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The Canadian Sustainable Jobs Act Becomes Law

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OTTAWA, ON, June 20, 2024 /CNW/ – As countries around the world race to seize the economic opportunities associated with the global energy transition, the Government of Canada is taking historic action to ensure that Canadian workers and industries win, with the creation of sustainable jobs across regions and sectors. That is why the Government of Canada is investing to ensure workers have the necessary skills and tools to seize this opportunity and build the industries of the future, today.

Today, Bill C-50, the Canadian Sustainable Jobs Act, received Royal Assent. This legislation will foster the creation of sustainable jobs, support industries and communities in every region across Canada, and help the workforce gain the necessary skills, training and tools to fill these new job opportunities. This is a historic step toward ensuring that Canadian workers are at the centre of Canada’s Sustainable Jobs Actions Plans, as global investment flows toward low-carbon economic opportunities in Canadian industries.

The federal government will support and provide leadership on effective action focused on preparing the Canadian workforce for jobs of the future, while seizing the abundant economic opportunities before us today. The Act supports the government in advancing the 10 key measures under Canada’s interim Sustainable Jobs Plan released in February 2023 and will ensure ongoing action to create sustainable jobs for generations to come.

The Canadian Sustainable Jobs Act:

Requires the development of Sustainable Jobs Action Plans, starting in 2025, to deliver concrete measures to advance these goals, while ensuring an inclusive approach is followed;Establishes Canada’s Sustainable Jobs Secretariat to ensure effective collaboration and policy coherence across federal entities;Establishes the Sustainable Jobs Partnership Council so representatives of Indigenous organizations, labour, industry and other Canadians can engage with Canadians and provide government with advice;Works in tandem with the Canadian Net-Zero Emissions Accountability Act (CNZEAA) to ensure further accountability and consideration of the labour implications of emissions targets when developing Action Plans; andCommits the Government of Canada to regular progress reporting, ensuring Canadians can grade the performance of this government and future governments in this space.

Canadian workers and industries are building Canada’s long-term prosperity through their leadership in sectors from clean electricity to hydrogen, critical minerals, electric vehicle manufacturing, low-carbon building materials, and beyond. With the passage of the Canadian Sustainable Jobs Act, the Government of Canada firmly commits itself to support Canadian workers in seizing these historic opportunities today, while creating a more sustainable and prosperous future for generations to come.

Quotes

“Canadian workers and industries are seizing economic opportunities as we build thriving low-carbon industries and more sustainable communities. Today, as the Canadian Sustainable Jobs Act becomes law, we are strengthening accountability while ensuring that workers have a seat at the table as Canada advances toward a prosperous net-zero future.”

The Honourable Jonathan Wilkinson
Minister of Energy and Natural Resources

“Sustainability is a key part of our government’s work to fight climate change. Royal Assent for the Canadian Sustainable Jobs Act is a great step in this journey. By equipping our workforce with programs like the Sustainable Jobs Training Fund, we are making sure that workers are ready for the jobs of today and tomorrow.”

The Honourable Randy Boissonnault
Minister of Employment, Workforce Development and Official Languages

“There are so many new jobs and new opportunities in Canadian energy. Workers want in. And they want a say in their future. The Canadian Sustainable Jobs Act gives them seats at the table that they’ve long asked for.”

The Honourable Seamus O’Regan Jr.
Minister of Labour and Seniors

“Sustainable jobs are a key piece to a strong, resilient, low-carbon economy that works for everyone. Together, the Canadian Net-Zero Emissions Accountability Act and the Canadian Sustainable Jobs Act will ensure that the federal government’s job creation and skills training efforts align with Canada’s emissions targets and efforts to reach net-zero emissions by 2050 — and that workers and communities have the support they need to build a strong, low-carbon economy. In doing so, we must ensure that everyone has a real and fair chance to succeed.”

The Honourable Steven Guilbeault
Minister of Environment and Climate Change

“An historic moment for workers in this country to finally see their national government adopt an approach that recognizes the disruptive nature of major economic transitions on them and their community. The Canadian Sustainable Jobs Act is not only about mitigating the negative effects of transitioning to net zero, and a sustainable economy for affected workers and communities, but also ensuring they can capitalize on the opportunities it presents.”

