearing, although lightning still occasionally illuminated the outline of Mount Nyiragongo, the smouldering volcano that has long imperilled the millions living near its foothills in the east of the Democratic Republic of the Congo.
Let’s get something straight off the top: I’m not suggesting we abandon our climate goals — we need to adjust them. Adjust. That’s the key word, because right now, across all levels of government in Canada, we are charging ahead with unrealistic climate policies that don’t line up with economic reality or practical science. And if we don’t course-correct soon, we’ll keep driving investment and opportunity out of this country.
Ask families in Germany and the UK what happens when more and more supposedly “cheap” solar and wind power is added to the national power mix, and they can tell you by looking at their utility bills: It gets far more expensive.
The idea that power should get cheaper as we get more green energy is only true if we exclusively used electricity when the sun is shining and the wind is blowing.
At the precise moment that Canada was handing electoral victory to one of the world’s most vocal boosters of green energy, 60 million Europeans were plunged into a catastrophic blackout caused in part by green technology.
And in Alberta, at least, last week’s blackout in Spain and Portugal is being cited as a preview of coming attractions if the green visions of Prime Minister Mark Carney come to pass. “Albertans would be left to freeze in the dark,” said Alberta Premier Danielle Smith.
On April 28, the conjoined power grids of Spain and Portugal plunged into complete shutdown, leaving both nations without electrical power for 10 hours. Grid operators were ultimately forced to reboot the system from a cold start; the “nightmare scenario” according to an analysis out of University College Dublin .
As Prime Minister Mark Carney is set to meet with U.S. President Donald Trump on Tuesday, the federal government has its work cut out for it following a tumultuous few months in domestic politics — not just on the tariff front with the U.S., but also with the world’s second-largest economy.
In the fall, Canada followed in the footsteps of then-U.S. president Joe Biden in implementing an additional 100 per cent surtax on Chinese-made electric vehicles — a move critics say makes less sense now considering the fractured relationship with our southern neighbours, our climate goals and China’s counter-tariffs on Canadian canola farmers.
China is Happy, Carney is Happy, Carney’s Cronies are Happy, Canada’s China Class is Happy, Net Zero Loons are Happy and Danielle Smith is Canola Happy!
Orange Man Bad.
