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Federal industrial carbon pricing delivers 38 new innovative and clean technology projects across Canada

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GATINEAU, QC, March 21, 2025 /CNW/ – The Government of Canada is taking bold action to strengthen communities by addressing the impacts of climate change. Industrial carbon pricing is a foundational element of Canada’s plan to protect the environment and build a strong, competitive, and sovereign 21st-century Canadian economy.

Today, the Honourable Terry Duguid, Minister of Environment and Climate Change, announced investments of nearly $150 million from Canada’s Output-Based Pricing System (OBPS) Proceeds Fund in 38 Decarbonization Incentive Program (DIP) projects in the four provinces where the federal OBPS applied in 2019 to current. This funding will help Canadian companies and organizations deploy cutting-edge clean technologies which cut pollution, enhance energy efficiency, create jobs, and strengthen Canada’s economic footing.

Today’s investments will support a range of initiatives, such as replacing expensive oil- and gas-fired boilers with more efficient electric ones, producing cleaner and stronger Canadian fibreglass, deploying advanced carbon-management technologies, and enhancing the durability of galvanized steel sheets, all of which help drive down costs for Canadian manufacturers and consumers across the supply chain. Projects funded by the Proceeds Fund will also help unlock new opportunities and markets for made-in-Canada clean technology and innovation, strengthening the Canadian economy while reducing an estimated 544,100 tonnes of greenhouse gas pollution in the year 2030.

The federal government recognizes the leadership role that industries and workers play in driving solutions to build a more competitive economy and protect the environment. Through partnerships with workers, industries, experts, enterprises, and Indigenous leaders, industrial carbon pricing supports projects that fight climate change and strengthen our economic security.

Quotes

Canada has everything it takes to be a leader in the low-carbon economy of the 21st century. At a time when we must strategically diversify our trade relationships, industrial carbon pricing is a key driver in protecting the international competitiveness of Canadian industries, enabling access to new export markets, creating good-paying jobs, and ensuring that major industrial polluters pay their fair share in clean technology investments across Canada. These investments are a win-win-win for Canadian workers, industries, and the environment. Fundamentally, industrial carbon pricing makes Canada stronger and more competitive in a changing world.”
– The Honourable Terry Duguid, Minister of Environment and Climate Change

“Today, Canada is making significant investments that will not only strengthen our economy at a critical time but will also help protect our environment for future generations. Through the Output-Based Pricing System Proceeds Fund, this federal government is empowering Canadian companies to innovate, adopt cutting-edge technologies, improve their competitiveness and productivity, and reduce pollution. By supporting projects that drive efficiency and lower pollution, we are unlocking new economic opportunities, creating jobs, and positioning Canada as a global leader in the economy of today and tomorrow.”
– The Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources

Canada is on track for a more competitive, resilient, and sustainable future. These investments will not only fuel innovation among Canadian cleantech companies but will also create made-in-Canada opportunities that drive growth and reduce greenhouse gas emissions. By working in tandem with key sectors to deploy industrial carbon pricing, we are seizing the opportunity for Canada to lead the global transition to a low-carbon economy, strengthening our country today and in the future.”
– The Honourable Anita Anand, Minister of Innovation, Science and Industry

“The University of Toronto is the world’s most sustainable university and is a global leader in transforming its infrastructure and operations to reduce carbon emissions. The Decarbonizing Incentive Program supports the modernization of the university’s district energy system, ensuring that the energy that powers advanced research is clean and sustainable for decades to come.”
Ron Saporta, Chief Operating Officer, University of Toronto

“Funded in part through the Decarbonization Incentive Program, a new heat plant currently in the planning stages at Roseburg Forest Product’s Pembroke facility would reduce greenhouse gas emissions by switching from natural gas to forest biomass to fuel manufacturing of our high-quality, medium-density fibreboard (MDF) and engineered wood products. Environment and Climate Change Canada’s focus on supporting clean, sustainable growth through the OBPS Decarbonization Incentive Program aligns with Roseburg’s longstanding commitment to innovative manufacturing and responsible forestry, and we’re grateful for the support.”
Alexandre Ouellette, Senior Director of Manufacturing, Roseburg Forest Products

