Enbridge to invest US$900 million on solar project supporting Meta's data centres
The Calgary-based pipeline company says construction is underway for the project dubbed Clear Fork, located near San Antonio, Texas.
Service at the facility is expected to begin during the summer of 2027.
Meta, which owns social media and messaging platforms such as Facebook, Instagram and WhatsApp, has signed a long-term contract for 100 per cent of the project's renewable output.
Meta's head of global energy Urvi Parekh says the company is 'thrilled to partner with Enbridge to bring new renewable energy to Texas and help support our operations with 100 per cent clean energy.'
Enbridge's executive vice-president of corporate strategy Matthew Akman says Clear Fork 'demonstrates the growing demand for renewable power across North America from blue-chip companies who are involved in technology and data centre operations.'
Weekly
A weekly look at what's happening in Winnipeg's arts and entertainment scene.
This report by The Canadian Press was first published July 22, 2025.
Companies in this story: (TSX:ENB)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CBC
3 hours ago
- CBC
Trump dismisses weak jobs numbers as 'rigged' and fires labour statistics chief
U.S. President Donald Trump fired the U.S. commissioner of labour statistics after weak jobs numbers signaled tariffs weren't yet leading to his promised economic boom.
Canada News.Net
3 hours ago
- Canada News.Net
Tower Fire triggers mass evictions from partitioned Dubai apartments
DUBAI, U.A.E.: In the shadow of Dubai's gleaming towers and opulent penthouses, authorities have launched a sweeping campaign against illegal subletting, ordering thousands to vacate makeshift dwellings in overcrowded apartment buildings. The clampdown follows a major fire in June at a 67-story residential tower, which forced the evacuation of more than 3,800 residents. Officials blamed partitioned units for contributing to fire hazards and have begun aggressively enforcing housing regulations. Egyptian migrant worker Hesham has lived in a two-bedroom flat carved up to fit 10 men. His "room" is a closet-sized space barely wide enough for a mattress. At US$270 a month, it was all he could afford — until now. For low-paid migrant workers who power Dubai's service and construction sectors, the campaign has triggered panic. Many now fear eviction or fines, with no clear alternative for affordable housing in a city built for the wealthy. "We don't know what we'll do," said Hesham, 44, a salesman who spoke to the Associated Press under a first-name-only condition, fearing reprisals. "We don't have any other choice." Dubai's population has surged to nearly four million and is projected to reach 5.8 million by 2040. Much of the city's real estate boom caters to affluent expatriates, with luxury high-rises and million-dollar properties multiplying. According to real estate firm Knight Frank, nearly 20 percent of homes in Dubai were worth more than $1 million as of last year. Meanwhile, short-term rental prices are forecast to rise another 18 percent by the end of 2025. That growth has left a large portion of the city's residents — mostly migrants from Asia and Africa — priced out of legal housing. Many earn just $300 to $550 a month, and rely on partitioned flats or communal bunk-bed arrangements that cost as little as $100. By contrast, a one-bedroom legal unit averages around $1,400 a month, per Engel & Völkers. Migrant workers typically send a significant portion of their earnings home, leaving them with little for housing. While UAE law mandates employers to provide accommodation for workers earning under $400 monthly, many are employed informally, beyond the reach of regulation. "The crackdown will raise housing costs and create a lot of stress for people whose lives are already precarious," said Steffen Hertog, a Gulf labor expert at the London School of Economics. The June blaze that triggered the latest crackdown occurred in Dubai Marina, an upscale district. Police reported 532 occupied units in the tower — an average of seven people per apartment. While no significant injuries were reported, the incident highlighted the risks of over-occupied and partitioned homes. A deadlier fire in 2023 in Dubai's old Deira neighborhood claimed 16 lives and injured nine more. That apartment, too, had been illegally subdivided. Dubai Municipality issued a statement saying the new inspections are intended to "ensure the highest standards of public safety" and improve tenants' quality of life. It did not respond to questions about where displaced low-income residents are expected to go. For Ebony, a 28-year-old migrant from Ghana, the crackdown meant losing her shared loft space — a plywood bunk above a narrow cot. "They said we had to leave immediately," she recalled. "Now I sleep on a friend's floor. I don't know what comes next." With begging outlawed, labor unions banned, and no minimum wage guarantees, workers like Ebony and Hesham are left in limbo. Dubai's shimmering skyline offers little shelter for those who built it.