Senator Hassan Yussuff
Senate of Canada

“The Canadian Sustainable Jobs Act sets a goal of protecting and creating good, unionized net-zero aligned jobs, which will support workers, their families and their communities and ensures that workers are at the table building the plan. We applaud this legislation, which was passed because of the agreement between the government and NDP. For government to meet the ambition in the Canadian Sustainable Jobs Act, they need to invest in workers and in protecting and creating sustainable jobs.”

Bea Bruske
President, Canadian Labour Congress

“Bill C-50 addresses many of our union’s key recommendations by defining a sustainable job as including trade union representation as well as a collective agreement, and includes fair income, job security, social protection, and social dialogue.”

Lana Payne
National President, Unifor

“Our members are concerned that the transition away from the carbon economy could mean they may have difficulty finding work. What this legislation does is put workers voices at the decision-making table as we navigate the transition to a cleaner, greener economy. Our members are already at work building that clean economy, from EV battery plants to wind, solar, hydroelectric and nuclear — we’re already building it green. This legislation will help ensure that no skilled trades worker is left behind.”

Sean Strickland
Executive Director, Canadian Building Trades Union

 “With the adoption of the Canadian Sustainable Jobs Act, Canada is making meaningful progress in preparing for the global economic transformation already underway. This legislation will ensure proactive planning for what is to come and that Canadian workers and communities have a seat at the decision-making table as our economy grows and diversifies. Today’s announcement must be followed up with swift and effective implementation — but for now let us celebrate this hard-fought win for labour unions, environmental groups and youth!”

Caroline Brouillette
Executive Director, Climate Action Network Canada

Quick Facts

Canada’s interim Sustainable Jobs Plan is backed by significant federal investments, including through:The Sustainable Jobs Training Fund (SJTF), which is investing over $99 million to help workers upgrade their skills and gain new skills for jobs in the low-carbon economy.Historic Clean Economy Investment Tax Credits (ITCs) in areas including in clean technology, electricity, carbon management, hydrogen, and beyond. The full value of f these credits is only accessible to those that meet certain labour requirements, including to pay workers prevailing wages and create apprenticeship opportunities. The ITCs are helping to spur the creation of good-paying, sustainable jobs across regions and sectors.Around the world, Canadian leadership in sustainable job creation is being recognized:Canada’s leadership in advancing sustainable jobs for workers was recognized in the 2024 Ministerial Communique of the International Energy Agency, following Minister Wilkinson’s high-level dialogue on people-centered transitions.The Royal Bank of Canada estimates that building a net-zero-emissions economy could create up to 400,000 new jobs in Canada by the end of this decade alone.The World Energy Employment 2023 report states that rising demand for skilled labour will be one of the primary challenges the energy sector faces in the coming decade. According to the report, the clean energy workforce is now larger than the fossil fuel workforce worldwide.

Related Information

Canadian Sustainable Jobs ActBackgrounder: Canadian Sustainable Jobs ActSustainable Jobs

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SOURCE Natural Resources Canada

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Wise introduces first-of-its-kind multi-currency Interest feature in Canada

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Wise customers can now opt in to earn market-leading returns on CAD, USD, EUR and GBP from the convenience of one multi-currency accountCustomers opted in can continue to send, spend and convert funds while earning a return, with no penalties or minimum balance requirements

TORONTO, May 4, 2026 /CNW/ – Wise, the global technology company building the best way to move and manage the world’s money, today announced the launch of its new Interest feature for people and businesses in Canada. Wise is the first provider in Canada to enable customers to earn a return on balances held across multiple currencies within one consolidated account.

Millions of Canadians send international payments each year, with outbound remittances and cross-border commercial activity steadily increasing, according to public data from Payments Canada. However, options for holding and growing money across multiple currencies have historically required opening separate accounts with financial providers in each currency. These accounts often come with minimum balance thresholds and promotional rates that get more expensive over time. Wise Interest removes these barriers for Canadians.

Eligible customers can now opt into the new Interest feature to earn a market-leading return on balances held in CAD, USD, EUR and GBP from the convenience of their Wise multi-currency account. Once opted in, customers can continue to hold, spend, send and convert their money internationally from their balances with no penalties or minimum balance requirements.