Quick facts

Proceeds from industrial carbon pricing are driving innovative, job-creating Canadian technology projects across regions and sectors. To date, the Decarbonization Incentive Program has supported total investments of over $874 million in 53 clean energy projects.Canada’s emissions are now the lowest they have been in 27 years, excluding the pandemic years, and significantly lower than pre-pandemic levels. Between 2005 and 2023, the emissions intensity of Canada’s economy was cut by 34%.All proceeds collected under the federal OBPS are returned to the jurisdiction of origin. Proceeds collected in jurisdictions where the federal system has been applied are being returned through the two program streams of the OBPS Proceeds Fund. The jurisdictions where the federal OBPS has applied previously, or continues to apply, are:Manitoba (federal OBPS continues to be in effect and proceeds continue to be collected)New Brunswick (federal OBPS was in effect and proceeds were collected until December 31, 2020) Ontario (federal OBPS was in effect and proceeds were collected until December 31, 2021)Saskatchewan (federal OBPS was in effect and proceeds were collected until December 31, 2023)Through the Decarbonization Incentive Program, the Government of Canada returns a portion of the proceeds collected from the federal pollution price on large industrial emitters to support innovative, clean technology projects across Canada back to their jurisdictions of origin. This funding enables eligible facilities to achieve greater energy efficiency, adopt sustainable solutions, and reduce pollution.

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Backgrounder: Canada’s industrial carbon pricing system delivers nearly $150 million in new support for dozens of innovative Canadian clean technology projects across provinces, originating from pollution proceeds

Associated links

Sustainable Jobs PlanCanada’s Green FuturePowering Canada’s Future: A Clean Electricity Strategy Output-Based Pricing SystemOutput-Based Pricing System Proceeds FundOBPS Proceeds Fund: Decarbonization Incentive ProgramHow Carbon Pricing Works2030 Emissions Reduction Plan: Clean Air, Strong Economy

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Environment and Climate Change Canada’s Facebook page

Environment and Natural Resources in Canada’s Facebook page

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SOURCE Environment and Climate Change Canada

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Galaxy Digital Inc. Announces Pricing of $3.507 Billion of Senior Secured Notes

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NEW YORK, July 23, 2026 /PRNewswire/ — Galaxy Digital Inc. (NASDAQ: GLXY) (“Galaxy” or the “Company”), a global leader in digital assets and data center infrastructure, today announced that its indirect wholly owned subsidiary, Galaxy Helios Data Centers II LLC (the “Issuer”), has priced a $3.507 billion private offering (the “Offering”) of 9.875% senior secured notes due 2031 (the “Notes”). The Offering is expected to close on July 28, 2026, subject to market and other conditions.

The Issuer intends to use the net proceeds from the Offering to finance a portion of the development and construction of two buildings containing eight data halls with a combined total of 400 megawatts (“MW”) of utility capacity and 260 MW of critical IT capacity (the “Project”) to be built on an approximately 260-acre property in Dickens County, Texas and to fund debt service reserves.

The Notes will bear interest at a rate of 9.875% per annum payable semi-annually in cash in arrears on February 1 and August 1 of each year, beginning on February 1, 2027 and will mature on August 1, 2031. The Notes will amortize at a rate of 4.00% per annum of the original principal amount subject to adjustment, with amortization payments payable semi-annually with the first payment date to occur at least ten months after the completion of the Project.

The Notes will be fully and unconditionally guaranteed by Galaxy Helios II LLC, a wholly owned direct subsidiary of the Issuer (the “Guarantor”), and will constitute the senior secured obligations of the Issuer and the Guarantor. The Notes and related note guarantee will be secured by first-priority liens on (i) substantially all assets of the Issuer and the Guarantor, other than certain excluded property and (ii) all equity interests of the Issuer held by the direct parent company of the Issuer.

The Offering is subject to market and other conditions, and there can be no assurance as to whether, when or on what terms the Offering may be completed.

The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction, and the Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and any applicable state securities laws. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Galaxy

Galaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.63 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia.

