Global energy developer Ørsted announced that it has signed a long-term, 15-year renewable energy power purchase agreement (PPA) with business and financial markets information service provider Bloomberg. Under the new agreement, Ørsted will provide Bloomberg with 80MW of energy generated by its Texas-based Mockingbird Solar Center project, currently under construction. Bloomberg has committed to source 100% of its electricity from…
Goldman Sachs Asset Management (GSAM) has launched the Global Environmental Transition Equity fund to invest across five themes for sustainability. The Article 8 fund will focus on extraction, power generation, manufacturing, transportation, and consumption industries. GSAM says it will look for companies that currently have a ‘heavy’ environmental footprint and are looking to improve by reducing their environmental impact, and…
Decarbonized steel startup H2 Green Steel announced today a series of new funding arrangements, totaling €4.75 billion (USD$5.2 billion), with proceeds to be used to finance the construction of the world’s first large-scale green steel plant, capable of producing steel with 95% lower emissions than traditional blast furnace technology. The new funding announcements include project debt financing of €4.2 billion,…
Climate advocacy organization Friends of the Earth Netherlands (Milieudefensie) announced that it is starting a climate lawsuit against Amsterdam-based global bank ING, demanding the bank cut emissions, including those from its financing activities, in half by 2030, and that ING stop “contributing to dangerous climate change in the future,” by requiring climate transition plans from large clients and ending financing…
With some scientists suggesting the world has entered into its sixth mass extinction cycle, a recent Legal & General Investment Management (LGIM) webinar – Nature Nurture: Can Investors Seek To Protect Nature And Still Deliver Returns – offered insights into the complexities and opportunities in investing in biodiversity and natural capital. As investment commentators flagged in ESG Clarity’s recent outlook…