Key features of the new feature include:

Earn market-leading returns across currencies: Opt in to Interest and earn 2.22% in CAD, 3.14% in USD,  0.8% in EUR and 2.21% in GBP from the convenience of the Wise multi-currency account*Instant access to your funds: Continue to hold, spend, send funds internationally with no minimum balance requirements or lock-up periodsSimple opt-in: Activate the feature in just a few taps within the Wise app

Vinay Nilakantan, Head of Product for North America at Wise, said: “Earning a return on your money across currencies shouldn’t require opening and managing multiple accounts or giving up access to your funds — but that’s the reality many Canadians have grown accustomed to. With Wise’s Interest feature, we’re changing that. We’re offering a more flexible way for our customers to make their money work harder across currencies, combining market-leading returns with the ability to use funds instantly, all in one convenient account.”

This launch builds on Wise’s growing momentum in Canada, where its active customer base grew by more than 30% in FY25. As Wise continues to scale in the market, it is investing in local infrastructure to better serve its growing customer base. Wise became a member of Payments Canada earlier this year, making it eligible to apply for direct participation in Canada’s national payment systems, including ACSS, Lynx and the forthcoming Real-Time Rail. Over time, this direct access to local payment infrastructure would enable Wise to move money faster and reduce costs further for Canadians and people sending to and from Canada.

*To find out more about Wise’s Interest feature in Canada, please visit http://www.wise.com/ca/interest

About Wise

Wise is a global technology company, building the best way to move and manage the world’s money. With Wise Account and Wise Business, people and businesses can hold 40 currencies, move money between countries and spend money abroad. Large companies and banks use Wise technology too; an entirely new network for the world’s money. Launched in 2011, Wise is one of the world’s fastest growing, profitable tech companies.

In fiscal year 2025, Wise supported around 15.6 million people and businesses, processing over $185 billion USD in cross-border transactions and saving customers around $2.6 billion USD.

Media Contact: Samantha Krupa‑Carbone, skrupa-carbone@national.ca

SOURCE WISE

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Ecobat Completes Sale of Germany & Austria Operations to Clarios, Marking Exit from European Lead Market

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DALLAS, May 4, 2026 /PRNewswire/ — Ecobat, a global leader in battery recycling, today announced the successful completion of the sale of its battery recycling and specialty lead operations in Germany and Austria to Clarios, a global leader in advanced energy storage solutions. The transaction encompasses Ecobat’s facilities in Freiberg and Braubach, Germany, as well as the Arnoldstein operation in Austria.

This sale, together with previously completed divestitures in France, Italy, and the United Kingdom, marks Ecobat’s exit from the European lead market and the completion of a multi-transaction repositioning of its Resources division.

“The sale of our Germany and Austria operations is a defining milestone for Ecobat,” said Tom Slabe, President and Chief Executive Officer of Ecobat. “With our European lead footprint now fully transitioned to new ownership, Ecobat is positioned as a focused North American platform. We will continue to pursue opportunities to maximize value for shareholders as we build on that foundation.”

Mr. Slabe added, “Clarios’ expertise and strategic vision offer a strong foundation for the continued success of these operations in Germany and Austria. We’re confident they will continue to foster and enhance the valued relationships we have built with our employees, customers, and suppliers across Europe.”

Rothschild & Co acted as financial advisor and White & Case as legal advisor to Ecobat on the transaction.

About Ecobat

Ecobat is the world’s largest recycler of batteries with global operations. The company delivers innovative solutions for battery recycling, resource recovery and energy storage by responsibly managing valuable materials essential to modern life.

About Clarios

Clarios is the global leader in advanced, low-voltage battery technologies for mobility and owner of the brand VARTA in the automotive sector. Our batteries and smart solutions power nearly every type of vehicle and are found in 1 of 3 cars on the road today. With around 18,000 employees in over 100 countries, we bring deep expertise to our Aftermarket and OEM partners, and reliability, safety and comfort to everyday lives. We answer to the planet with a rigorous sustainability focus – advancing best-in-class sustainability practices and advocating for them across our industry. We work to ensure 100% of our products sold are recyclable, and we recycle 8,000 batteries an hour in our network.