Forward Looking Statements

This press release includes forward-looking statements, including statements relating to the completion, size and timing of the Offering, the terms of the Notes and the intended use of proceeds. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements represent the Company’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including market interest rates, the satisfaction of the closing conditions related to the Offering and risks relating to the Company’s business, including those described in periodic reports that the Company files from time to time with the SEC. The Issuer may not consummate the proposed Offering described in this press release and, if the proposed Offering is consummated, cannot provide any assurances regarding the final terms of the Offering or the Notes or its ability to effectively apply the net proceeds as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and the Company does not undertake to update the statements included in this press release for subsequent developments, whether as a result of new information, future events, or otherwise, except as may be required by law.

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SOURCE Galaxy Digital Inc.

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The Finish Line that Changed China: Retracing the Long March to Yan’an

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BEIJING, July 23, 2026 /PRNewswire/ — A news report from China.org.cn on the Long March, and what it means for China today:

 

Every journey has a destination.

But some destinations become the beginning of something even greater.

This is Yan’an.

Over 90 years ago, an army of soldiers embarked from Yudu, Jiangxi Province, on a journey that would go down in history.

They crossed snow-capped mountains, vast grasslands and raging rivers, eventually arriving in northern Shaanxi.

Across this grueling 12,500-kilometer journey, they wrote a magnificent epic in human history with willpower and courage.

Here, their Long March came to a victorious end. But a new chapter of history was only beginning.

In Yan’an, the Red Army found time to recover and rebuild, and the Central Committee of the Communist Party of China regrouped, gathering strength for the next chapter.

Here, new ideas were debated, new strategies were shaped, and a vision for China’s future gradually took form.

Today, while preserving its revolutionary legacy, Yan’an has grown into a vibrant, modern city — with a greener environment, thriving industries and happier lives for its people.

Nearly 90 years ago, American journalist Edgar Snow came to northern Shaanxi, seeking to uncover a story that few outside China knew. He later chronicled it in his book “Red Star Over China,” which carried the story of the Long March to the world.

Today, people from around the world are once again retracing those steps.

As part of China International Communications Group (CICG)’s “Together on the Long March” international communication project, participants have spent more than a month retracing the route across six key regions.

From Jiangxi to Shaanxi, they followed the Red Army’s journey and witnessed the remarkable changes that have taken place along the way.

I asked them one simple question: What does this journey mean to you?

Zhavier Harris, marketing and communications manager at the Springfield Urban League, said conversations with local residents and descendants of the Red Army made history feel far more immediate than he had expected.

He said history isn’t as distant as we often think. “We’re only one or two generations from these great sacrifices that led to the development and the greatness that we see from the Communist Party of China and China as a whole.”

David Ferguson, honorary chief English editor at Foreign Languages Press under CICG and a recipient of the 2021 Chinese Government Friendship Award, said the journey deepened his understanding of the Long March.

He said the journey helped him understand not only the historical facts, but also what the Red Army endured. “If you see the Long March merely as a military campaign, it ended in Yan’an. But as a spirit, it has never truly come to an end.”

We came to retrace history. We leave with something more: a deeper understanding of China’s past, a clearer view of its present, and perhaps a greater appreciation for the stories that connect us across cultures.

Edgar Snow called the Long March “an Odyssey unequalled in modern times.” He believed that what sustained it was a flame — consisting of an undimmed ardor, an undying hope and an amazing revolutionary optimism.

Ninety years later, that flame still burns.

Passed down through generations, the spirit of the Long March continues to light China’s path forward.

And as it crosses borders and cultures, it offers the world a glimpse of a nation defined by resilience, perseverance and an enduring drive to move forward.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm 

The Finish Line that Changed China: Retracing the Long March to Yan’an
http://www.china.org.cn/video/2026-07/23/content_118614941.shtml

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SOURCE China.org.cn

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Visa and Lianlian Advance Trusted B2B Agentic Commerce Through LoopXPay’s First Live B2B Agentic Transaction

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First live B2B agentic transaction in Greater China highlights how AI-enabled commerce can help SMBs streamline purchasing and payments, supported by Visa’s Agentic Directory for trusted AI agent interactions

SINGAPORE, July 24, 2026 /PRNewswire/ — Visa (NYSE: V), a global leader in digital payments, and Lianlian DigiTech Co., Ltd. (“Lianlian”), an AI-native global financial infrastructure provider, today announced the first live B2B agentic transaction completed using LoopXPay, Lianlian’s AI agent. 