Globe and Mail
4 hours ago
- Globe and Mail
3 Growth Stocks to Invest $1,000 in Right Now
Key Points Amazon's core e-commerce business remains remarkably resilient and continues to dominate the global retail landscape. Nvidia remains the undisputed leader in supplying the advanced chips powering today's artificial intelligence revolution. Meta Platforms leads the social media landscape, operating three of the world's top-five most-used platforms and reaching 3.4 billion daily users. 10 stocks we like better than Nvidia › The last year has been a wild ride for many investors, with a huge swing down in the market in the spring before rocketing back up to today's highs. For investors who want to keep that momentum going, here are four growth-focused companies that would be a smart place to park $1,000. Amazon continues to dominate With all the tariff drama, it makes sense that investors have been a bit wary of Amazon (NASDAQ: AMZN) compared to its big tech rivals. I think this fear is overblown. Yes, the trade war between the U.S. and China could reignite, and this would definitely impact Amazon's business, but any disruptions would more than likely be temporary. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » The fact is, Amazon's e-commerce business is highly resilient, and I don't see its dominance meaningfully threatened. Amazon enjoys a moat that few companies in history have. It is hard to overstate how ingrained it is in the daily lives of consumers across the globe. And beyond its retail business, Amazon Web Services (AWS) -- the company's cloud service -- continues to thrive, growing rapidly in the age of artificial intelligence (AI); revenue was up 17% year over year in the first quarter of 2025. CEO Andy Jassy recently drove home the potential of AWS, saying in an earnings call, "before this generation of AI, we thought AWS had the chance to ultimately be a multi-hundred-billion-dollar revenue run rate business. We now think it could be even larger." Nvidia is still on top It's no secret that the most dominant company leading the most dominant industry is Nvidia (NASDAQ: NVDA). Data centers across the globe, especially those running today's most advanced AI models, are filled to the brim with the company's advanced graphics processing units (GPUs). Thus far, no other chipmaker managed to rival Nvidia when it comes to delivering the most advanced GPUs needed to power modern AI, and although competitors like Advanced Micro Devices have begun to make some headway, Nvidia is still miles ahead. It also has an incredible amount of capital -- dollars and people -- to deploy in defending its lead. While this would already be a substantial moat, Nvidia's CUDA architecture provides it with an incredible advantage. This is a key component, and although it's definitely talked about, it remains poorly understood by investors given its importance. Without going into too much detail, CUDA is essentially a software layer upon which most AI technology is built. If a company is already in Nvidia's ecosystem, switching to rival chips would require the overhaul of their entire workflow, making them unlikely to leave. As a result, Nvidia's ecosystem keeps clients loyal and willing to pay a premium. Meta Platforms dominates social media Meta Platforms (NASDAQ: META) is the undisputed leader in social media. Of the top five most used social media platforms in the world, Meta has No. 1, 3, and 4 in Facebook, Instagram, and WhatsApp. All told, its platforms are actively used by more than 3.4 billion people around the world on a daily basis. This massive user base continues to fuel massive growth for the tech behemoth. Its latest quarterly earnings showed a 22% jump in sales year over year (YOY) and a 38% jump in net income. To capitalize on its success, the company is investing aggressively in its future -- especially in AI -- where its enormous and engaged user base gives Meta a unique advantage. It has access to vast amounts of data to train its models and a captive audience to roll out its AI products to. And unlike some in the AI space, Meta also has the financial strength to continue investing even if the short-term return is less than stellar. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $625,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,090,257!* Now, it's worth noting Stock Advisor's total average return is 1,036% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025