For Media Inquiries:

Elizabeth Tuma

Ecobat

Press@Ecobat.com

1-888-317-4687 ext. 703

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SOURCE Ecobat

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Hyperscale Data to Launch 20-Week Business Spotlight Series to Highlight the Scale, Scope and Value of Its Operations

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Company Plans Weekly Monday Releases to Help Investors Better Understand Businesses Owned Directly and Through Ault Capital Group; Management Believes Hyperscale Data’s Assets and Operating Businesses Are Not Fully Reflected in the Company’s Market Valuation

LAS VEGAS, May 4, 2026 /PRNewswire/ — Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence (“AI”) data center company anchored by Bitcoin (“Hyperscale Data” or the “Company”), today announced that it plans to launch a 20-week business spotlight series, with a new press release expected to be issued each Monday morning, highlighting the Company’s businesses, subsidiaries, assets and strategic initiatives owned directly and through its wholly owned subsidiary, Ault Capital Group, Inc. (“ACG”).

Management believes that the market does not fully appreciate the scale and breadth of the platform Hyperscale Data has built, the operations it conducts through acquisitions, internal development and ongoing investment or its resulting long-term growth opportunities. Through this 20-week series, Hyperscale Data intends to provide investors, stockholders and the broader market with enhanced transparency into its business, including its AI data center strategy, Bitcoin treasury and digital asset initiatives, robotics platform, financial services, lending operations, market platforms, defense-related businesses, energy services and other strategic assets.

The Company expects that more consistent and detailed communication may assist investors in more fully evaluating Hyperscale Data as a diversified operating platform with multiple potential growth drivers.

Management has previously indicated that it believes the Company has the potential to generate between $180 million and $200 million in annual revenue across its operating businesses for its fiscal year 2026, based on current operations and internal estimates. These expectations are forward-looking, subject to a variety of risks and uncertainties, and actual results may differ materially.

The 20-week series is expected to highlight businesses and strategic initiatives across the Hyperscale Data ecosystem, including, among others:

Infrastructure, AI, Digital Asset Platform and Robotics

Hyperscale Data’s AI data center infrastructure and strategy;The Company’s Bitcoin treasury and digital asset strategy;Sentinum, Inc. and its Bitcoin mining operations;Omnipresent Robotics, LLC and robotics and data collection opportunities;Ault Blockchain and blockchain-related initiatives; andDigital asset market-making, decentralized finance and tokenization initiatives, including through strategic investments, partnerships and other arrangements.

Financial Services and Market Platforms

ACG and its financial services platform;Ault Lending, LLC and its private credit activities;Ault Markets, Inc. and financial technology initiatives;askROI, Inc. and AI-powered software solutions; andOnlyBulls and consumer financial technology offerings.

Industrial, Energy and Defense Operations

Gresham Worldwide, Inc. and its defense and mission-critical operations;TurnOnGreen, Inc. and its design and manufacturing of power products for mission-critical applications across defense, healthcare, industrial and other sectors; andCircle 8 Crane Services, LLC and energy services.

Additional operating subsidiaries, investments and strategic assets that management believes are important to understanding the overall enterprise may also be highlighted among this series of press releases.

Milton “Todd” Ault III, Executive Chairman of Hyperscale Data, stated, “We believe Hyperscale Data is not yet fully understood by the market. Over the last several years, we have assembled a broad operating platform spanning AI data centers, Bitcoin and digital assets, robotics, financial services, lending, market platforms and defense-related businesses. Through this spotlight series, we intend to provide greater transparency into our operations and strategy, and to help investors better understand how these businesses may contribute to our long-term growth objectives as they continue to scale and integrate.”

The Company reserves the right to either issue press releases of the kind described in this announcement on Monday afternoons in the event that management believes a different kind of press release must be issued on Monday mornings or not issue them for a particular Monday at all. Further, the Company reserves the right to terminate the 20-week spotlight series in its entirety at any time.

For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

About Hyperscale Data, Inc.

Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, ACG, is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

Hyperscale Data currently expects the divestiture of ACG (the “Divestiture”) to occur in the second quarter of 2027. Upon the occurrence of the Divestiture, the Company would be an owner and operator of data centers to support high-performance computing services, as well as a holder of the digital assets. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, equipment rental services, defense/aerospace, industrial, automotive and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through Ault Lending, LLC, a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be shareholders of ACG upon the occurrence of the Divestiture.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

 

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SOURCE Hyperscale Data Inc.

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