Small and medium sized businesses (SMBs) often lack dedicated procurement teams and spend valuable time sourcing, purchasing and making payments themselves. In the transaction, the LoopXPay agent was used to source a product sample from a supplier and complete the purchase in a single workflow. The agent identified the purchasing requirement, recommended suitable suppliers, compared options, placed the order and securely executed the payment within a single workflow, while operating within pre-defined spending controls and approval parameters.

The milestone highlights how AI-powered commerce experiences can help SMBs simplify purchasing and payment activities while maintaining appropriate controls and oversight. By enabling AI agents to operate within pre-defined spending parameters and approval controls, businesses can reduce manual effort while retaining visibility into commercial decision-making.

As AI agents become more involved in purchasing and payment activities, businesses will require confidence that transactions are being executed by verified participants, within approved parameters and with appropriate oversight. Capabilities aligned with Visa’s Trusted Agent Protocol can help provide the identity, transparency and controls needed to support these interactions.

As part of the collaboration, LoopXPay has been registered in Visa’s Agentic Directory, enabling participating businesses and merchants to identify verified AI agents within the ecosystem. Supporting the implementation of Visa’s Trusted Agent Protocol, the Agentic Directory helps provide greater transparency into agent-driven interactions and confidence that participating agents have met Visa’s requirements.

“AI-powered commerce experiences can help businesses simplify purchasing and payments while maintaining the controls and oversight they require,” said Darren Parslow, Global Head, Visa Commercial Solutions, Visa. “For SMBs, that means less complexity in managing day-to-day commercial activities and more time focused on growth. As businesses increasingly look to embed intelligence into purchasing and payment experiences, trust will become a critical enabler of adoption. Through our collaboration with Lianlian, we are helping advance the trusted foundations that businesses will need to participate in this next era of commerce with confidence.”

Building on this milestone, Visa and Lianlian are exploring how AI agents can support a broader range of commercial activities, including procurement, digital advertising optimisation and B2B platform payments, helping advance trusted commerce through greater efficiency, transparency and control.

Zhang Zhengyu, Founder, Chairman of the Board and CEO, Lianlian DigiTech, said, “AI is reshaping the entire commercial value chain, where a growing number of business activities will be autonomously executed by AI agents, with payments serving as the critical infrastructure connecting them to global commerce. Leveraging its experience in global cross-border payments, compliance, as well as payment network, LianLian is actively building AI-native financial infrastructure, delivering an integrated suite of capabilities for the Agent Economy, spanning identity verification, transaction authorisation, intelligent payment, and global fund settlement. Through this collaboration with Visa, we aim to combine Lianlian’s AI-native capabilities with Visa’s trusted global network and commercial payment expertise to help businesses transact more securely, intelligently and efficiently in an increasingly agent-driven commerce environment.”

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

About Lianlian

Lianlian DigiTech Co., Ltd. (“Lianlian DigiTech” or “Lianlian”) was founded in 2009 and listed on the Main Board of the Hong Kong Stock Exchange in 2024 (stock code: 2598.HK). As China’s leading global provider of digital and intelligent payment services, Lianlian adheres to its mission of “Connecting the world, empowering global commerce” and pursues an “AI-Native + Globalization” strategy. The Company is committed to building a trusted global intelligent financial infrastructure, enabling seamless connectivity between Chinese enterprises and global businesses.  As of now, Lianlian has established a global licensing portfolio comprising 68 payment licenses and related qualifications, and holds a VATP license issued by the Hong Kong SFC. It supports services in more than 200 countries and regions and enables transaction settlement in over 140 currencies, connecting over 180 global e-commerce platforms and serving a cumulative total of over 13.3 million customers. Learn more at www.lianlian.com.

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SOURCE Visa Worldwide Pte. Limited

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